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…
-
Noosa News10 hours agoFears for the future of retro Chinese dining after blaze guts Sundoo in Townsville
-
Business15 hours agoTop brokers name 3 ASX shares to buy next week 25 May 2025
-
General12 hours agoAustralia’s native flora emerges as an increasingly popular muse for bonsai hobbyists
-
Noosa News15 hours agoOn your marks, get set, buy!