Business News
Latest business news and updates
Total: 3074
Founder Retreats, Platforms Battle for Spring Gala, and a Dumpling Chain Goes Global: Three Shifts in China’s Consumer Sector
Jia Guolong has stepped down from key roles at an entity related to the Xibei chain amid a reputation crisis, signalling retrenchment by a founder-led brand. Kuaishou joined other major platforms to distribute the 2026 Spring Festival Gala in multiple digital formats, intensifying a broader competition for national cultural content. Meanwhile, dumpling chain Yuanji Yunjiao has expanded to 15 overseas outlets as it pursues a Hong Kong listing, underscoring the push by mid-sized Chinese food brands to internationalise.
Alphabet Taps Debt Market for $20bn AI War Chest as OpenAI Readies ChatGPT Upgrade
Alphabet plans to raise about $20 billion through dollar bonds, including very long-dated tranches, to fund AI and other growth initiatives. The move coincides with OpenAI reporting renewed user-growth momentum and preparing to release an upgraded chat model, underlining an intensifying AI competition that is reshaping corporate finance decisions.
PR Retreats, Spring-Gala Scramble and Dumplings Going Global: Three Moves Reshaping China’s Consumer Scene
Jia Guolong has stepped down as legal representative from an affiliate of Xibei as the brand recovers from a high‑profile PR dispute, Kuaishou secured a multi‑format role in streaming the 2026 CCTV Spring Festival Gala, and Yuan Ji Yun Jiao expanded its overseas footprint to 15 stores after opening a second Thai outlet. Together these moves highlight shifts in reputation management, platform competition for cultural moments, and the operational challenges of Chinese food brands going global.
From Retail Crown to Cash Crunch: Can Metersbonwe Stage a Comeback?
Metersbonwe, once a Chinese retail heavyweight, posted a worsening 2025 outlook and mounting quarterly losses despite founder Zhou Chengjian’s return and high-profile livestreaming. Repeated share sales by the controlling shareholder have provided temporary liquidity but highlight chronic cash‑flow and strategic failures; a meaningful recovery will require deep operational and brand reinvention.
Wall Street Opens Soft as GLP‑1 Makers Rally and a Generic Challenger Collapses
U.S. markets opened slightly lower as gains in GLP‑1 weight‑loss drug makers were offset by weakness in memory stocks. Novo Nordisk and Eli Lilly rose on continued enthusiasm for semaglutide‑class therapies, while Hims & Hers plunged after facing litigation over a generic version. Micron fell amid renewed pressure on cyclical tech names.
China Tightens Noose on Tokenised Assets: Domestic Ban on RWA Tokenisation and Offshore Clampdown on RMB Stablecoins
China has tightened crypto regulation by banning onshore tokenisation of real-world assets and forbidding domestic parties from issuing RMB-pegged stablecoins overseas. The twin actions aim to curb disguised fundraising, clarify legal ties between tokens and underlying assets, block cross-border regulatory arbitrage, and steer activity into sanctioned, supervised channels.
Chinese Cathode-Materials Maker Mengguli Plans ¥9.29bn Build-Out as Battery Supply Chain Heats Up
Mengguli has unveiled plans to invest ¥9.29 billion in a lithium‑ion cathode materials project, signalling an aggressive bet on continued EV and energy‑storage growth. The expansion highlights both the strategic importance of cathode production in the battery supply chain and the risks of rapid capacity growth amid governance and raw‑material uncertainties.
Alphabet Prepares $15bn Bond Sale to Fuel an AI Spending Boom — Even as Investors Warily Watch for Oversupply
Alphabet is seeking about $15 billion in a multi‑tranche bond sale to help fund a sharply higher capital expenditure plan focused on AI infrastructure, including long‑dated maturities and potential foreign‑currency issuance. The offering underscores how major tech firms are increasingly relying on debt to finance a costly AI arms race that has drawn strong investor demand but raised concerns about overinvestment and long‑term returns.
Family Control, Faulty Toilets and Forced Make‑ups: How Arrow Home’s Governance and ESG Gaps Are Hitting Its Business
Arrow Home, a major Chinese sanitaryware maker, faces mounting reputational and financial strain after consumer complaints, alleged labor‑rights violations and a family‑dominated governance structure exposed weaknesses in its ESG performance. Despite middling Wind ESG ratings and a recent publicity partnership, falling revenues and a dividend plan that exceeds net profit raise questions about the company's long‑term resilience.
Blackstone Backs Australian AI Play with $10bn Debt Package — A Bet on Data‑centre Nation
Firmus Technologies secured a US$10 billion debt package led by Blackstone to speed construction of AI‑focused data centres across Australia, including Project Southgate which targets up to 1.6GW of capacity by 2028. The deal underscores strong institutional demand for AI infrastructure while spotlighting operational, energy and market‑demand risks inherent in debt‑financed expansion.
NIO Issues Massive Recall of ES8/ES6/EC6 Fleet After Software Bug Blanks Instrument Cluster
NIO has recalled 246,229 ES8, ES6 and EC6 electric cars produced between March 2018 and January 2023 due to a software bug that can temporarily blank instrument and central displays, erasing critical driving information. The company plans to push OTA updates to affected vehicles and will service those that cannot be updated remotely.
Bitcoin Slips Below $69,000 as Market Risk-Off Ripples Through Crypto
Bitcoin dipped below $69,000 on February 9, 2026, declining 1.9% intraday amid a wider risk-off move in global markets. The drop highlights ongoing volatility in crypto markets, amplified by exchange operational issues and leveraged positions.