An internet entrepreneur explains why he deleted a 1,000-year-old poem on his blog, wiping US$16 billion off Meituan’s value

//An internet entrepreneur explains why he deleted a 1,000-year-old poem on his blog, wiping US$16 billion off Meituan’s value

An internet entrepreneur explains why he deleted a 1,000-year-old poem on his blog, wiping US$16 billion off Meituan’s value

Wang Xing, the co-founder of China’s dominant food delivery service Meituan, has sparked a social media frenzy and a sell-off of its stock, after posting a millennium-old Chinese poem seen as an unsubtle jab at the government.The 42-year-old internet entrepreneur, whose company is under investigation for possible breaches of China’s antitrust laws, posted a poem on Sunday that was written during the late Tang dynasty about the burning of books by China’s first emperor Qin Shihuang. The poem is…

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By | 2021-05-10T13:00:23+00:00 May 10th, 2021|Technology|Comments Off on An internet entrepreneur explains why he deleted a 1,000-year-old poem on his blog, wiping US$16 billion off Meituan’s value