Food delivery drivers for Meituan in the Shandong provincial capital of Jinan in eastern China on July 20, 2017. Photo: Xinhua Food delivery drivers for Meituan in the Shandong provincial capital of Jinan in eastern China on July 20, 2017. Photo: Xinhua
Food delivery drivers for Meituan in the Shandong provincial capital of Jinan in eastern China on July 20, 2017. Photo: Xinhua

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

  • Meituan shares tumbled by as much as 9.8 per cent in Hong Kong, their biggest one-day percentage plunge in two months
  • Meituan’s co-founder Wang Xing posted a poem written during the late Tang dynasty about the burning of books by China’s first emperor Qin Shihuang

Topic |   China technology
Food delivery drivers for Meituan in the Shandong provincial capital of Jinan in eastern China on July 20, 2017. Photo: Xinhua Food delivery drivers for Meituan in the Shandong provincial capital of Jinan in eastern China on July 20, 2017. Photo: Xinhua
Food delivery drivers for Meituan in the Shandong provincial capital of Jinan in eastern China on July 20, 2017. Photo: Xinhua
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