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Meituan’s stock plunged to a seven-month low after the Chinese e-commerce company’s billionaire chief executive officer shared and then deleted a poem on social media that some interpreted as a veiled criticism of Beijing. The food delivery giant fell almost 10% in Hong Kong before closing 7.1% lower to wipe out about $16 billion. Wang Xing posted a classical poem about book burning by the emperor during the Qin dynasty on social media platform Fanfou.com, according to the Hong Kong Economic Times. He deleted it on Sunday and issued a clarification that he used the poem in reference to the company’s competitors. A Meituan spokesperson confirmed both posts and declined to comment further. ....
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Text by Sushmita Sundaram. Photographed by Wamika Gera Amrut Distilleries shook up the scene in 2010 when their flagship single malt won global recognition in Jim Murray’s Whisky Bible as the third-best whisky in the world. Ten years on, home-grown single malts are still fighting for a seat at the table, where Amrut has set the gold standard One evening in November last year, whisky experts from across the world gathered over a Zoom call to celebrate the launch of Bengaluru-based Amrut Distilleries’ latest single malt, Fusion X. Despite the video glitches and crackling audio, the mood was convivial. Whisky connoisseurs from Bengaluru rubbed virtual elbows with Scottish distillers whose families had been in the business for centuries. ....