Business News
Latest business news and updates
Total: 2054
Moutai’s Money Manager Falls: Probe of CFO-Board Secretary Exposes Governance Risks at China’s Most Valuable Liquor Firm
Guizhou provincial investigators have placed Kweichow Moutai’s chief financial officer and company secretary Jiang Yan under disciplinary and criminal scrutiny. Her role overseeing Moutai’s finance arms and capital operations makes the inquiry significant for corporate governance and investor confidence in one of China’s most valuable listed companies.
Parasite Scare at Sushiro Exposes the Perils of Speedy Expansion in China’s Viral Dining Market
A suspected parasite‑egg discovery in a tuna sushi at a Beijing Sushiro store has prompted a regulator investigation and a disputed compensation settlement, exposing weaknesses in quality control despite the chain’s hygiene claims. The incident highlights a recurring problem in China’s viral restaurant sector: rapid expansion driven by social media often outpaces the systems needed to guarantee food safety.
Didi Denies Viral Claim It Approved Three‑Year Extension for Eight‑Year‑Old Cars
Didi has denied circulating reports that it approved a three‑year operating extension for cars older than eight years. The correction highlights tensions between drivers' economic pressures, safety regulations set by local transport authorities, and the risks of rapid misinformation on social platforms.
Li Xiang Dials Down the Growth Fever: Li Auto’s Year of Fixes, Not Expansion
Li Auto reported substantial year‑on‑year profit and revenue declines for 2025 and has set a more modest growth target of just above 20% for 2026. CEO Li Xiang has launched operational changes — a partner store model, network rationalisation and AI initiatives — and emphasises 2026 as a year of repair and strategic repositioning rather than aggressive scale‑up.
PBOC to Inject CNY 500bn via Six‑Month Buyout Reverse Repo to Anchor Liquidity
The People’s Bank of China will inject 500 billion yuan into the banking system on March 16 via a six‑month buyout reverse‑repo, using a fixed‑quantity, multi‑price rate tender. The move supplies durable liquidity without cutting policy rates, signalling targeted accommodation to stabilise money markets and support credit supply.
Why China’s Takeaway Prices Are Rising Even as Platforms Subsidise Orders
China’s food‑delivery subsidy war is squeezing restaurant margins: platforms run aggressive promotions to retain users while shifting costs onto merchants through fees, required discounts and business‑manager interventions. The dynamic is forcing many eateries to raise prices or opt out of promotions, prompting regulatory scrutiny and raising questions about the sustainability of current platform strategies.
Livestream Glamour, Factory Reality: Inside China’s 'A/B' Online Fashion Problem
Chinese shoppers and consumer complaints reveal a widespread mismatch between high‑quality samples shown in livestreams and the cheaper goods actually delivered, a practice dubbed “A/B” goods. The problem stems from livestream marketing tactics, fragmented supply chains and weak last‑mile quality control, and presents legal, reputational and regulatory risks for sellers and platforms.
Wall Street Dips as Tech Slips and Gold Miners Plunge; Oil and the Dollar Push Markets Around
U.S. equity markets closed lower as technology names led declines while gold miners plunged amid a firmer dollar and rising oil prices. The session reflected sector rotation and macro uncertainty, with investors weighing the implications of commodity strength and higher real yields on earnings and valuations.
Another Maotai Executive Falls: What Repeated Corruption at China’s National Liquor Giant Reveals
Kweichow Moutai’s finance chief Jiang Yan is under disciplinary investigation, the latest in a string of probes that have ensnared successive top executives at the company. The pattern exposes deep governance challenges tied to Moutai’s quota-driven, high-value market and signals continued central and provincial scrutiny of state-linked corporate elites.
Lifetime Warranties That Don’t Last: How Chinese Automakers Turned a Trust Signal into a Legal Minefield
Chinese automakers' increasingly common 'lifetime' warranties are being routinely limited or denied through narrow contract terms, service requirements, and administrative loopholes. The practice exposes gaps in regulation and enforcement, undermines consumer trust, and poses reputational and financial risks to manufacturers as vehicles age and failures increase.
China’s Sanitary‑Pad Shakeup: Tougher Standards, Smarter Factories and a Sharper Market
China has introduced stricter national standards for disposable sanitary products that tighten size tolerances, update absorbency tests, close safety gaps on chemicals, and mandate process controls. The rules accelerate factory automation and testing, favour large brands and domestic equipment makers, and are likely to prompt consolidation and higher‑quality — and higher‑priced — products over the coming years.
How a Taiwanese Milk‑Tea Brand Became a $2 Billion Exit: The Gong Cha Story and What It Means for Beverage Capital
TA Associates is marketing Gong Cha with a possible valuation near $2 billion, which would net the firm about $1.7 billion after a 2019 purchase of roughly $288 million. The brand’s global franchising success contrasts with sharp setbacks in mainland China, illustrating both the upside of high‑frequency beverage models for private equity and the brand risks that come from loose licensing and weak trademark protection.