THE China recommended to the President and CEO of the Meituan online platform, Wang Singh, maintain a low profile after posting one ancient chinese poem last month that sparked outrage on social media and their sinking shares of this product buying and distribution platform, was broadcast today by the financial news agency Bloomberg, reports APE.
Government officials recently summoned the founder of China’s third-largest technology company to a meeting and told him to avoid publicity, at least temporarily, Bloomberg reported, citing knowledgeable individuals without naming them. Meituan did not respond to a request for comment.
The poem, posted on May 6 on a small social media funded by Wang, criticizes the emperor of the Qin Dynasty, who burned books of dissident intellectuals, but was eventually overthrown by illiterates.
Many on social media interpreted the post as an indirect reference to the president’s antitrust campaign Xi Jinping. Wang said he was referring to business rivals, saying “the most dangerous rivals are often those we do not expect.” The original post has since been withdrawn. In April, China launched an anti-monopoly investigation against Meituan as it tightened its grip on the expanding online platform economy.
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