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	<title>Tang Dynasty &#8211; Spress</title>
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		<title>Vo Tac Thien Tomb has a secret about feng shui?</title>
		<link>https://en.spress.net/vo-tac-thien-tomb-has-a-secret-about-feng-shui-2/</link>
		
		<dc:creator><![CDATA[Theo Khỏe và đẹp]]></dc:creator>
		<pubDate>Sat, 22 May 2021 15:33:12 +0000</pubDate>
				<category><![CDATA[Science]]></category>
		<category><![CDATA[Can Lang]]></category>
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					<description><![CDATA[In the nearly 3,000-year history of Chinese feudal history, Wu Zetian is an extremely special woman. In nearly 3,000 years of Chinese feudalism, Wu Zetian was an extremely special woman. Becoming the first and only Queen to be recognized by history books, what Vo Tac Thien did was really a blow to the feudal institution [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>In the nearly 3,000-year history of Chinese feudal history, Wu Zetian is an extremely special woman.</strong><br />
<span id="more-17388"></span> In nearly 3,000 years of Chinese feudalism, Wu Zetian was an extremely special woman. Becoming the first and only Queen to be recognized by history books, what Vo Tac Thien did was really a blow to the feudal institution with the inherent ideology of respecting men and women in the land of billions of people. . However, Vo Tac Thien&#8217;s influence on China was not limited to when she was still alive.</p>
<p> Many people believe that, even after his death, Vo Tac Thien still had great influence on the nation&#8217;s destiny. Not far away, many people believe that even Can Lang &#8211; where Vo Tac Thien chose to be his burial place &#8211; also contains many secrets&#8230; 1. In February 705, Empress Wu became seriously ill and could no longer take care of the government. Taking that opportunity, the prime minister Truong Gian Tri led the civil and martial mandarins in the court, carried out a coup, stormed the harem, captured and killed the two brothers Truong Xuong Tong &#8211; who were greatly favored by Empress Wu &#8211; and then forced Empress Wu to cast a decree ceding the throne to Crown Prince Lee Hien. Ly Hien ascended to the throne again, known as Duong Trung Tong, Empress Wu retired as Thai Thuong Hoang and died in November of that year. <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_20_180_38900276/280ff373e931006f5920.jpg" width="625" height="416"> On her deathbed, Empress Wu asked Lee Hsien to use the posthumous title of Empress, not Emperor, so she did not have a temple title like other Emperors. Empress Wu also requested to be buried in Can Lang with her husband, Cao Tong Ly Tri, and erected on her grave an empty stele (called Wu Tu stele) with the intention that her merits would be attributed to the next life. judgment. Up to now, people have not been able to explain why an ambitious woman like Vo Tac Thien &#8211; who dared to destroy an illustrious dynasty and established his own dynasty &#8211; came to the last minute. Together, she returned to the status of a wife, requesting to be &#8220;buried&#8221; with her husband, Cao Tong. However, the family believes that one of the reasons why Vo Tac Thien chose Can Lang as his burial place is because of the extremely favorable terrain of this mausoleum. Can Lang was built on the top of Luong Son mountain, located 6km north of Thien Can district. This place is about 160 miles from Xi&#8217;an &#8211; the capital of the Tang Dynasty, forming a position corresponding to the mountain ranges of Cuu Tong, Kim Tuc, Ta Nga, Nghiao Son&#8230; Different from the location of Chieu Lang by Ly The Dan &#8211; the king himself. famous Tang Dynasty &#8211; self-selection, it is said, the location of Qianling was chosen in an extremely professional manner. The person who chose the location to build the Can Lang was the Thai historian Ly Thuan Phong &#8211; the mandarin responsible for yin and yang and astronomy of the Tang dynasty. During the Tang Dynasty, there were many talented people, and there was no shortage of talented people in or in the palace. Ly Thuan Phong is one of those talents. The historian, surnamed Li, is one of the famous ancient Chinese astronomers and numerologists. He is also the one who left behind many works that today are considered by ancient Chinese researchers and astronomers as bedside textbooks. At the same time as Ly Thuan Phong, at that time there was another equally talented person called Vien Thien Canh. Like the Ly family, the Vien family is a master of yin and yang divination. It was Vien who helped Ly The Dan choose the location to build Chieu Lang. Contemporaries believed that Vien was a &#8220;divine man&#8221;, because almost nothing Vien predicted would go wrong. In modern terms, at that time, Ly Thuan Phong and Vien Thien Canh were considered as great intellectuals, the most powerful academic figures in the Tang dynasty. Ly Tri was originally the 9th son of Ly The Dan, born by Empress Truong Ton. In 649, when Ly Thua Can was deposed, Ly Tri ascended the throne, becoming Emperor Cao Tong. Not long after ascending the throne, according to the old practice of the Tang Dynasty, Ly Tri sent Ly Thuan Phong and Vien Thien Canh on their behalf to find a good place to build a grave. According to historical records, the Vien and Ly families have gone to many places but have not found a satisfactory location. It was not until one day, after Vien Thien Canh came to Quan Trung, observing the celestial object at the hour of the Rat, did he discover that a purple gas appeared on the mountain range straight up to the North Star. Purple gas appearing in the concept is a good omen. Following this purple aura, Vien Thien Canh found the location to build the present-day Can Lang. At that time, to mark, Vien Thien Canh buried a bronze coin in the ground. Coincidentally, after that, Ly Thuan Phong also came here. However, unlike Vien Thien Canh, the Ly family chose Luong Son due to careful analysis of the topography of this mountain. After studying the topography of Luong Son mountain, Ly Thuan Phong discovered that the two peaks to the east and west of Luong Son are opposite each other, so if viewed from afar, Luong Son mountain looks like a pair of breasts of Luong Son mountain. woman. If you look at it more broadly, the entire Liangshan area looks like a sleeping noble woman. After using the pieces of stone arranged into a bagua diagram to calculate, Ly Thuan Phong also determined the location of the mausoleum right where Vien Thien Canh had chosen. After receiving information from the Li and Vien surnames, Li Tri immediately sent his uncle Truong Ton Wuji to review it again before making a decision. According to historical records, when he arrived, Truong Ton Vo Ky couldn&#8217;t help but be surprised when the head of the iron stake that Ly Thuan Phong drove into the ground to mark was right in the square inside with the coin that Vien Thien Canh had buried. 2. Because Luong Son &#8211; the place where Can Lang was built &#8211; has a terrain very similar to a woman&#8217;s breasts, so the locals here also call Luong Son mountain Nai Dau Son. This mountain looks very majestic up close, but it is very low from afar. Vien Thien Canh believes that the yin here is heavier, so if you don&#8217;t calculate it carefully, the Ly family&#8217;s dragon vein will be damaged by a woman. The reason given by Vien Thien Canh seems to be very reasonable. Mount Luong Son is located to the west of Cuu Tong Mountain, while the Long Vein of Tang Dynasty is located to the East of Cuu Tong. Therefore, Vien believes that Chieu Lang &#8211; the place where Ly The Dan is buried &#8211; is the first part of the long vein of the Tang dynasty. According to the traditional concept, the site of construction of the mausoleum for Ly Tri must be under this &#8220;dragon head&#8221;. Thus, the most ideal grave location must be in the mountains of Kim Tuc, Ta Nga, and Nghia Son&#8230; However, now there is a woman sitting on top of the Ly men&#8217;s heads. In terms of topography, both sides of Luong Son are surrounded by water, which is a place of gas gathering, truly a prime location for . Contemporaries acknowledged this. It is said that the Luong Son range has been the &#8220;residual&#8221; part of the dragon vein since the Zhou Dynasty, so ordinary people who choose this land as a burial place can ensure three generations of wealth and prosperity. However, for the Tang dynasty, three generations were too short. Moreover, Luong Son&#8217;s great position did not respond to Chieu Lang&#8217;s, which was chosen by Ly The Dan. This unresponsiveness causes the king to be interrupted, lest he will be hindered after only three generations. Truong Ton Vo Ky and Ly Thuan Phong both said that this is a good land, once every thousand years, while Vien Thien Canh firmly asserted that this place was not suitable. Facing two completely opposite opinions, Ly Tri at that time did not know how to decide. At that time, Vo Tac Thien was Chieu Nghi, very happy to hear this. Vien Thien Canh once predicted that the Tang dynasty would be invaded by a woman surnamed Wu. Ly The Dan also for this reason killed many people surnamed Vo. Moreover, in the past, when the surname Vien was in the face of Vo Tac Thien, he said: &#8220;If it is not a woman, it will definitely be the ruler of the world&#8221;. So, isn&#8217;t the terrain of Luong Son in line with what Vien Thien Canh predicted? Thinking so, Vo Tac Thien tried to advise Ly Tri not to hesitate, listening to his words, Truong Ton Vo Ky. Ly Tri was inherently a weak person, so he was soon persuaded by Vo Tac Thien, the choice of the location to build the Can Lang was decided. It is said that, after knowing the story, Vien Thien Canh sighed and lamented: &#8220;The replacement of the Tang Dynasty is none other than Vo Chieu Nghi&#8221;. Vien&#8217;s words later certainly came to fruition. Although he did not listen to Vien Thien Canh&#8217;s words, the opinions of a &#8220;great master&#8221; like Vien also made Truong Ton Vo Ky and Ly Tri feel worried. Therefore, after the tomb was built, Ly Tri wanted to find a name very carefully to balance the shortcomings in the terrain of the tomb. At that time, a great minister proposed to name the mausoleum &#8220;Thua Lang&#8221;, with the intention of inheriting Chieu Lang&#8217;s dragon vein. However, Truong Ton Vo Ky based on the position of Luong Son is located in the Northwest, according to Dich, it belongs to the Can palace, so the proposal is named Can Lang. Didn&#8217;t Vien Thien Canh say that Luong Son&#8217;s yin was too heavy? Thus, naming it Can Lang is more reasonable because Qian is the yang, above, and below, yin, both combined are &#8220;Yin and yang are compatible with Qiankun&#8221;. Ly Tri listened to Truong Ton Vo Ky explain very well, so he decided to name the mausoleum Can Lang. However, giving the tomb a &#8220;positive&#8221; name did not help Ly Tri and the Tang dynasty to get rid of the &#8220;curse&#8221;. As expected, after Ly Tri died, Vo Tac Thien began to gradually acquire power in the court. In September 690, Wu Zetian officially ascended the throne, becoming the only Queen in the Chinese feudal system. It is believed that it was the terrain of Can Lang that helped Vo Tac Thien make such an illustrious career and that is why at the end of his life, Vo Tac Thien decided to be buried in Can Lang, not because he wanted to. buried with Cao Tong Ly Tri Street.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">17388</post-id>	</item>
		<item>
		<title>Chinese tourists climb and carve their names on the bamboo tree of the Shaolin Temple</title>
		<link>https://en.spress.net/chinese-tourists-climb-and-carve-their-names-on-the-bamboo-tree-of-the-shaolin-temple/</link>
		
		<dc:creator><![CDATA[An Nguyễn]]></dc:creator>
		<pubDate>Fri, 21 May 2021 18:13:07 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[BAD]]></category>
		<category><![CDATA[bamboo]]></category>
		<category><![CDATA[carve]]></category>
		<category><![CDATA[Chinese]]></category>
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		<category><![CDATA[Climb tree]]></category>
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		<category><![CDATA[Lack of awareness]]></category>
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		<category><![CDATA[Shaolin]]></category>
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					<description><![CDATA[Sights across China have seen a lot of bad behavior by tourists during the past five-day Labor Day holiday. Some tourists were filmed climbing the ancient city wall in Xi&#8217;an city, Shaanxi province, causing some bricks to fall out of place. South China Morning Post reported on 6/5. The video posted on May 2 also [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Sights across China have seen a lot of bad behavior by tourists during the past five-day Labor Day holiday.</strong><br />
<span id="more-17062"></span> Some tourists were filmed climbing the ancient city wall in Xi&#8217;an city, Shaanxi province, causing some bricks to fall out of place. <em> South China Morning Post</em> reported on 6/5. The video posted on May 2 also shows others pushing their children up to let them play with the relic.</p>
<p> The ancient city wall in Xi&#8217;an was built more than 600 years ago. This is a major tourist attraction of the city, next to the terracotta army. <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_07_119_38753075/befda530b972502c0963.jpg" width="625" height="416"> <em> Some tourists hang on to the old city wall to take pictures. Photo: Sina. </em> The phenomenon has become so widespread that the monument management has to repair the ancient wall after each wave of visitors, an employee here said. The ancient city wall was built in the early days of the Ming Dynasty (1368-1644) and overlaps the ruins from the Tang Dynasty (618-907), the total length is 13.7 km. Therefore, &#8220;it is impossible to arrange for employees to stand in one place all day,&#8221; said the staff here. In addition to hanging on the wall, visitors here also sit on the railing to take pictures or take off their shoes in public. Similarly, Shaolin Temple, a tourist attraction in Henan province, was also vandalized by some unscrupulous tourists. According to the news site <em> Feidian Videos</em> , a teenage boy was recorded drawing on an ancient stone stele in the temple dating back more than 500 years. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_07_119_38753075/a660b3adafef46b11ffe.jpg" width="625" height="727"> <em> Tourists carve their names on bamboo near Shaolin Temple Photo: South China Morning Post. </em> The bamboo stalks near the Shaolin Temple are also graffitied or engraved with words in the form of &#8220;A was here&#8221; or &#8220;A and B 1314&#8221; (ie A and B will be together forever). In another video, a group of adults climbs a bamboo trunk and even encourages their children to do the same. When asked why he climbed a bamboo tree, one adult said it was &#8220;for exercise&#8221;. Facing this situation, the management of tourist attractions has strengthened the handling of &#8220;uncivilized&#8221; tourists. On May 3, Huangzongyu National Forest Park in Anhui province had to chase away two male guests after they climbed the protective fence of a glass bridge 200 meters above the ground to impress and take photos and transmit messages. local media reported. Despite shouting warnings from other tourists, the two men continued to put on a performance like &#8220;Spider-Man&#8221;. The management of the ancient city wall in Xi&#8217;an is somewhat more creative in preventing dangerous acts. They sent a group of young men dressed as soldiers of the Tang Dynasty to politely warn tourists not to damage the monument. “When we see such guests, our warriors will come and ask them to stop doing that. These people use language as if they were in the Tang Dynasty,&#8221; a spokesman for the Xi&#8217;an city wall management board told <em> Sohu News</em> .</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">17062</post-id>	</item>
		<item>
		<title>Chinese public opinion is indignant with tourists climbing and graffitiing on a hundred-year-old monument</title>
		<link>https://en.spress.net/chinese-public-opinion-is-indignant-with-tourists-climbing-and-graffitiing-on-a-hundred-year-old-monument/</link>
		
		<dc:creator><![CDATA[Hải Vân/Báo Tin tức]]></dc:creator>
		<pubDate>Fri, 21 May 2021 11:20:12 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
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					<description><![CDATA[China&#8217;s tourism industry appears to have recovered to pre-COVID-19 levels during the recent holiday season. However, some people of this country are being criticized for their uncivilized behavior and lack of awareness of famous monuments. Visitors climb a bamboo tree at the sacred Shaolin Temple site in Henan, central China. Photo: Handout According to the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>China&#8217;s tourism industry appears to have recovered to pre-COVID-19 levels during the recent holiday season. However, some people of this country are being criticized for their uncivilized behavior and lack of awareness of famous monuments.</strong><br />
<span id="more-16933"></span> <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_07_294_38764075/0ab99dc0818268dc3193.jpg" width="625" height="416"> </p>
<p> <em> Visitors climb a bamboo tree at the sacred Shaolin Temple site in Henan, central China. Photo: Handout</em> According to the South China Morning Post (Hong Kong, China), during the last 5 days of the International Labor Day holiday, the Chinese government recorded 230 million trips, an increase of 103% compared to the same period last year. term 2019. But tourist attractions in mainland China have witnessed many rude behaviors of visitors, such as climbing up ancient walls and graffiti on centuries-old steles. In Xi&#8217;an, the ancient capital of China famous for the Statue of Qin Shi Huang (also known as the Terracotta Army), some tourists were caught climbing the ancient city walls, causing many bricks to fall. . It is known as one of the main attractions of the city, built more than 600 years ago, according to China Youth Daily. In a video posted this week, a group of adults are seen climbing the outer wall of Xi&#8217;an Ancient City to take pictures, while others help their children climb up the ruins to play. . These practices have become so common that the attraction&#8217;s service center has to repair the ancient structure after each peak tourist wave, said a center employee. Since the wall was built in the early days of the Ming Dynasty (1368-1644) on a site from the Tang Dynasty (618-907), a total length of 13.7 km, so the staff said the site &#8220;It&#8217;s not possible to have multiple supervisors all the time.&#8221; Other uncivilized behaviors include sitting on railings to take pictures and taking off shoes in public. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_07_294_38764075/d18541fc5dbeb4e0edaf.jpg" width="625" height="390"> <em> Tourists climb the ancient city wall in Xi&#8217;an, China. Photo: Handout</em> The Shaolin Temple in Henan Province, a famous Buddhist monastery that attracts crowds of tourists, also exhibits unacceptable behavior. A teenager has been seen drawing on an ancient stele. According to the engraver&#8217;s signature, this stele is more than 500 years old. Inscriptions in the style of graffiti street art are also engraved on the bamboo tree near the temple. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_07_294_38764075/e1b570cc6c8e85d0dc9f.jpg" width="625" height="389"> <em> Graffiti-style inscriptions are left on an ancient monument in central China. Photo: Handout</em> Even words like &#8220;&#8230;was here&#8221;, &#8220;&#8230;and&#8230; 1314&#8221;, which is proof of a couple who promise to be together for life, also appear here. A group of adults even climbed the bamboo tree and encouraged their children to do the same, causing the tree to fall. When asked why he climbed a tree, one adult casually said &#8220;for exercise&#8221;. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_07_294_38764075/5441c638da7a33246a6b.jpg" width="625" height="724"> <em> Tourists carve their own names on an ancient bamboo tree in Shaolin Temple. Photo: Handout</em> Management of tourist attractions has tried to find many measures to deal with these &#8220;uncivilized&#8221; tourists. Huangzangyu National Forest Park in Anhui province had to expel two tourists on May 3 after the couple climbed the safety fence of a glass bridge to impress others and take pictures. Although the bridge is about 200 meters above the ground, the men still carelessly performed the &#8220;Spider-Man&#8221; performance, despite shouts of danger from other visitors. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_07_294_38764075/303edc47c005295b7014.jpg" width="625" height="719"> <em> A man climbs the safety fence of a bridge in Anhui to make an impression. Photo: Weibo</em> Management of the ancient city wall of Xi&#8217;an has more creative measures in preventing reckless behavior. Site staff will send a group of men disguised as Tang Dynasty soldiers to politely warn visitors. &#8220;When we see such tourists, our soldiers will approach and ask them to stop doing it, in the way that was common in the Tang Dynasty,&#8221; said Guo Hui, a spokesman for the site. the said.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">16933</post-id>	</item>
		<item>
		<title>CEO publishes poetry in Tang Dynasty, Chinese corporation stock price plunges</title>
		<link>https://en.spress.net/ceo-publishes-poetry-in-tang-dynasty-chinese-corporation-stock-price-plunges/</link>
		
		<dc:creator><![CDATA[Hương Giang]]></dc:creator>
		<pubDate>Wed, 19 May 2021 23:30:06 +0000</pubDate>
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					<description><![CDATA[Share price of Meituan &#8211; China&#8217;s largest food delivery company &#8211; plunged 7.1% to a 7-month low after CEO Wang Xing posted an ancient poem on social media. According to the Bloomberg , after the trading session on May 10, the market capitalization of China&#8217;s number one food delivery company lost 16 billion USD. The [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Share price of Meituan &#8211; China&#8217;s largest food delivery company &#8211; plunged 7.1% to a 7-month low after CEO Wang Xing posted an ancient poem on social media.</strong><br />
<span id="more-16332"></span> According to the <em> Bloomberg</em> , after the trading session on May 10, the market capitalization of China&#8217;s number one food delivery company lost 16 billion USD. The plunge came after CEO Wang Xing posted a Tang Dynasty poem on Fanfou. Many people believe that the 42-year-old billionaire implied criticism of the management apparatus of the Chinese government.</p>
<p> A poem by a poet of the Tang Dynasty, about the phenomenon of burning books in the Qin Dynasty. &#8220;What CEO Wang posted is an anti-government poem. It shows that he is under a lot of pressure because of the investigations,&#8221; said Hao Hong, an analyst at Bocom International in Hong Kong. CEO Wang deleted the post on May 9 and denied the above rumor. He claimed to only use the verse to refer to the company&#8217;s competitors. A spokesperson for Meituan made a similar comment. <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_10_119_38796003/8e3fb12bac6945371c78.jpg" width="625" height="396"> <em> Mr. Wang Xing, CEO of Meituan. Photo: China Daily. </em> In October 2020, billionaire Jack Ma publicly criticized the Chinese banking system. As a result, Jack Ma&#8217;s startup Ant Group was forced to stop its $35 billion listing, Alibaba was investigated and fined $2.8 billion for violating antitrust laws. &#8220;Many people think that the poem posted by Wang Xing is a criticism similar to what Jack Ma said. This is not the time for Chinese businessmen to raise their voices.&#8221; <em> Bloomberg</em> quoted Kerry Goh, Investment Director of Kamet Capital Partners as saying. In recent years, the Chinese government has tightened supervision of technology companies. The Hang Seng Technology Index is down a record 30% from its peak in February. Meituan is also the subject of investigation by Chinese authorities for monopolistic behavior. Meituan is accused of forcing merchants to sign exclusive business contracts on its platform. On May 10, the Shanghai Consumer Council criticized Meituan for infringing on the rights of consumers.</p>
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		<title>Disparaged by customers, CEO Pinduoduo and Meituan lost nearly 7 billion USD</title>
		<link>https://en.spress.net/disparaged-by-customers-ceo-pinduoduo-and-meituan-lost-nearly-7-billion-usd/</link>
		
		<dc:creator><![CDATA[Ngọc Trang -]]></dc:creator>
		<pubDate>Tue, 18 May 2021 04:30:13 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
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					<description><![CDATA[Meituan&#8217;s stock price plummeted after CEO Wang Xing posted a Tang poem that was meant to criticize the Chinese government&#8230; Huang Zheng, founder of Pinduoduo (left) and Wang Xing, founder of Meituan &#8211; Photo: Bloomberg/Getty Images. Huang Zheng, founder and CEO of e-commerce firm Pinduoduo, and Wang Xing, founder and CEO of food delivery platform [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Meituan&#8217;s stock price plummeted after CEO Wang Xing posted a Tang poem that was meant to criticize the Chinese government&#8230;</strong><br />
<span id="more-15738"></span> <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_12_3_38811243/e2a276ef68ad81f3d8bc.jpg" width="625" height="351"> </p>
<p> Huang Zheng, founder of Pinduoduo (left) and Wang Xing, founder of Meituan &#8211; Photo: Bloomberg/Getty Images. Huang Zheng, founder and CEO of e-commerce firm Pinduoduo, and Wang Xing, founder and CEO of food delivery platform Meituan, have seen their fortunes plummet after being criticized by an activist group for consumers. According to Forbes, the share price of this Pinduoduo 11/5 fell more than 9%, &#8220;blowing&#8221; $ 4.3 billion from Huang Zheng&#8217;s assets. The founder of Pinduoduo is currently worth $42.9 billion according to Forbes&#8217; real-time statistics, making him the 4th richest person in China. Meanwhile, Wang Xing&#8217;s fortune fell by $2.5 billion as investors continued to sell off Meituan shares in the May 11 session. The share price fell another 5.3% after falling 7.1% in the previous session. Wang is currently worth $19.5 billion. A day earlier, the Shanghai Consumer Council said it had convened both Pinduoduo and Meituan. The organization criticized Pinduoduo for its poor quality goods, rampant counterfeiting on the company&#8217;s e-commerce platform, and poor after-sales service. The organization also condemned Meituan for issues with refunds, failed food deliveries and misleading content on the company&#8217;s platform. The statement of the Shanghai Consumer Council comes as the Chinese government is tightening control of the country&#8217;s largest technology firms. Last week, Wang was also criticized after posting a poem of a Tang poem allegedly intended to criticize the Chinese government on the social network Fanfou. The poem titled The Book of the Dead (Book Burning Pit) by poet Zhang Jie, written at the end of the Tang Dynasty, condemns Qin Shi Huang&#8217;s act of burning books to control people&#8217;s thoughts and suppress the mind. awake. The poem is meant to mock Qin Shi Huang for seeing academia as the greatest threat, but his reign was eventually overthrown by non-intellectuals. A few days later, Wang deleted the post, explaining that the poem was just a reminder that &#8220;the most dangerous enemies are often the ones we least expect&#8221;. The 42-year-old CEO also added that Meituan&#8217;s biggest rival appears to be Ele.me but is in fact &#8220;unnoticed companies and business models that are disrupting the food delivery industry&#8221;. Late last month, Beijing&#8217;s anti-trust authority officially launched an investigation into Meituan&#8217;s alleged request for sellers to be allowed only the Meituan platform or another competitor. Since then, the company&#8217;s stock price has fallen by nearly 18 percent. On Weibo, many Chinese netizens compared Wang&#8217;s posting of the poem to Jack Ma&#8217;s speech criticizing the financial management system in October 2020. The co-founder of Alibaba at the time even said bluntly that Chinese banks operate like &#8220;pawn shops&#8221;. Jack Ma&#8217;s speech is said to spark a series of strong moves by Chinese authorities against Alibaba as well as its subsidiary Ant Group. Ant&#8217;s &#8220;big&#8221; IPO was suspended a few days later. And Alibaba was fined a record $2.8 billion for monopolies last month.</p>
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		<title>From an ancient poem to the fear of Chinese tech CEOs</title>
		<link>https://en.spress.net/from-an-ancient-poem-to-the-fear-of-chinese-tech-ceos/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Sat, 15 May 2021 00:59:08 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
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					<description><![CDATA[A thousand-year-old poem has cost the giant Meituan tens of billions of dollars in market capitalization. Meituan is China&#8217;s largest food delivery app. (Photo: QZ) A big storm hit after Meituan founder and CEO Wang Xing posted a poem from the Tang Dynasty on social media last week. The article on the Fanfou website has [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>A thousand-year-old poem has cost the giant Meituan tens of billions of dollars in market capitalization.</strong><br />
<span id="more-14472"></span> <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_13_107_38826035/55d086039941701f2950.jpg" width="625" height="351"> </p>
<p> Meituan is China&#8217;s largest food delivery app. (Photo: QZ) A big storm hit after Meituan founder and CEO Wang Xing posted a poem from the Tang Dynasty on social media last week. The article on the Fanfou website has since been deleted, but Meituan confirmed it contains the poem &#8220;The Book Burning Pit&#8221; by author Zhang Jie written more than 1,100 years ago to satirize Qin Shi Huang. According to historical records, Qin Shi Huang quelled dissent in the country by digging huge holes, burning books not approved by the government, and burying scholars to prevent people from condemning him. Some comments on social media suggested that Wang may have posted the poem to implicitly criticize the Chinese government, which is holding back the country&#8217;s largest technology firms. Others compared the post to Alibaba founder Jack Ma&#8217;s speech last year, when he smacked China&#8217;s central banks and financial regulators for using outdated methods. Jack Ma&#8217;s speech seems to have angered the authorities. Ant Group&#8217;s historic IPO was also suspended at the last minute. Meituan and many other &#8220;big players&#8221; such as Alibaba and Tencent have been fined or investigated and monitored for several months now for violating monopoly or affecting consumer rights. The poem, which is more than 1,100 years old, further reveals the predicament that awaits companies like Meituan. Meituan stock fell 13% from May 6 to May 11, wiping out nearly $30 billion in market capitalization. Currently, the stock recovered slightly, gaining 2.5% at the close of the session on May 12. CEO Wang later posted an explanation, saying that the poem was about Meituan&#8217;s competitors. “The Qin Dynasty was afraid of scholars, but Liu Bang and Xiang Yu – the people who overthrew the Qin Dynasty – were not educated. That reminds me that the most dangerous enemies are not the people expected. Alibaba focused on JD.com and then Pinduoduo surpassed in terms of users. Similarly, Ele.me is seen as Meituan&#8217;s biggest competitor, but what really shocks the entire industry might be a certain business, business model that hasn&#8217;t caught our eye yet.&#8221; In April, Meituan and dozens of other companies were warned when Alibaba received a record $2.8 billion fine. Chinese authorities said Alibaba was fined for behaving like a monopolist. They also tell businesses that if they don&#8217;t address monopolistic behavior, they will be similarly punished. Later, China&#8217;s State Market Regulation Authority opened an antitrust investigation against Meituan for &#8220;exclusive trading arrangements&#8221;. The company was summoned by many agencies, including the Shanghai authorities, about the interests of customers. According to analysts Fitch Ratings, regulatory risks with China&#8217;s internet sector tend to escalate. The agency has not ruled out any fines with other companies after what happened to Alibaba. One netizen commented: “The poem is very suggestive. Wang Xing posted it at a critical period of the Big Tech crackdown. This is clearly inappropriate action. Wang may mean his rivals, but investors don&#8217;t think so. This is a very sensitive moment.&#8221; <strong> Du Lam</strong> (According to CNN)</p>
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