‘The Voice of China’ Producer Falls by Record After Viral Video
- Clip allegedly shows deceased singer talking of mistreatment
- Star CM Holdings drops 23%, the most since listing in December
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The producer of the “The Voice of China” saw its stock tumble by the most on record after a viral video of allegations that a deceased pop star was unfairly treated during her time on the popular televised singing show.
Star CM Holdings Ltd. tumbled 23%, the most since its listing in December. The drop wipes out about $1.5 billion in market value from the stock, which had more than quadrupled at its peak.