Business News
Latest business news and updates
Total: 3095
China Small-caps Rally as Commercial Space Stocks Skyrocket, Tech and Pharma Slip
Chinese stocks finished higher with ChiNext leading gains after an afternoon rally driven by a surge in commercial space and hardware-related sectors. The move highlights retail-driven rotation into strategic, capital‑intensive industries while leaving semiconductors and innovative drugs under pressure.
Shunhao-backed Test Satellite 'Chenguang‑1' Completed — Launch Date Still Up in the Air
Shunhao disclosed that its investee’s first experimental satellite, Chenguang‑1, has finished development but remains unlaunched. The company warned that launch timing is uncertain due to weather, rocket readiness, launch‑site management and regulatory and safety reviews.
Elon Musk to Join BlackRock’s Larry Fink at Davos — A High‑Stakes Conversation Between Tech’s Disruptor and Institutional Capital
Elon Musk will appear at the World Economic Forum in Davos on 22 January for a public conversation with BlackRock CEO Larry Fink. The pairing brings together a leading tech entrepreneur and the head of the world’s largest asset manager, offering signals about how innovation, investment and policy might align on AI, electrification and corporate governance.
Pudong on the Cusp of a City-Sized Economy: China’s Emerging Mega-Districts Reshape Urban Hierarchy
Pudong New Area is approaching the RMB 2 trillion mark, making it economically comparable to a top Chinese city and underscoring how sub-city units are increasingly driving China’s urban economy. This concentration of activity in a handful of districts and counties highlights tensions between agglomeration-driven competitiveness and the need for more balanced regional development.
China’s 2025 Incomes: Strong Wage-Led Gains, but Coastal Cities Pull Ahead
China’s National Bureau of Statistics reported that national per-capita disposable income rose to 43,377 yuan in 2025, up 5.0% in real terms, but gains are unevenly distributed. Shanghai and Beijing lead by a wide margin, while selected central and western provinces show catch-up driven by industrialisation and urbanisation.
Moutai Scrambles After Zodiac-Label Typo — A Small Slip, Big Implications for a Sacred Brand
A printing error on Moutai’s 2026 Horse-year packaging turned the character 昴 into 昂, prompting rapid company action to correct supplies and offer exchanges. While the mistake risks minor reputational damage, collectors’ interest in misprints could make the flawed bottles more valuable on the secondary market.
Hainan’s Duty‑Free Boom: Early Gains, New Shoppers and the Test of Durability
Hainan’s full‑island customs regime and a November 2025 duty‑free policy revision have catalysed a surge in sales and reshaped the island’s retail model by turning local residents into repeat duty‑free shoppers. Early figures are robust, but executives and analysts caution that the holiday‑period boost, heavy promotions and enforcement challenges mean the sector must improve assortment, service and inbound tourism to sustain growth.
Three High-Level Moves in One Day Signal Beijing’s Push to Stabilise the Property Market
On January 20 Beijing rolled out three coordinated policy moves — two State Council briefings and a joint ministry notice on urban renewal — that together aim to stabilise China’s property market by boosting demand, expanding fiscal support and mobilising stock land for redevelopment. The measures are targeted rather than market-wide bailouts, and their effectiveness will depend on local implementation and fiscal capacity.
China Opens Antitrust Case Against Ctrip as Hoteliers Say Platforms Have Become Their Employers
China’s antitrust regulator has opened a probe into Ctrip for alleged abuse of market dominance after hoteliers complained of hidden fees, forced channel exclusivity and unfair algorithmic practices. The investigation could lead to fines, behavioural remedies and reshape how online travel platforms manage supply and traffic allocation.
U.S. Stocks Open Modestly Higher as Memory Shares Lead Gains, Kraft Heinz and Netflix Drag
U.S. markets opened modestly higher, led by gains in memory and storage stocks as investors bet on data-centre and AI-driven demand. Kraft Heinz tumbled after Berkshire registered a large share sale, and Netflix fell after disappointing profit guidance and a pause to buybacks tied to a Warner acquisition.
Risk-On Rally Meets a Record Gold Surge: Markets Cheer Davos Calm as an Arctic Energy Shock Bites
US equities rose after conciliatory remarks at Davos, yet spot gold hit a record near $4,888/oz as a severe winter storm and falling temperatures in Europe and Asia sent natural-gas prices soaring. Chinese policy moves — from faster RMB cross-border payments to tax breaks for CDR investors — signalled continued financial opening even as corporate earnings and sector-specific strains paint an uneven domestic picture.
China Stocks Open Higher as Chip and Storage Names Lead a Tech-Heavy Rally
Chinese stock markets opened higher as semiconductor and storage‑chip stocks outperformed, buoyed by company profit forecasts and plans to expand wafer‑level packaging capacity. Broader market moves were uneven, with commodity and precious‑metals names lagging and speculative small‑caps showing continued volatility.