Rat in soup wipes $190m off Chinese restaurant chain’s value

Shares in Xiabu Xiabu plunged by 12% after reports of the animal emerged

China rat
(Image credit: Weibo)

A restaurant chain in China lost $190m (£145m) in market value after images of a pregnant woman finding a dead rat in her meal were uploaded on the internet.

Restaurant Xiabu Xiabu’s stock “hit its lowest level in almost a year, after photos of the dead rat being fished out of the broth with a pair of chopsticks quickly spread online”, says the BBC.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More