FILE PHOTO: Wang Xing, CEO of Meituan-Dianping attends on the World Web Convention (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Track
June 18, 2021
(Reuters) – China has suggested Meituan Chairman and CEO Wang Xing to maintain a low profile after he posted an historic poem final month that sparked a social media furore and despatched the meals supply agency’s shares plummeting, Bloomberg Information reported on Friday.
Authorities officers summoned the founding father of China’s third-largest tech agency to a gathering lately and informed him to chorus from courting the highlight, at the least quickly, Bloomberg reported https://bloom.bg/3wIuIlC, citing unidentified individuals with information of the matter.
Meituan didn’t reply to a Reuters request for remark.
The poem, posted on Could 6 on a small social media web site Wang based, criticises the emperor of the Qin dynasty, who burnt books to suppress mental dissidents solely to be overthrown by illiterates.
Many on social media interpreted the submit as an allusion to the anti-monopoly marketing campaign of President Xi Jinping. Wang mentioned the reference was to enterprise rivals, saying “probably the most harmful opponents are sometimes surprising ones”.
The unique submit has since been eliminated.
In April, China started an antitrust investigation into Meituan because it elevated scrutiny of the nation’s sprawling web platform financial system.
(Reporting by Nandakumar D in Bengaluru; Modifying by Christopher Cushing)