Page 34 - Wang Xing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The donation of shares by CEO Wang Xing comes as Meituan and others have come under the scrutiny of China's anti-trust regulator.

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.

The release last week of a white paper on Tibet is an attempt by the Communist Party of China to whitewash the ground reality through propaganda. Since the birth of the CPC, propaganda has been one of its most powerful tools. From Mao Zedong to Xi Jinping, propaganda has always been an integral

Meituan (3690.HK) has delivered a lukewarm meal for investors. The $207 billion group's main food delivery business more than doubled quarterly sales to $3.2 billion from a year earlier. But new bets helped serve up a $1.3 billion operating loss. Regulatory heat threatens to spoil the whole package.

(Bloomberg) -- Chinese food-delivery giant Meituan’s shares jumped more than 10% after Chief Executive Officer Wang Xing unveiled better-than-expected financial results and detailed plans to address government concerns about its business practices.