Chinese Social Media Weibo Bans Another Business Leader After He Questions China's Zero Covid Policy

Weibo Corp WB banned Trip.Com Group Limited TCOM co-founder and Chair James Liang for alleged violation of laws, Reuters reports.
The social media company neither elaborated on the violation nor cited the reasons behind the ban.
Liang had recently questioned the wisdom of the country's zero-COVID strategy as the country's Presidential election draws closer.
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China had already tightened censorship under Chinese President Xi Jinping.
Last week, Tencent Holding Ltd TCEHY WeChat published a piece by Liang that debated the overly cautious epidemic prevention policies leading to more significant pain on the economy and people's life expectancies than the virus itself.
WeChat subsequently removed Liang's post.
Liang previously highlighted the Omicron variant's low death rate challenging the tight COVID policy that could hurt the economy.
Liang has remained active on Weibo amid a tightening regulatory environment during the past two years, unlike most other outspoken Chinese business leaders who have gone private on social media or stopped posting altogether.
Price Action: TCOM shares traded lower by 4.18% at $19.48 on the last check Tuesday.