Business News
Latest business news and updates
Total: 2027
Huayi Brothers’ Final Curtain: The Tragic Devaluation of China’s First Film Empire
Huayi Brothers, the pioneer of Chinese commercial film, has entered pre-restructuring after failing to pay a modest debt of 11.4 million RMB. Following seven years of losses totaling over 8 billion RMB, the studio's collapse highlights the failure of its 'de-cinematization' strategy and the impact of the 2018 industry tax crackdown.
Accounting for the Collapse: PwC’s Billion-Dollar Penance for the Evergrande Fraud
Hong Kong regulators have reached a HK$1 billion settlement with PwC over its failed audits of China Evergrande, alongside a HK$300 million fine and a six-month ban on new clients. The move highlights a coordinated effort between Hong Kong and Beijing to punish auditing negligence following Evergrande’s massive revenue inflation.
China’s Tech-Heavy ChiNext Slumps as AI Fever Cools and Earnings Anxiety Peaks
A sharp sell-off in China’s ChiNext index highlights growing investor caution as the artificial intelligence trade loses steam. While lithium and chip sectors remain bright spots, broader market sentiment is dampened by U.S. macro uncertainty and an impending wave of corporate earnings disclosures.
China’s Markets Pivot from Geopolitics to Fundamental Anxiety as Earnings Deadline Looms
Chinese markets saw a weak opening on April 24 as the ChiNext Index fell over 1%, signaling a shift from geopolitical concerns to earnings-related anxiety. Investors are increasingly desensitized to Middle East tensions, focusing instead on domestic price recovery, Fed policy, and the risks of disappointing Q1 financial results.
A Great Re-rating: Why Global Capital is Paying a Premium for China’s Hard Tech
The long-standing pricing gap between China's A-shares and Hong Kong's H-shares is collapsing, with elite 'Hard Tech' firms now trading at a premium in Hong Kong. This valuation inversion reflects a shift toward global institutional pricing for China’s most competitive industrial leaders, moving away from domestic retail-driven sentiment.
XPeng’s Global Gambit: China’s EV Upstart Eyes Factories in Europe and Latin America by 2026
XPeng is seeking to establish manufacturing hubs in Europe, SE Asia, and Latin America by 2026 to meet surging demand and bypass export limitations. The company is also intensifying its technology licensing and AI mobility projects to secure long-term profitability.
Guangzhou’s High-Tech Pivot: How the “Millennial Trading Hub” Outpaced National Growth
Guangzhou's Q1 2026 GDP grew by 6.0%, exceeding national and provincial averages for the first time in five years. This growth was driven by a massive surge in high-tech manufacturing, specifically in NEVs and semiconductors, alongside a record-breaking recovery in international tourism and service-based consumption.
The Subsidy Trap: China’s Food Delivery Giants Face a Regulatory Reckoning
Chinese experts and business owners are calling for an end to 'ultra-large' platform subsidies that they claim are distorting market prices and destroying the profit margins of small businesses. As the food delivery sector reaches a growth plateau, new 2026 regulations aim to shift the industry from destructive price wars toward transparent, rule-based competition.
The Ghost in the Machine: 58.com’s Desperate Pivot and the Decay of China’s Classifieds Giant
58.com, formerly China’s dominant classifieds platform, is facing a crisis as 'ghost order' scandals and police investigations highlight a desperate attempt to monetize user data. The company has lost over 60% of its peak revenue and halved its workforce as specialized competitors render its generalist, lead-selling model obsolete.
The Billion-Dollar Price of Negligence: PwC Settles Over Evergrande’s Phantom Profits
PwC Hong Kong has agreed to a record HK$1 billion settlement to compensate Evergrande shareholders following a massive accounting scandal. The move follows regulatory findings that the auditor failed to identify or stop the inflation of over half a trillion yuan in revenue, signaling a new era of aggressive oversight for the Big Four in Greater China.
End of an Era: Kweichow Moutai Navigates its First Contraction in Two Decades
Kweichow Moutai has reported its first simultaneous decline in revenue and profit since 2001, signaling a major turning point for China’s premium liquor industry. The company is pivoting toward a direct-to-consumer model and raising prices to protect its brand value as it faces high inventory levels and a cooling broader economy.
Magnetic Attrition: China Squeezes Rare Earth Exports to Japan as Geopolitical Tensions Mount
China's exports of rare earth magnets to Japan dropped 27% in March, reaching a nine-month low as Beijing tightens export controls on dual-use items. The move highlights the intersection of critical mineral supply chains and deteriorating geopolitical relations between the two East Asian powers.