Business News
Latest business news and updates
Total: 2025
Crypto's Gravity Check: Bitcoin Retraces to $76,000 as Market Consolidation Takes Hold
Bitcoin and Ethereum saw a synchronized decline of over 2% in a 24-hour window, with Bitcoin falling to the $76,000 level. The price action reflects a period of consolidation and cautious sentiment in the global digital asset markets.
Bitcoin Retreats to $76,000 as Market Momentum Faces Psychological Resistance
Bitcoin has fallen 2% to $76,000, signaling a cooling period in the 2026 crypto rally. The decline reflects broader investor caution and profit-taking at high valuation levels.
The Bitter Aftertaste: How China’s Braised Snack King Fell from Grace
Juewei Food, China's largest braised snack retailer, has reported its first annual loss and shuttered nearly 6,000 stores amid a massive financial fraud scandal and cooling consumer demand. The company's fall from grace highlights the fragility of franchise-led expansion and the intensifying competition in China's price-sensitive snack market.
Spotify’s Sour Note: Market Rout Wipes Out 13% as Streaming Enthusiasm Hits a Wall
Spotify shares plummeted by over 13% at the market open on April 28, reflecting deep investor concern over the platform's profitability margins. The sharp decline underscores the growing difficulty streaming services face in balancing expensive content acquisition with a market that is increasingly focused on bottom-line results.
China’s ‘Super Bull’ Bets on Strategic Metals: Zhang Jianping Takes Major Stake in Northern Rare Earth
Legendary Chinese investor Zhang Jianping has acquired a 2% stake in Northern Rare Earth, becoming its fourth-largest shareholder. The move follows a stellar first quarter for the company, which saw net profits double amid a resurgence in the strategic minerals market.
AI Infrastructure Boom Fuels Profit Surge at Victory Giant Technology
Victory Giant Technology reported a 40% jump in Q1 2026 profits, driven by strong demand for high-end PCBs used in AI and automotive tech. The company is successfully ramping up production at its Huizhou facilities to meet global hardware needs despite broader market volatility.
The BYD Fiefdom: A Strategic Siege of the 2026 Beijing International Auto Show
BYD dominated the 2026 Beijing International Auto Show by occupying an entire exhibition hall to showcase its complete multi-brand ecosystem and cutting-edge 10C fast-charging technology. The move highlights BYD's transition from a domestic leader to a global technology benchmark, attracting intense scrutiny from international competitors and media.
The Strategic Vanguard: China Outlines ‘Five Battles’ for State-Owned Giants Through 2030
China’s SASAC has released a strategic directive for central state-owned enterprises for the 2026-2030 period, focusing on value creation, technological breakthroughs in AI and quantum computing, and deeper integration of Party leadership into corporate governance. The plan signals an end to the era of simple scale-based expansion in favor of a state-led high-tech industrial surge.
BYD Signals Shift in EV Strategy as Global Supply Chain Costs Drive Assisted Driving Price Hike
BYD will increase the price of its 'God's Eye' B-series assisted driving lidar package from 9,900 to 12,000 yuan starting May 2026. The company cites rising global storage hardware costs as the primary driver for this adjustment, marking a strategic shift in how automakers handle supply chain inflation.
China’s Taxman Bites Back: The High Cost of Evasion for a Top Foodie Influencer
Chinese influencer Bai Bing has been fined 18.91 million yuan for tax evasion following a big-data investigation by the State Taxation Administration. The move highlights Beijing's continued commitment to regulating the influencer economy and enforcing tax compliance among high-earning digital celebrities.
China’s ChiNext Stumbles: Growth Stocks Lose Favor as Defensive Rotation Takes Hold
The ChiNext index continued its downward trend with a fourth straight day of losses, signaling a shift in investor sentiment away from growth stocks. While coal and industrial gases provided defensive gains, over 3,600 stocks declined amid high but cautious trading volumes.
Kuaishou’s Paradox: Record Profits and a Desperate AI Pivot Fail to Reassure Markets
Despite reporting record profits, Kuaishou faces a crisis of confidence as its e-commerce growth slows and user acquisition hits a ceiling. The company's massive 260 billion RMB gamble on generative AI has so far failed to convince investors, who are wary of high costs and stiff competition from ByteDance.