Business News
Latest business news and updates
Total: 2067
BMW Trials Humanoid Robots in Leipzig as Factories Rewire for EV Age
BMW has started a European pilot at its Leipzig plant to test Hexagon’s AEON humanoid robot on assembly and EV battery production tasks. The company positions humanoid robots as a supplement to existing automation to reduce physical strain and potentially insource supplier tasks, while the rollout underscores a broader industry shift toward embodied AI in manufacturing.
China’s Smart-Massage Pioneer Posts Large Loss as Regulator Opens Two Probes Against Its Owner
Beiqingsong (688793), a Shenzhen maker of smart portable massage devices, reported a 2025 revenue decline to 771 million yuan and a net loss of 89.3 million yuan after falling gross profit and persistent fixed costs. The company’s founder and controlling shareholder, Ma Xuejun, has been the subject of two CSRC investigations within 41 days, and his recent share sale reduced the group's holding below 50%, heightening governance and market-risk concerns.
Aging Founder Sells as Profits Slide: Taoli Bread’s Family Empire Faces a Governance and Growth Test
Taoli Bread’s founder and family are planning another significant share sale—part of more than RMB 3.7 billion cashed out since listing—as the company reports four years of falling profits and shrinking revenues. Heavy historical dividends and concentrated family control raise governance and capital-allocation questions that may hinder the firm’s ability to reinvest and revive growth.
Chinese GPU Maker Sees Shipments Surge but Posts 2025 Loss of ¥781m
MuXi reported ¥1.644 billion in 2025 revenue, up 121% year‑on‑year, driven by a notable rise in GPU shipments, but still posted a ¥781 million net loss. The results signal strong market acceptance of the company's GPUs while underscoring the persistent profitability and cash‑burn challenges facing China’s emerging AI‑chip vendors.
AI Cap‑ex Concerns Hit Nasdaq; CoreWeave Plummets While Netflix Rallies After Exiting Warner Bros Bid
US markets opened lower as investors fretted over large capital expenditure plans at AI infrastructure providers, sending CoreWeave down over 13% and pressuring broader tech names. Duolingo tumbled on weak bookings guidance while Netflix rose after exiting the Warner Bros bidding contest, underscoring divergent fortunes across the tech and media landscape.
IPO Red Flag: Chuyuan New Materials’ Market Gains Mask Falling Prices, Thickening Receivables and Unusual Sales Fees
Chuyuan New Materials, a domestic maker of dry‑film photopolymers for PCBs, has applied for a ChiNext IPO while reporting a strong market share. Yet unit prices have been sliding, receivables and financing have grown materially, and the company’s high sales service fees — some tied to former related parties — have drawn regulatory queries that could affect valuation and listing timing.
China’s Daily: Chengdu’s Bonded Zone Opens as Regulators Tighten Rules on Platforms and Tech Firms Recalibrate
Chengdu’s new airport comprehensive bonded zone began operations, promising lower logistics costs and stronger western trade links. Simultaneously, Beijing has tightened food‑safety obligations for online delivery platforms, while tech firms adjust strategies amid regulatory and market pressures — a pattern of opening paired with firmer oversight.
From Books to Box-Office Bleed: How Guomai Culture’s Push into Film and Weak ESG, Governance Practices Turned a Profit into a Loss
Guomai Culture’s pivot from publishing to entertainment has collided with content controversy, weak ESG disclosure and a failed animated film investment that produced losses almost equal to last year’s profits. Shareholder sell-offs and a diluted governance structure have amplified investor concern, leaving the company to rebuild credibility through better disclosure, editorial controls and financial risk management.
Beijing Tightens Disclosure Rules for Private Funds, Bans Performance Forecasts and Return Guarantees
China’s securities regulator has issued new measures to tighten disclosure and curb misleading marketing by private funds, banning performance forecasts and guarantees of principal or minimum returns. The rules, effective September 1, 2026, strengthen custodial review, reporting obligations and enforcement powers, and are likely to raise compliance costs while improving investor protection and market credibility.
State-Backed Tech Shares: Ex-Top Economist Proposes National Accounts and a 10-Year Safety Net to Share China’s Innovation Dividend
Former Guangfa and Citi economist Shen Minggao has proposed state-facilitated tech-stock accounts for citizens — including newborn, working-age and pension-linked plans — backed by a ten-year minimum return guarantee of around 3% annualised. He argues the scheme would convert technological progress into household wealth, boost consumption and help China navigate a structural slowdown in nominal GDP. The proposal balances the aims of broadening ownership and financing tech growth but raises fiscal, governance and moral-hazard challenges that will determine its feasibility and market impact.
China’s A‑Shares End February Riding a Commodity Wave as Tech Lags
China’s A‑shares closed February with the Shanghai Composite achieving its third straight monthly gain, driven by strong flows into commodity‑linked sectors such as chemicals, nonferrous metals and rare earths. Heavy trading volumes and concentrated sector leadership highlight a liquidity‑fuelled, cyclical rally that leaves technology and growth names lagging.
China Tightens Rules on Food-Delivery Platforms to Root Out 'Ghost' Sellers and Boost Safety
China will require food-delivery platforms to verify merchant licences, perform on-site checks at least every six months, and publicly display qualification information as part of new rules effective June 1. The measures aim to eliminate unlicensed “ghost” sellers, make platforms legally responsible for oversight and tighten penalties for violations, while posing operational and competitive challenges for platforms and small merchants.