After reading about this, I'm just at a loss for words. How in the world is this guy lifting the weight? Is he using a string to tie it to himself? Or is he just somehow positioning himself to lift the dumbbell from the ground? Either way, it can't be real. 75kg is a lot of weight. About 165lbs. Many men would struggle to bench press that much (especially if they had never done any weight training). And, of course, the fact that the story is on Ananova doesn't lend it credibility:

A Chinese man has lifted a 75kg barbell for 10 seconds - with his penis. Zhan, from Harbin city, Helongjiang province, said the skill is a branch of Kung Fu, which is exclusive to his family. Zhan, 55, says his father taught him the skill to help him get fit after a serious illness when he was 18. He started training by lifting small bricks with his penis, then gradually added weights and extended duration, reports Yangtsi Evening Post. Zhan, a director of the Hong Kong Chinese Culture Development Fund, said he had no interest in applying to the Guinness Book of Records.