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Meituan shares slump as fallout from CEO s poem post festers

Meituan shares slump as fallout from CEO s poem post festers by Reuters Share: SHANGHAI, May 11 (Reuters) - Shares of Chinese food delivery giant Meituan slumped further on Tuesday in a sell-off precipated by the social media posting by its chairman of an ancient poem that was perceived by some as criticising the government and President Xi Jinping. The company, which recently raised $10 billion, has lost $30 billion in market value over two days amid a broader drop in Chinese tech shares as investors remain jittery over a regulatory clampdown that last month ensnared Meituan. The poem, posted on May 6 by Chairman and CEO Wang Xing on a small social media site that he founded, criticises the emperor of the Qin dynasty, who burnt books to suppress intellectual dissidents, only for it to be overthrown by illiterates.

Wang xingTony munroeFred wongGabriela baczynskaShanghai consumer councilHong kong basedHang seng tech indexவாங் க்ஷிங்டோனி மன்ரோஃப்ரெட் வோங்ஷாங்காய் நுகர்வோர் சபைஹாங் காங் அடிப்படையிலானதுசெயலிழக்க செங் தொழில்நுட்பம் குறியீட்டு

Meituan shares slump as fallout from CEO s poem post festers | Money

Tuesday, 11 May 2021 09:19 PM MYT Management team of China s Meituan Dianping, an online food delivery-to-ticketing services platform, attend a news conference on its IPO in Hong Kong, China September 6, 2018. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. SHANGHAI, May 11 Shares of Chinese food delivery giant Meituan slumped further today in a sell-off precipated by the social media posting by its chairman of an ancient poem that was perceived by some as criticising the government and President Xi Jinping. The company, which recently raised US$10 billion (RM41.1 billion), has lost US$30 billion in market value over two days amid a broader drop in Chinese tech shares as investors remain jittery over a regulatory clampdown that last month ensnared Meituan.

Hong kongWang xingMeituan dianpingFred wongShanghai consumer councilChina septemberHong kong basedHang seng tech indexஹாங் காங்வாங் க்ஷிங்ஃப்ரெட் வோங்ஷாங்காய் நுகர்வோர் சபைசீனா செப்டம்பர்ஹாங் காங் அடிப்படையிலானதுசெயலிழக்க செங் தொழில்நுட்பம் குறியீட்டு

Surprising! Chinese billionaire suffers a loss of Rs 18,365 crore for sharing a poem

Highlights The poem, posted on May 6 by Chairman and CEO Wang Xing on a small social media site that he founded, criticises the emperor of the Qin dynasty, who burnt books to suppress intellectual dissidents, only for it to be overthrown by illiterates. Shares of Chinese food delivery giant Meituan slumped further in a sell-off precipitated by the social media posting by its chairman of an ancient poem that was perceived by some as criticising the government and President Xi Jinping. He was referring to social media criticism of Meituan and other industry players` treatment of delivery riders, most of whom are not covered by basic social and medical insurance.

Wang xingFred wongShanghai consumer councilHong kong basedவாங் க்ஷிங்ஃப்ரெட் வோங்ஷாங்காய் நுகர்வோர் சபைஹாங் காங் அடிப்படையிலானது

Young Hong Kongers fleeing Beijing s clampdown left in danger as they miss out on British asylum

Young Hong Kongers fleeing Beijing s clampdown left in danger as they miss out on British asylum
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

Hong kongUnited kingdomPeter walshAlistair carmichaelFred wongResettlement communityUniversity of oxford migration observatoryBritish nationalKarson limHong kong assistanceUnited kingdom basedLiberal democratHong kong billஹாங் காங்ஒன்றுபட்டது கிஂக்டம்பீட்டர் வால்ஷ்

Jaxport pitches itself as great place from which to restart cruising - Jacksonville Business Journal

Jaxport pitches itself as great place from which to restart cruising - Jacksonville Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

United statesTimothy gibbonsChristine duffyFred wongCenters for diseaseJacksonville business journalDisease controlCruise line president christine duffyCarnival cruise linesSouth floridaJaxport chief operating officer fred wongஒன்றுபட்டது மாநிலங்களில்தீமோத்தேயு கிப்பன்கள்கிறிஸ்டின் டஃபிஃப்ரெட் வோங்மையங்கள் க்கு நோய்