Business News
Latest business news and updates
Total: 3074
China Tightens the Noose on Crypto: RMB‑Pegged Stablecoins Banned Abroad and RWA Tokenization Curtailed
China has issued stringent new rules that ban the overseas issuance of renminbi‑pegged stablecoins without approval and place heavy restrictions on tokenizing domestic assets for issuance abroad. The policy bundle, coordinated by the central bank and eight departments and accompanied by CSRC guidance on RWA tokenization, closes perceived regulatory gaps while creating a filing pathway for compliant projects.
Takaichi’s Electoral Mandate Fuels Fiscal Boldness — and Fresh Downward Pressure on the Yen
Prime Minister Sanae Takaichi’s governing coalition won a decisive lower-house majority, clearing the path for expansionary fiscal measures such as cuts to the food consumption tax and a new sovereign wealth fund. Markets have swiftly priced in a higher probability of yen weakness and a Japanese equity rally, while analysts warn that persistent fiscal loosening could exacerbate sovereign-financing pressures and elevate the risk of market intervention if the currency weakens beyond key thresholds.
Konka's Fall: China’s Once-Dominant TV Maker Posts Billions in Losses and Faces Delisting Risk
Konka, once a leader in China’s television market, warned of a RMB 12.58–15.57 billion net loss for 2025 and faces a likely negative net-asset position and possible delisting. Years of shrinking TV sales, sprawling diversification, mounting impairments and governance lapses have culminated in a balance-sheet crisis that China Resources has begun to address but cannot resolve alone.
Maotai Soars as Mid‑Tier Liquor Plummets: How China’s New‑Year Spirits Trade Is Splitting Along Channel Lines
As Lunar New Year approaches, premium Feitian Maotai has seen a sharp price rise and rapid sell‑outs, while some regional and mid‑range baijiu brands crashed after sudden factory releases. Instant‑retail platforms such as Meituan are undercutting traditional alcohol shops, pushing merchants to prioritize cash preservation and minimal stocking over speculative inventory plays.
Queues at the Gold Counter: Beijing’s Elders ‘Buy the Dip’ as Gold and Silver Suffer Historic Plunge
A historic intraday crash on 30 January 2026 sent gold down as much as 16% and silver near 36%, triggering panic among leveraged and late-entry investors. In Beijing, elderly retail buyers queued at Caibai stores to purchase physical gold, while institutions and exchanges tightened margins and market participants debated whether the rally can resume or a deeper correction is underway.
A Philanthropic Boost and a Market Whirlwind: Li Yapeng’s Charity Revival, Dong Yuhui’s Quiet Donation, and a Linked Stock Rally
Li Yapeng’s vocal defence of a benefactor who helped Yānrán Angel Children’s Hospital has turbocharged his livestreaming comeback, drawing millions of followers and hundreds of millions of RMB in sales. The publicity also lifted Tiandi Online—an investor in Li’s cultural company—into a sharp stock rally, despite the firm warning of substantial 2025 losses. The episode underscores how Chinese celebrity philanthropy can rapidly translate into consumer and market effects, exposing companies and donors to reputational and regulatory risks.
Bitcoin's Rollercoaster: 90,000+ Traders Liquidated as Price Plunges Then Bounces Near $71k
Bitcoin suffered a sharp sell-off before recovering to around $71,000, triggering more than 91,400 forced liquidations and over $300 million in losses in 24 hours. The episode highlights heavy leverage in crypto markets, rising fears about miners and contagion to other risk assets, and an absence of government backstops.
Bitcoin Breaks $71,000 as Risk Appetite Returns — What It Means for Markets
Bitcoin reached $71,000, rising 4.67% in 24 hours as reported on NetEase. The advance reflects renewed institutional and retail demand amid favourable macro conditions but leaves the market exposed to sharp reversals given structural liquidity risks and regulatory scrutiny.
Tesla Goes Hunting for Talent as Musk Bets on a 100GW U.S. Solar Push
Tesla has started recruiting senior engineers and scientists to scale up U.S. solar module manufacturing as part of Elon Musk’s 100GW deployment target, with an internal deadline of the end of 2028. The effort confronts a domestic shortage of cell production, entrenched Chinese dominance, and the political and technical obstacles that have stymied past U.S. solar manufacturing plans.
When the Gold Rush Faltered: Beijing Grandparents Queue to ‘Buy the Dip’ as Markets Plunge
A historic intraday crash on 30 January 2026 wiped out major portions of gold and silver’s recent gains, provoking panicked selling and a striking countertrend: older Beijing shoppers queuing to buy physical bars even as younger online investors were trapped. The rout was driven by stretched positions, margin increases on U.S. futures exchanges and uncertainty about U.S. monetary policy; it exposed frictions between physical dealers, retail products and global derivatives markets.
Escaping the Fire: The Silver Flash Crash and the Perils of Leverage
A sudden one-day 30% plunge in spot silver on January 30 triggered sharp declines in metal-linked equities and highlighted the danger leverage poses during liquidity squeezes. Swift regulatory margin increases and low market valuations helped avert widespread forced liquidations, but the incident underscores the need for cash buffers, conservative leverage and structural market safeguards.
Alibaba’s Qianwen Extends Lunar New Year Free-Order Cards as Demand Overwhelms Delivery Capacity
Alibaba’s Qianwen extended its Spring Festival 25-yuan free-order card validity to February 28 after demand outpaced expectations, and widened eligibility to include meals, fresh produce and New Year goods via Tmall and Hema. Heavy user participation has strained merchant and flash-delivery capacity, leaving many unable to place orders and exposing the logistics limits behind a high-profile promotional push.