Chinese Tycoons’ Fortunes Drop $6.8 Billion After Consumer Group Criticizes Their Businesses

Meituan’s founder Wang Xing and Pinduoduo’s founder Huang Zheng saw their fortunes tumble this week after the Shanghai Consumer Council said in a statement that it had summoned both companies for meetings.

Source: https://www.forbes.com/sites/zinnialee/2021/05/11/chinese-tycoons-fortunes-drop-68-billion-after-consumer-group-criticizes-their-businesses/

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