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Chinese Tycoons Fortunes Drop $6 8 Billion After Consumer Group Criticizes Their Businesses
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Chine : après Alibaba, Meituan chute en bourse après une bourde
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C est un monde La Bourse ou la poésie ?
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Meituan’s stock plunged to a seven-month low after the Chinese e-commerce company’s billionaire chief executive officer shared and then deleted a poem on social media that some interpreted as a veiled criticism of Beijing. The food delivery giant fell almost 10% in Hong Kong before closing 7.1% lower to wipe out about $16 billion. Wang Xing posted a classical poem about book burning by the emperor during the Qin dynasty on social media platform Fanfou.com, according to the Hong Kong Economic Times. He deleted it on Sunday and issued a clarification that he used the poem in reference to the company’s competitors. A Meituan spokesperson confirmed both posts and declined to comment further.
May 10, 2021
Jack Ma learned the hard way, and paid a hefty price for speaking out when Beijing suspended his Ant Group’s monster IPO following his criticism of regulators. Now, another prominent Chinese tech executive is having a hard time after posting and later deleting a poem seen by many as anti-establishment.
Wang Xing, the billionaire founder and CEO of Chinese food delivery giant Meituan, faces questions about whether he delivered a veiled criticism of the government with a classical Chinese poem he posted on social media platform Fanfou last week.
Written by a poet from China’s Tang dynasty (618-907), the poem is viewed by commentators as a merciless and sharp condemnation of Qin Shi Huang the creator of China’s first unified empire the Qin dynasty (221-206 BC). The poem mocks the emperor’s crackdown on scholars and his burning of books, which was a way for Qin Shi Huang to consolidate his power. In the end, the regime was overthrown by non-intellectuals, the po