Due to the indirect shareholding of Wang Sicong, a Chinese businessman and the only son of prominent real estate magnate Wang Jianlin, MintTown has become one of the most popular digital collection platforms in China.
The stock price of Yiling Pharmaceutical plunged after Wang Sicong, director of Wanda Group, reposted a video on Weibo that questioned whether the WHO had ever recommended the firm’s drug as Covid-19 treatment.