Shanghai stampede
Relatives of a victim hug as they wait at a hospital where injured people of a stampede incident are treated in Shanghai Jan. 1, 2015. REUTERS/Aly Song

According to media reports coming out of China, around 35 people have been killed and 42 injured in a stampede at an upscale nightclub just before midnight at a New Year’s Eve celebration in Shanghai, China.

Reports on Twitter from onlookers and George Chen, a South China Morning Post reporter suggest that more casualties are likely.

Details of the incident were reported heavily on Chinese social media site Weibo as crowds were slowly being dispersed at the crowded Chen Yi Square on the Bund, a waterfront area in Shanghai.

The city's annual 3D laser display was canceled this year due to fears over crowd issues. In previous years the event attracted up to 300,000 people. A different version of the event was hosted at various locations around the city, easing crowd issues.

While the cause of the incident is still under investigation, authorities continue to assist the wounded.