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Wang Xing has donated a $2.3 billion stake in his food delivery giant Meituan to his own philanthropic foundation, according to a stock exchange filing issued late Thursday.
A thousand-year-old poem just cost Chinese delivery giant Meituan tens of billions of dollars in market value, further rattling a tech industry that is already on edge.
China is growing fast — but the workforce powering its economic rise is shrinking.Census data released Tuesday showed that China's total population rose
China is growing fast — but the workforce powering its economic rise is shrinking.
5/11/2021 6:49:35 AM GMT Asia Market Update: Asia generally tracks declines on Wall St, HK TECH index drops over 4%; China released 2020 census; Japan earnings remain in focus; Colonial Pipeline situation continues to develop. General trend - Asian markets extended losses after the mostly lower opens; US equity FUTs continued to move lower led by Nasdaq. - Tech has lagged in Asia after the Nasdaq declined by over 2.5%. - Mining shares trade generally lower after gains on prior session; China Iron Ore FUTs drop over 3.5%. - Nikkei dropped >3% after opening lower by ~1% [Panasonic drops over 6%...