Business News
Latest business news and updates
Total: 2060
Apple Accelerates India Push: iPhone Production Jumps to About 55 Million, Now Accounts for a Quarter of Output
Apple raised iPhone assembly in India by about 53% last year, producing roughly 55 million units — nearly a quarter of its global iPhone output. The shift boosts India’s role in global electronics manufacturing, improves supply-chain resilience for Apple, but does not yet replace critical component suppliers concentrated in East Asia.
Meituan Begins Integration: Dingdong Founder Relinquishes CEO Role as CFO Steps Up
Dingdong Maicai’s founder Liang Changlin has stepped down as CEO but remains chairman after Meituan’s acquisition; CFO Wang Song was promoted to CEO to steer integration. The move reflects Meituan’s push to fold Dingdong’s supply‑chain strengths into its logistics network, though thin margins and intense competition leave execution risks.
Europe’s Offshore Wind Shortfall Turns Chinese Suppliers into the Continent’s Emergency Backstop
Geopolitical tensions in early 2026 have turned Europe’s offshore wind plans into an urgent energy-security imperative, prompting utilities to prioritise delivery certainty over price. Chinese wind-equipment makers—leveraging low-cost steel, proprietary transport fleets and near-term European assembly bases—have rapidly captured large contracts, but face shipping costs, margin pressure and potential EU protectionist responses.
Spike in Crude Forces Fourth Fuel Hike of 2026 as Chinese Drivers Queue and Costs Climb
China implemented its fourth retail fuel price increase of 2026 after international crude surged above $100 a barrel amid Middle East escalations. The rise has prompted queues at service stations and will raise costs for motorists and logistics firms, while analysts warn of further domestic increases if geopolitical tensions push oil higher.
Loan-Fuelled Bets and Shadow Platforms: How Retail Leverage Turned China’s Gold Rally into a Crisis
Retail investors in China have suffered heavy losses after borrowing to buy gold and using unregulated platform contracts that mimicked futures. A combination of extreme price volatility and non-physical, high‑leverage products—exemplified by the Jieworui withdrawal freeze—has prompted bank warnings and regulatory action to curb disguised margin trading.
Three CEOs in Two Years: How Sun Art’s New Owner Is Rewiring a Hypermarket Giant
Sun Art has replaced three CEOs in under two years as Dehong Capital reshapes the hypermarket into a leaner, fresh‑focused omnichannel retailer. A company veteran delivered a return to profit by restoring price credibility and cutting costs, a short‑lived successor sketched a fresh‑led, near‑market transformation, and Dehong’s co‑founder has now taken the helm to marry operational fixes with capital‑driven value extraction.
BitMine Builds a Large Ethereum War Chest — Holds 3.8% of Supply as Treasury Tops $10bn
BitMine has increased its Ethereum holdings by 60,976 ETH to a total of 4,534,563 ETH, equal to about 3.76% of Ethereum’s circulating supply, and now reports a $10.3 billion treasury that includes crypto, equities and $1.2 billion cash. The accumulation highlights potential market effects from large corporate treasuries and signals a bullish posture toward Ether while preserving strategic optionality.
OnePlus to Raise Prices on March 10 as Chinese Phone Makers Signal Broad March Adjustments
OnePlus will announce price increases on March 10, part of a broader wave of planned March price adjustments among Chinese smartphone brands. The changes reflect rising component and R&D costs and a strategic shift toward restoring margins, with important implications for consumers, channel dynamics and competitive positioning globally.
Bitcoin Climbs Toward $69k as Ether Clears $2,000 — A Renewed Crypto Upswing
Bitcoin rose toward $69,000, trading at $68,967.70 with a 2.87% 24-hour gain, while Ether climbed above $2,000 to $2,022.01, up 4.53% in 24 hours. The moves reflect renewed risk appetite and liquidity in crypto markets but remain vulnerable to rapid reversals driven by market structure and regulatory developments.
Bitcoin Nears $70,000 as Ether Tops $2,000 — A Renewed Crypto Rally Tests Market Nerves
Bitcoin briefly rose above $69,000 on 9 March, with Ether surpassing $2,000 as both tokens recorded notable daily gains. The price action reflects renewed risk appetite and possible institutional inflows, but persistent volatility and regulatory considerations mean the rally could be short‑lived.
Bitcoin Breaks $69,000 as Markets Push Crypto Back Toward Late‑2021 Highs
Bitcoin rose above $69,000 on March 9, 2026, gaining 4.84% in a single day and pushing the asset back toward its late‑2021 price area. The advance reflects renewed institutional demand and elevated market liquidity, but also heightens volatility and regulatory risk for investors.
China’s Taurine Champion Warns of More Than 50% Profit Drop as Prices and Demand Slip
Yong'an Pharmaceutical, a leading Chinese taurine producer, expects net profit for 2025 to fall between RMB 18.19m and RMB 27.05m, down more than half from the prior year. The drop reflects weaker prices and sales in the taurine market; the company plans a RMB 50m capital injection into its subsidiary to develop downstream capabilities, even as regulators issued a warning over disclosure lapses.