Business News
Latest business news and updates
Total: 456
Ai Hype, Real Losses: Megmeet’s Stock Soars While Profit Plummets as It Reinvests for AI Power Supplies
Megmeet, a Chinese power-electronics supplier, reported a sharp fall in 2025 profits as margins compressed and R&D spending surged, yet its shares have soared on hopes that new AI server power-supply business will deliver blockbuster revenue. The company has raised fresh equity to finance R&D and capacity expansion and is counted among suppliers to Nvidia’s GB200 rack project, but execution and certification risks make its future performance highly uncertain.
China Signals Boost for Services: State Council Expands Financial Support and Loan-Interest Subsidies to Drive Consumption
Beijing has launched a comprehensive plan to cultivate new service-sector consumption drivers and to optimise loan-interest subsidies for service businesses. The package pairs sectoral pilots — from rail-tourism to home-care and ultra-high-definition video — with stronger fiscal and financial support, aiming to boost domestic demand and create jobs while exposing implementation and credit-risk challenges.
Shanghai Bets on a ‘Rocket Star City’ in Minhang to Forge a RMB100 billion Commercial Space Hub
Shanghai has announced plans to build a 9.3 km2 commercial-space cluster in Minhang—“Rocket Star City”—aiming to establish a full reusable-rocket industry chain and annual capacities of up to 150 rockets and 500 satellites by 2030, targeting roughly RMB100 billion in industry output. The initiative accelerates China’s push to industrialise commercial space but faces constraints around launch access, regulation and workforce scaling.
Tesla’s Pivot: From Carmaker in Retreat to AI Bet Worth $1.4tn — Can the Math Add Up?
Tesla’s 2025 results expose a company at a crossroads: vehicle deliveries and automotive margins have declined while investors have re‑priced the firm around an AI and energy future. Energy storage is the clearest near‑term bright spot, but Robotaxi, FSD and Optimus remain high‑risk, long‑dated bets whose commercial payoff will decide whether Tesla’s trillion‑dollar valuation is justified.
Gold Nears $5,600 as Metals Rally Signals a Shift in Risk, Reserve Strategy and Inflation Fears
Gold and other metals have surged sharply this week, with gold approaching $5,600/oz and major base and precious metals hitting record highs in China. The rally is being driven by heightened geopolitical risk, expectations of Federal Reserve easing, record central-bank buying and structural supply tightness, particularly for silver.
Gold’s Rally Rewrites the Script: Why $5,500 Is Just the Beginning
Spot gold surged past $5,500 an ounce after the Fed held rates, as markets priced a dovish pivot, central-bank buying persisted and political risks to Fed independence rose. Technical forces and ETF flows amplified the move, leaving bullion supported but likely to remain volatile through 2026.
Gold Above $5,000 Reprices Miners — Chinese Producers Ride a Historic Rally but Faces Risks
A historic surge in gold prices above $5,000 an ounce has repriced mining stocks, particularly Chinese producers, which are reporting large profit upgrades for 2025 driven by higher prices, modest production gains and efficiency improvements. Major banks and wealth managers have lifted price targets further, while analysts caution that central-bank buying and ETF flows underpin the rally even as macro risks could prompt sharp corrections.
Anhui’s Jinzhongzi Struggles to Recover as Five-Year Loss Streak Deepens
Jinzhongzi, an Anhui-based baijiu maker, has forecast a 2025 net loss of RMB 150–190 million, marking its fifth consecutive year in the red. Heavy dependence on low-end products and Anhui sales, combined with a prolonged leadership vacancy despite a 2022 mixed-ownership reform with China Resources, have left the company struggling to adapt to industry premiumisation and channel shift.
Moutai Rally: Shares Jump as 'Feitian' Bottles Tighten Ahead of Lunar New Year
Kweichow Moutai shares jumped over 7% as prices for its Feitian bottles rose ahead of the Lunar New Year. The move appears driven by retailers’ pre‑holiday stocking and Moutai’s deliberate allocation strategy rather than a sudden surge in consumer demand.
Rotation to Liquor and Property Sends Mixed Signals as Commodities and Long Bonds Surge
China’s stock market posted a narrow gain on the Shanghai Composite as intense sector rotation lifted liquor, real estate, metals and oil names while technology chips lagged. Heavy turnover and divergent leadership, coupled with a concurrent rise in commodities and long-dated bond strength, point to rising structural volatility and mixed signals about liquidity and inflation expectations.
China’s Auto Ambition: EVs Propel a Drive Toward 50 Million Cars a Year
Cui Dongshu of the China Passenger Car Association projects China’s auto industry could reach 50 million annual vehicle sales as NEVs surge at home and in export markets. Strong BEV uptake, rapid technological progress and booming exports underpin the forecast, but uneven industry adaptation and margin pressure pose risks.
Toyota Extends Lead as Global No.1; Volkswagen Stumbles and Chinese Brands Surge
Toyota retained the world sales crown in 2025 with more than 11.3 million vehicles, extending a lead of about 2.3 million units over Volkswagen Group. Toyota’s growth, steady China performance and hybrid strength contrast with Volkswagen’s China slump and management restructuring, while BYD and Geely’s rapid rises signal a reordering of the global auto landscape.