Business News
Latest business news and updates
Total: 3003
Driving Off the Rails: Legal Woes and Governance Failures at Hongxing Shares
Hongxing Shares director Su Qiwen has been sentenced for dangerous driving, further complicating the company's outlook following his spouse's prior short-term trading violations. The legal trouble coincides with a projected 73% drop in annual profits as the company struggles with market competition and the loss of non-recurring income.
Moutai’s Liquid Gold: Price Hikes and Executive Shake-ups at China’s Spirits Giant
Kweichow Moutai has announced price increases for its iconic Flying Fairy baijiu alongside the abrupt dismissal of its CFO and Board Secretary, Jiang Yan. These moves reflect a dual strategy of aggressive revenue optimization and a significant reshuffling of top-tier corporate governance.
iQIYI’s Dual Offensive: Hong Kong Listing and Buyback Plan Spark Double-Digit Surge
iQIYI shares surged over 10% following news of a planned Hong Kong listing and a $100 million share buyback. The moves are seen as strategic efforts to mitigate US delisting risks and signal confidence in the company's long-term profitability.
CICC Profits Leap 72% as China’s Premier Investment Bank Rides a Capital Market Rebound
CICC reported a nearly 72% jump in net profit for 2025, reaching 9.79 billion RMB, alongside record-high dividend distributions. The results underscore a strong recovery for China's top-tier investment banking sector and a strategic focus on enhancing shareholder returns.
Bitcoin Reclaims $68,000 Milestone: Resilience Amidst Shifting Global Liquidity
Bitcoin rose over 3% to break the $68,000 threshold on March 30, 2026, signaling a robust recovery following recent market liquidations. This price surge highlights Bitcoin's resilience and its evolving role as a speculative hedge amidst global currency fluctuations and a fragmented economic landscape.
China’s Industrial Pivot: Policy Shifts in Solar, Infrastructure, and the Low-Altitude Economy
China is undergoing a significant economic transition characterized by the removal of solar export subsidies, massive high-speed rail investments, and a strategic push into the aviation and data governance sectors. These shifts reflect a move away from low-cost exports toward high-value infrastructure and domestic industrial self-reliance.
Yield Gaming and Locked Doors: The Controversial Survival Tactics of Huatai Baoxing
Huatai Baoxing Fund is facing intense criticism for blocking institutional redemptions and allegedly inflating 'mini-fund' returns through penalty fee loopholes. These controversial tactics underscore the desperation of underperforming Chinese fund managers to retain capital and manipulate performance rankings to attract retail investors.
China’s Regulatory Pivot: Reining In 'Involution' and Algorithmic Warfare
China's SAMR has issued a major directive to implement the 2025 Anti-Unfair Competition Law, targeting 'involution' in the EV and battery sectors while tightening control over platform algorithms. The law introduces extraterritorial reach and new protections for SMEs against payment arrears by large corporations.
Ping An’s Trillion-Yuan Milestone: Capitalizing on China’s ‘Great Deposit Relocation’
Ping An Insurance has achieved a historic 1 trillion RMB net asset milestone, driven by a 10.3% growth in operating profit and a strategic pivot toward bancassurance. The company is successfully capturing maturing household deposits as Chinese savers shift away from traditional bank accounts in search of stable yields.
Strategic Resilience: China's Markets Rebound as Commercial Space and Industrial Metals Lead the Charge
The Shanghai Composite Index staged a late-day recovery to close up 0.24% despite global market volatility, driven by a surge in commercial space and aluminum stocks. High trading volumes indicate a strategic rotation into policy-supported industrial sectors as investors navigate geopolitical uncertainties.
A Rare Vote of Confidence: Longfor’s Major Shareholders Bet on Talent Amid China's Property Gloom
Major shareholders of Longfor Group have donated 100 million shares to an employee trust to incentivize core talent during the real estate industry's downturn. This move, valued at roughly HK$740 million, highlights a strategic commitment to long-term stability and internal alignment as the company navigates China's challenging property market.
Ceasefire in the Clouds: Meituan and the End of China’s $20 Billion Food Delivery War
Meituan has successfully defended its market dominance in China’s food delivery sector despite a collective industry subsidy spend of 150 billion RMB in 2025. The company is now pivoting toward AI-driven logistics and global expansion as Chinese regulators signal an end to irrational price competition.