Meituan founder Wang Xing locks down social media posts as China’s food delivery giant puts antitrust investigation behind it
- The Meituan founder and chief executive has hidden from public view all of his posts on Chinese microblogging platforms Weibo and Fanfou
- That move was apparently made weeks before the government closed its antitrust investigation of Meituan, which was handed a US$533 million fine
Fanfou has served as Wang’s de facto online fan club, where he has posted about three times a day on average for 14 years. His bio on the platform reads: “If I haven’t seen, thought of, or done anything worth mentioning on Fanfou today, then this day was wasted.”
A Meituan representative did not immediately respond to a request for comment. The Hong Kong-listed company’s share price closed up 8.36 per cent to HK$277.40 on Monday.
Wang’s move to have a lower profile on Chinese social media reflects how the country’s tech moguls remain wary of Beijing’s crackdown on major internet platform operators.
Some Chinese social media users expressed their regret for losing access to Wang’s archived posts on Fanfou.
“It was rare for such a successful businessman like Wang Xing to sincerely share his thoughts on social media,” a Weibo user named Gongzierha said in a post.
Others, however, understood the meaning behind Wang’s decision to keep his published thoughts private. “It’s wise [to hide the posts] because the chances of being convicted for what one has said [in public] is greater at this moment,” said a Weibo user named Dakerling.