The founder of China’s Meituan has donated shares in the food-delivery giant worth more than $2 billion to his own philanthropic foundation, amid heightened scrutiny of the country’s tech sector.
Billionaire Wang Xing, who is also the company’s chief executive, transferred about 57.3 million shares to his foundation, stock-exchange filings late Thursday showed. Based on that day’s closing stock price of 307.40 Hong Kong dollars, or the equivalent of about $39.62, the donation was valued at about $2.3 billion.
The company and other Chinese tech giants have come under pressure from Chinese regulators, who are pushing the firms to compete fairly and to protect the interests of consumers and other stakeholders.
“To his OWN”
communist philanthropy = benign tumor
A Call to Protect People and Nature! Thread to Watch/read, T'h'a'c'k'e'r Pass, Nevada:
Show us the menu.
his own wallet, not philanthropic foundation
but he reluctant to paid insurance and welfare for his employee，even more he say the deliverman aren't his employee
தமிழ் தெரிஞ்சவனா இருக்கான்
Still hand delivered and walked to the actual store..world..Shame on the systems
Whaaat? His OWN company Hmmmm
Trojan Horse ! 😏
motivational status😇 😇watsapp status😇 😊polish your self😊 👇👇👇👇
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