What an ancient poem says about China's fearful tech tycoons
CNN
A thousand-year-old poem just cost Chinese delivery giant Meituan tens of billions of dollars in market value, further rattling a tech industry that is already on edge.
The firestorm erupted after Meituan founder and CEO Wang Xing posted a poem from the Tang dynasty era on social media last Thursday. Wang's original post on the website Fanfou has since been deleted. But Meituan confirmed to CNN Business that it contained the poem "The Book Burning Pit," written by Chinese poet Zhang Jie more than 1,100 years ago to satirize Qin Shi Huang, who proclaimed himself the first "emperor" of a unified China in 221 BC.
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