Business News
Latest business news and updates
Total: 484
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.
Copper Bars Go Viral in China — A Genuine Bet on Electrification or a Retail Fad?
Small one-kilogram copper bars have become a social-media-driven retail fad in China's Shenzhen jewellery market, marketed as a low-cost way to invest in copper. While copper's industrial demand is structurally strong and prices have recently hit records, the bars trade at large premiums and lack established buyback channels, creating liquidity and valuation risks for retail buyers.
Yu Minhong’s New Oriental Targets Beijing’s ‘Silver Market’ with Low‑cost Retirement Club
Yu Minhong’s New Oriental has launched a "Beijing Retirement Club" aimed at people aged 50–75, offering free online courses and 19.9 yuan offline trials in hobbies and wellness. The initiative reflects New Oriental’s strategic pivot into the silver economy, leveraging low introductory prices to attract users while navigating competitive and regulatory considerations.
Mainland Money Fuels Hong Kong’s Property Comeback — Chasing New Projects, Transit Links and Luxury
Mainland Chinese buyers drove a strong rebound in Hong Kong’s housing market in 2025, accounting for around HK$1.38–1.41 trillion in transactions and roughly a quarter of private sales by name registration. Their purchases concentrated in new developments, transit‑oriented districts and the luxury segment, a pattern that could continue into 2026 as stock‑market gains and eased housing measures bolster demand.
Beijing Layers Fresh Fiscal Lifelines to Spur Consumption and Private Investment in 2026
China has rolled out a six-part fiscal-financial package for 2026 focused on propping up domestic demand by cutting private financing costs, expanding guarantee and risk-sharing schemes, and extending consumer loan subsidies. The measures are paired with commitments to sustain fiscal outlays in priority areas, improve budget efficiency, and accelerate technology and green transitions.
Beijing Joins Shanghai in the 5‑Trillion Club as China’s Urban Hierarchy Tightens
Beijing’s 2025 GDP surpassed RMB 5.2 trillion, making it the second Chinese city after Shanghai to cross the RMB 5 trillion mark. The outcome highlights the concentration of economic power in top-tier cities and Beijing’s hybrid model of leading services, deep R&D and a resilient industrial base as the blueprint for future urban competitiveness.
Global Markets Plunge as Greenland Standoff and Japanese Fiscal Shock Trigger Risk Aversion
Global markets sold off after a U.S.–Europe standoff over Greenland and a surprise Japanese fiscal pledge sent investors fleeing risk. U.S. equity futures plunged, precious metals set records, and Japanese long-term yields spiked as bond auctions drew weak demand ahead of a looming election.
Wenzhou Cracks the Trillion-Yuan Mark, Underscoring Rise of Non-Capital Industrial Cities in China
Wenzhou surpassed one trillion yuan in GDP in 2025, becoming the 28th Chinese city and the tenth ordinary prefecture-level city to reach that scale. The milestone underscores the growing economic clout of privately driven, industrial prefecture-level cities even as demographic limits and a shift toward multi-trillion targets complicate the next stage of urban competition.