Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
China warns billionaire to lie low after he loses ₹18,365 cr over poem: Report
short by Kiran Khatri / on Friday, 18 June, 2021
China's government summoned Meituan CEO Wang Xing recently and warned him to keep a low profile after the billionaire shared a 1,100-year-old Chinese poem on social media, a report said. Meituan lost $26 billion in market value in two days after some interpreted Xing's post as a criticism of the government. Meanwhile, Xing's wealth fell $2.5 billion (over ₹18,365 crore).
read more at BloombergQuint