Surprising! Chinese billionaire suffers a loss of Rs 18,365 crore for sharing a poem
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. The company, which recently raised $10 billion, has lost $30 billion in market value over two days.
May 11, 2021, 20:48 PM IST