Business News
Latest business news and updates
Total: 2054
CCTV’s 3·15 Exposé Triggers Overnight Crackdown on Food, Health and Consumer Scams Across Chinese Cities
China’s state broadcaster top consumer-rights show exposed multiple consumer-safety and fraud allegations, prompting the national market regulator and municipal authorities to launch immediate joint investigations. Authorities have ordered suspensions, seized products and opened cases across food processing, medical‑health products, online marketing and e-bike rentals, signalling intensified enforcement and higher compliance risk for firms operating in these sectors.
CCTV Sting Exposes ‘Profit‑Share’ Stock Tip Scams: Wins Shared, Losses Vanish
A CCTV consumer‑protection investigation revealed a stock‑tip scam in which unlicensed telemarketers push manager‑selected shares to retail clients, splitting profits when prices rise and disappearing when losses occur. The exposed firm operates without financial licences, recruits telephone sales staff, and uses scripted reassurances to lure investors — a pattern that highlights regulatory gaps and risks to household savers in China’s retail‑heavy markets.
China’s February Housing Prices Show Monthly Stabilisation but Annual Declines Persist
February data from China’s National Bureau of Statistics shows month‑on‑month declines in housing prices across 70 major cities narrowed, signalling a tentative short‑term stabilisation. However, year‑on‑year prices remain lower across most tiers — particularly in the second‑hand market — underscoring persistent demand weakness and structural challenges in the property sector.
China Stocks Open Mixed as Geopolitics and Oil Keep Investors Cautious
Chinese equities opened mixed on March 16, with the Shanghai Composite slightly down and growth boards drifting. Brokers warned that geopolitical tensions and rising oil are the main pricing risks, while domestic liquidity and policy support could stabilise the market—pointing investors toward selective allocations in energy, staples and computing-hardware leaders ahead of earnings season.
Xiaomi Sets Stage for EV Push with New-Generation SU7 Launch on March 19
Xiaomi will officially launch the new-generation SU7 electric sedan on March 19, alongside a laptop and a smartwatch, signalling a continued push into vehicles framed as part of its consumer-electronics ecosystem. The event will be watched for pricing, technical specs and production plans that will determine whether Xiaomi can scale in a fiercely competitive Chinese EV market.
China’s 3·15 Consumer Gala Unmasks Food Bleaching, Fake ‘Exosome’ Cures and AI ‘Poisoning’ Schemes
China’s 2026 3·15 consumer‑rights broadcast exposed a range of consumer harms — from chemically bleached snack foods and unlicensed anti‑ageing “exosome” products to pseudo‑medical height clinics, private‑domain price gouging, e‑bike safety violations, AI‑manipulation services and stock recommendation scams. The programme named dozens of companies, including units linked to listed firms, prompting swift local regulatory action and highlighting systemic gaps in compliance, platform oversight and consumer protection.
Crypto Broadens Its Advance as Bitcoin Holds Above $71k; Small- and Mid‑Cap Tokens Support Rally
Crypto markets showed a broad-based uptick as MarketVectorTM indices and bitcoin rose modestly, with small- and mid-cap tokens supporting the advance. The intraday peak and subsequent pullback highlight ongoing volatility and the conditional nature of the rally.
NIO Posts First Quarterly Profit After Rmb110bn Burn — A Fragile Turnaround
NIO recorded its first single-quarter net profit—Rmb2.8bn—in Q4 2025 after roughly Rmb110bn of cumulative losses over the past decade. The turnaround was driven by booming deliveries, improved product mix and aggressive cost cuts, but a small funding gap and intensifying competition leave the company’s long-term profitability uncertain.
China’s New Status Symbol: Outdoor Gear Becomes the Luxury Uniform of Tech Elites
In China, technical outdoor apparel has become a new form of social currency for high‑net‑worth professionals who value durability, measurable performance and experiential status. Premiumisation—fueled by acquisitions, luxury hiring, and experiential membership programs—has driven rapid retail growth, while mass channels translate the look into mainstream fashion.
How China’s Duck‑Neck Giants Went from Franchise Goldmines to Losing Bets
China’s major braised‑meat chains — Juewei, Zhouheiya and Huangshanghuang — have seen rapid store closures, revenue declines and collapsing margins after an era of aggressive expansion. High retail prices, overbuilt supply chains, competition from low‑cost street vendors and slowing urbanisation have combined to make the franchised duck‑neck business model unprofitable for many operators and franchisees.
China’s Retail Titan Steps Down: Zhang Jindong’s Suning Restructures Under RMB 238.7bn Debt Burden
Zhang Jindong’s Suning has entered a court‑approved restructuring that addresses RMB 2,387.3 billion of claims against 38 related companies by converting shareholder equity and the founder’s personal assets into a reorganisation trust. The plan, supported by an RMB 80 billion common‑benefit loan from state‑linked asset managers, aims to preserve operations and prioritise partial cash repayment for smaller creditors while converting large claims into trust interests over a 36‑month execution period.
CATL’s Cash Bonanza: How China’s Battery Champion Turned Dominance into Windfall Returns
CATL reported blockbuster 2025 results — ¥423.7 billion in revenue and ¥72.2 billion in net profit — and proposed a record ¥31.5 billion dividend, underscoring its dominant position in both EV batteries and energy storage. Years of heavy R&D investment and scale-up have given the company market share advantages and strategic leverage, although material constraints, competition and regulatory scrutiny pose material risks to future expansion.