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Shares in Meituan, China’s largest food delivery platform, have tumbled after its chief executive posted – and then deleted – an ancient poem in a move widely seen as possible criticism of the Chinese government. Authorities are investigating the company over allegations of anti-monopolistic behaviour, part of a wider crackdown on technology companies. Meituan’s stock price lost 5.3% on Tuesday and plunged as much as 9.8% on Monday after its chief executive Wang Xing posted the classical Tang dynasty poem, which criticised Emperor Qin Shi Huang for silencing his critics by burning boo...

Meituan Shares Sink as Much as 9% After Consumer Council Report Bloomberg News, Bloomberg News Food delivery couriers for Meituan gather around motorcycles in Beijing, China, on Wednesday, April 21, 2021. Chinese delivery giant Meituan has raised $9.98 billion from a record top-up placement and a convertible bonds sale as it doubles down on efforts to fight the likes of Alibaba Group Holding Ltd. in newer areas such as online groceries. Photographer: Yan Cong/Bloomberg , Bloomberg (Bloomberg) -- Meituan’s stock plunged as much as 8.6% i...

* HSI -2.0%, HSCE -2.1%, CSI300 +0.6% * FTSE China A50 +1.1% May 11 (Reuters) - Hong Kong stocks fell on Tuesday to a seven-week low, tracking an overnight tech sell-off on the Wall Street, while persistent anti-monopoly fears also weighed on tech giants listed in the Asian financial hub. The Hang Seng index fell 2.0% to 28,013.81, lowest closing since March 25, while the China Enterprises Index lost 2.1% to 10,431.55 points. Leading the retreat, the Hang Seng tech index slumped as much as 4.5% to a six-month low before ending down 3%, dropping more than 30% from a record high hit on Feb. 18....

SINGAPORE — Shares in Meituan, China’s largest food delivery platform, have tumbled after its CEO posted —and then deleted — an ancient poem in a move widely seen as possible criticism of the Chinese government. Authorities are investigating the company over allegations of anti-monopolistic behavior, part of a wider crackdown on technology companies. Meituan’s stock price lost 5.3% on Tuesday and plunged as much as 9.8% on Monday after its CEO Wang Xing posted the classical Tang dynasty poem, which criticized Emperor Qin Shi Huang for silencing his critics by burning books. Wang...

Shares in Meituan, China’s largest food delivery platform, have tumbled after its chief executive posted – and then deleted – an ancient poem in a move widely seen as possible criticism of the Chinese government. Authorities are investigating the company over allegations of anti-monopolistic behaviour, part of a wider crackdown on technology companies. Meituan’s stock price lost 5.3% on Tuesday and plunged as much as 9.8% on Monday after its chief executive Wang Xing posted the classical Tang dynasty poem, which criticised Emperor Qin Shi Huang for silencing his critics by burning boo...