Page 40 - Wang Xing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provided by Dow Jones By Yifan Wang Hong Kong technology stocks were sharply lower in early trade Tuesday following steep losses for the sector in U.S. trading overnight. Shares of Meituan suffered the heaviest losses on the benchmark Hang Seng Index, dropping as much as 8.7% to HK$240, its lowest intraday level since September last year. The dive came after Shanghai authorities said late Monday that Meituan had been ordered to revamp its operations and correct potential abuse of its market dominance, a further move by regulators to rein in the Chinese delivery...

Chinese Delivery Giant Meituan In Trouble After CEO's Puzzling Post Meituan CEO Wang Xing lost $2.5 billion of his wealth after he posted verses from a millennium-old poem about the misguided attempts of China's first emperor to quash dissent. Updated: May 11, 2021 8:09 pm IST It took just 28 Chinese characters on an obscure social media platform to ignite a controversy that's rattled the country's tech industry. Meituan CEO Wang Xing lost $2.5 billion of his wealth after he posted verses from a millennium-old poem about the misguided attempts of China's first emperor to quash dissent. Wa...

SINGAPORE (AP) – 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 book...

China app giant Meituan tumbles after CEO's poetic swipe at officials AFP 1 day ago © WANG ZHAO A Meituan food delivery man rides his scooter in Beijing Shares of Chinese online giant Meituan plummeted for a second straight day Tuesday amid a run of bad headlines that included the CEO posting an ancient poem viewed as a veiled criticism of China's government. Popular Searches Meituan's Hong Kong-listed shares closed more than five percent lower Tuesday -- and down around 12 percent since last week -- as investors bet it would become the next big Chinese tech company humbled by government...

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...