Business
Meituan: China tech giant’s shares slide over ancient poem – BBC News
Shares in Meituan slumped after its boss reportedly shared, then deleted, a Tang dynasty poem.
image copyrightGetty Images
Shares in Chinese food delivery giant Meituan have fallen sharply after its boss reportedly shared a 1,000-year-old poem on social media.
The Book Burning Pit by Zhang Jie was posted, then deleted, by the firm’s billionaire chief executive, Wang Xing.
The Tang dynasty poem was interpreted as a veiled criticism of President Xi Jinping’s government.
Meituan is currently under investigation over allegations of abusing its market dominance.
The company is one of China’s biggest…
-
General15 hours ago‘Economic bullying’: China hits out at US protectionism
-
General18 hours agoDefence minister won’t say if security agencies or Trump administration pushed for Darwin Port backflip
-
General15 hours agoPoliticians asked how to Trump-proof Australia’s fragile economy on Q+A
-
General18 hours agoAsian, European stocks nosedive on tariff turmoil