Authorities are investigating the company over allegations of anti-monopolistic behaviour, part of a wider crackdown on technology companies. Mr Wang posted the classical poem The Book Burning Pit by Tang dynasty poet Zhang Jie to the social media platform Fanfou, according to Chinese media reports. Under President Xi Jinping, China has imposed ever tighter controls in an already repressive political landscape and on the Chinese media. Other technology companies including gaming giant Tencent and search engine giant Baidu were fined for failing to disclose investments and acquisitions. Its stock price has fallen nearly 17% since regulators announced in late December that they were investigating the company.

Source: Irish Independent May 11, 2021 12:47 UTC