Business News
Latest business news and updates
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China’s Under-the-Counter Injectables: The Dangerous Proliferation of DIY Medical Aesthetics
An investigation has uncovered that major Chinese e-commerce platforms are illegally selling Class III medical injectables directly to consumers. Driven by a trend of 'consumer downgrading,' this grey market bypasses professional oversight, leading to severe medical risks and exposing significant regulatory gaps in the platform economy.
Rebirth of a Legend: Chery Jaguar Land Rover Abandons Fossil Fuels for $4 Billion China EV Pivot
Chery Jaguar Land Rover has officially ceased production of internal combustion engine vehicles in China, transitioning its operations entirely toward New Energy Vehicles. Supported by a 30 billion RMB investment, the joint venture is relaunching the 'Freelander' brand to lead its charge into the electric and hybrid luxury market.
Policy Tailwinds and Tech Optimism Drive China’s Markets to a Strong Second-Quarter Start
China's major stock indices surged over 1% in the first session of the second quarter, led by a 3% jump in the tech-heavy STAR 50. The rally was driven by the pharmaceutical sector and new energy storage policies, even as traditional infrastructure stocks faced a sell-off.
Li Auto’s MEGA Redemption: Can Zero-Interest Loans Save a Stalled Pure-Electric Ambition?
Li Auto has introduced a 5-year zero-interest financing scheme for its MEGA MPV to stimulate demand amid a cooling pure-electric market. The strategic move aims to counteract design controversies and intense competition from new tech-driven automotive rivals.
Chongqing’s Two-Wheel Disruption: How an Upstart Startup Toppled the Motorcycle Old Guard
ZXMOTO has become the first Chinese manufacturer to win a World Supersport Championship race, signaling a major shift in the global motorcycling hierarchy. Led by founder Zhang Xue, the startup is leveraging racing success and a 'lifestyle' brand image to revitalize Chongqing’s manufacturing legacy and target the high-performance leisure market.
BYD’s Pyrrhic Victory: The World’s Top EV Seller Faces a Margin Squeeze and a Branding Identity Crisis
BYD achieved record sales of 4.6 million units in 2025, but its net profit fell by nearly 20% due to an intense price war. The company now faces the dual challenge of escaping its low-end brand image in China while navigating logistical and regulatory hurdles in its critical overseas expansion.
Redefining the Limit: The Chinese Startup Disrupting the World of Superbikes
Chinese motorcycle startup ZX Motor has shocked the racing world by securing a dominant victory at the WSBK, signaling a shift from low-end manufacturing to high-performance engineering. Led by founder Zhang Xue, the company leverages Chongqing’s industrial ecosystem and tech spillovers from China's EV sector to challenge established European and Japanese brands.
From Pixels to Plastic: Tencent’s Honor of Kings Enters the High-Stakes World of Trading Cards
Tencent is expanding its Honor of Kings franchise into the physical trading card market through a strategic partnership with industry leader Kayou. Meanwhile, mid-tier publisher Hero Games faces a crucial test with its latest update, and South Korea’s Krafton suffers a major setback in its attempt to diversify the PUBG brand.
Battery King’s Bounty: CATL Founder’s $300 Million Donation Signals Shift in Chinese Tech Philanthropy
CATL founder Robin Zeng has donated 5 million shares of the world’s leading battery maker, worth roughly 2 billion RMB, to Shanghai Jiao Tong University. This move reinforces the strategic link between China’s green-tech pioneers and its top-tier research institutions, highlighting a new era of high-stakes academic philanthropy.
Cracked Foundations: The Seven-Year Slump of China’s ‘Flooring King’
Dare Global, once China’s dominant flooring manufacturer, reported a 90.4% collapse in 2025 net profits, marking its seventh straight year of decline. Amidst negative cash flow and loss-making subsidiaries, the company faces growing criticism over high executive compensation and a lack of recovery strategy.
NVIDIA’s Strategic Gambit and Biotech M&A Surge Fuel Wall Street Rally
US markets opened strongly on March 31, 2026, driven by NVIDIA’s $2 billion investment in Marvell and a massive wave of biotech acquisitions by Biogen and Eli Lilly. This tech and healthcare-led rally stands in stark contrast to European markets, which faced a double-digit decline over the course of the month.
A Tech-Led Resurgence: Chinese Equities Rally Amid AI Breakthroughs and EV Optimism
Chinese index futures and US-listed ADRs saw a significant rally led by a 10% jump in NIO and strong gains for iQIYI and Baidu. The surge is driven by a combination of favorable global macro trends and major domestic AI developments, including Apple's integration of Baidu's AI technology.