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It took just 28 Chinese characters on a social media platform to ignite a controversy that's rattled China's tech industry.. Read more at straitstimes.com.
China is growing fast — but the workforce powering its economic rise is shrinking.
CEO’s Post of Ancient Poem Interpreted as Criticism of Beijing Rattles Stock Market A Chinese billionaire rattled the stock market by quoting an ancient poem on social media, reflecting on the fall of the Qin Dynasty—the first empire in China. Although the post was later deleted, his company’s stock plunged to a new low of the year. “The Book Burning Pit,” read as “Fen Shu Keng” in Chinese, was a seven-character quatrain written by Tang dynasty poet Zhang Jie, questioning the tyranny of Qin Shi Huang, the first Emperor of the Qin Dynasty, or China, who ordered philosophical book...
BBC News Published 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 takeaway food delivery and lifestyle services platforms and is backed by ...
China tech giant's shares slide over ancient poem © Getty 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 takeaway food delivery and lifestyle services platfor...