Business News
Latest business news and updates
Total: 456
Xiaomi’s SU7 Gets Its First Facelift — A Test of Whether the EV Hype Can Become Durable Growth
Xiaomi is refreshing the SU7 sedan 21 months after its launch, raising prices slightly while adding advanced sensors and compute to catch up with rivals. The facelift reflects a strategic shift from single‑model blitzes to a broader, systemised approach amid internal product cannibalisation, production mismatches and a more discerning Chinese EV market.
China’s Commercial Space Push: From Small‑Body Prospecting to ‘Space+’ Business Models
China’s commercial space sector is shifting focus to small‑body resource prospecting and technologies that enable in‑space resource use, with private firms and state policy aligning to develop new “space+” business models. Success will hinge on technical demonstrations, regulatory clarity and the creation of downstream markets such as propellant supply, in‑orbit services and space tourism.
Beijing Moves to End ‘Involution’ in Solar Industry, Prioritising Order Over Price Wars
China’s MIIT convened PV industry leaders on 28 January to curb destructive “involution” in the solar sector, proposing coordinated market and legal measures — from capacity control to price enforcement — and urging the industry association to boost self‑discipline. The initiative aims to stabilise margins, improve quality and reduce trade frictions, but could cause short‑term supply tightness and higher module prices.
Once China's No.1 Baby-Formula Brand, Beingmate Stumbles Under Quality Complaints and a Dual Debt Crisis
Beingmate, once a leading domestic infant-formula brand in China, is battling repeated product-quality complaints, labour disputes and a severe liquidity crunch that is mirrored at its controlling shareholder. Coupled with regulatory warnings over accounting and opaque ESG disclosure, the company faces urgent operational and financial fixes to avoid restructuring, takeover, or deeper reputational damage.
From Flagship Showroom to Bankruptcy Office: The Fall of Baolide, Once East China's Biggest Luxury Dealer
Baolide, once East China’s largest private luxury‑car dealer and a Mercedes‑Benz flagship franchise in Hangzhou, has been largely vacated and is in formal bankruptcy proceedings. Courts accepted its insolvency filing in 2025 and appointed administrators; showrooms are locked and vehicles bear enforcement notices, raising questions about dealer financing, customer protection and channel stability for foreign automakers in China.
Mixed A‑share Open as Commodities Lead Early Gains
A‑share markets opened mixed on January 29 with the Shanghai Composite up modestly while Shenzhen and ChiNext edged lower. Non‑ferrous metals and oil & gas led sector gains as commodity strength and resource ETF inflows drove selective buying, leaving the broader market in a cautious stance.
China’s Provincial Scorecard 2025: Tibet’s Surge, Coastal Giants Slow and the Interior’s Investment Gamble
China’s 2025 provincial GDP results reveal a polarized regional economy: Tibet topped growth through heavy investment and a low base, a set of provinces consolidated high growth and scale, while several established and resource-heavy regions lagged. The figures highlight rising concentration among top provinces, persistent dependence on investment in parts of the interior, and continuing structural challenges in the northeast and energy provinces.
Fed Holds Rates Steady after Prior Easing, Spotlighting Policy Uncertainty
The Federal Reserve kept its policy rate at 3.50%–3.75% and signaled a cautious, data‑dependent approach after three rate cuts in late 2025. A 10–2 vote to hold, with two officials favoring an immediate 25‑basis‑point cut, exposed internal disagreement over how quickly to ease further amid still‑elevated inflation.
Bright Dairy Repackages Itself for 2026: From High‑Protein Yogurt to Museum Tie‑Ins and City‑Exclusive Milk
Bright Dairy launched a broad 2026 strategy in Shanghai that combines product science, cultural branding, upgraded subscription services and experiential tourism. The company is betting that premium, functional dairy products and city‑specific storytelling will deepen consumer loyalty and lift margins as it expands its industry chain control.
How a Northern Pizza Buffet Won China’s Students — and Why Its IPO Is a Risky Bet
Bigge Pizza, a northern Chinese self‑service pizza buffet, has become a youth cultural phenomenon and is preparing for a Hong Kong IPO after rapid revenue growth. Its model — crowdsourced menu innovation, aggressive student pricing and a social media‑fuelled fan base — drives strong weekday traffic, but national expansion faces heavy costs, financial leverage and entrenched southern competitors.
China’s Well‑Heeled Trade Logos for Value: The Quiet Revolt Against Expensive Down Jackets
Affluent Chinese shoppers are increasingly choosing mid‑market, well‑specified down jackets sold through membership stores and discount platforms, cutting into the premium previously paid for luxury logos. The change reflects the erosion of information asymmetry and a broader shift toward buying measurable value rather than symbolic goods.
Spot Gold Surges Past $5,500 an Ounce as Safe‑Haven Demand Meets Fragile Fundamentals
Spot gold surpassed $5,500 per ounce on January 29, driven by safe‑haven flows amid fiscal, currency and geopolitical concerns. Analysts warn that resilient global growth and rising yields could blunt further gains even as speculative momentum supports the rally.