Business News
Latest business news and updates
Total: 3095
When Sony Goes to TCL: The End of the Japanese TV Dynasty and a New Chapter in Global TV
TCL and Sony have agreed to form a joint venture in which TCL will hold a 51% controlling stake in Sony’s TV and home‑audio business, reflecting a strategic pivot by Sony away from capital‑intensive hardware and a major upgrade for TCL into the premium TV segment. If completed, the deal would accelerate industry consolidation, deepen vertical integration with TCL’s panel arm, and symbolically mark the end of Japan’s decades‑long dominance of the television market.
Gold and Silver’s Unruly Rally: Central Banks, Industry Demand and a Fraying Global Trust
A mix of central‑bank accumulation, rising industrial use in tech and energy, and persistent geopolitical risk is underpinning a prolonged rally in gold and silver. That combination makes short‑term bearish calls fragile, though price volatility and policy shifts still pose meaningful risks.
China’s Deposit Rates Slide: Large CDs Fall Below 1% as Banks Trim Long-term Offers
Chinese banks have cut rates on large-denomination certificates of deposit, with many short-term offerings now below 1%. The retreat of longer-term deposit products and tighter issuance reflects central-bank easing and banks’ efforts to protect net interest margins, prompting savers to seek alternative yields and raising questions about future credit growth and financial stability.
China’s Trade Map Is Rewiring: Shenzhen and Shanghai Hold Fast as Inland and Small Cities Surge
China’s 2025 city-level trade data reveal a reconfiguration of the country’s external commerce: Shenzhen and Shanghai remain the top two, but inland provincial capitals and several smaller cities have surged. The shift is driven by higher-value manufactured exports, logistics innovations such as China–Europe freight trains, and the growth of platform-style trade centres like Yiwu.
Three Briefings, One Signal: Beijing Mobilises Policy Tools to Stabilise China’s Housing Market
On 20 January 2026 Beijing issued a trio of policy signals — income-support planning from the NDRC, a pledge of more expansive fiscal spending from the Finance Ministry, and new urban-renewal measures from the Ministry of Natural Resources — that together amount to a coordinated boost for the real-estate sector. The package signals a strategic pivot from short-term stimulus toward building household purchasing power and accelerating redevelopment as levers for stabilising growth and consumption.
Temu's Turkish Office Reportedly Targeted in Early-Morning Raid — A Test of Cross‑Border E‑commerce Rules
A NetEase headline reported a dawn raid on Temu's Turkish office, though details and official confirmation remain scarce. The incident highlights growing regulatory scrutiny of cross‑border e‑commerce platforms and poses operational and reputational risks for Temu as it expands into complex national markets.
Shanghai Tax Authority Penalises Pinduoduo — A Reminder That China’s Tech Firms Must Square Up on Taxes
Shanghai tax authorities have imposed an administrative penalty on Pinduoduo for tax‑related breaches. The market reaction — a pre‑market uptick in US‑listed shares — suggests investors view the action as manageable, but it reinforces tax compliance as a rising regulatory risk for China’s internet platforms.
From Sevenfold Surge to Five Straight Limit‑Downs: China Solar Small‑Cap Faces Sixth Year of Losses
Guosheng Technology forecast a 2025 net loss of RMB 325–650 million, marking its sixth consecutive annual loss, while its shares plunged into five straight limit‑down sessions after an earlier speculative rally. The company's troubles reflect a wider industry downturn driven by structural overcapacity, low module prices and margin erosion across China's PV sector, even as firms pivot toward batteries and higher‑value components.
China’s ‘Organic Wine’ Pioneer Flags Heavy Write-down, Plans to Scrap 600 Mu of Vines as Earnings Slide
Weilong Co., a prominent listed organic-wine producer in China, warned of a 2025 net loss of Rmb40.92–66.11 million and will scrap 600 mu of vineyards as part of a Rmb62.68 million impairment package. The company attributes the shortfall to weak market demand, provisions at a subsidiary, and disrupted cash access after its controller faced legal trouble and much of the controlling shareholder’s stake was frozen.
AI and Data‑Centre Demand Drive Tianfu’s 2025 Profit Leap — Still Comes Up Short of Street Estimates
Tianfu Communication expects 2025 net profit to rise 40–60% to RMB 1.881–2.150 billion, driven by AI‑related demand and global data‑centre construction, but the top‑end of guidance slightly misses the broker consensus of RMB 2.17 billion. The company’s results are aided by manufacturing efficiencies and non‑recurring gains, while exchange‑rate losses have increased financial costs and trimmed profit growth.
Crisis Lifeline: Xibei Secures A‑Round Backing from Restaurant Veteran Zhang Yong and Ex‑Alibaba Partner Hu Xiaoming as It Seeks a Comeback
Xibei has completed an A‑round capital increase led by investors including Xinrongji founder Zhang Yong and former Alibaba partner Hu Xiaoming, after a reputation crisis and the closure of roughly 100 stores. The funding is intended to stabilise cash flow, bolster supply‑chain capability and potentially preserve a path to a future IPO, but substantial governance and brand repair work remains.
Gold Rally Sends Chinese Jewelry Prices Above 1,500 yuan as Central Banks Accumulate Reserves
Spot gold has surged in recent sessions, pushing retail gold jewelry prices in China above 1,500 yuan per gram and prompting central-bank accumulation such as Poland’s approved plan to buy up to 150 tonnes. Analysts attribute the rally to renewed trade tensions, questions about Fed independence, reserve diversification by institutional investors, and shifting monetary expectations.