Business News
Latest business news and updates
Total: 749
Wang Sicong Moves Into Restaurants and Beauty as Investment Vehicle Grapples with Asset Auctions
Wang Sicong has registered a new Beijing catering-management company and made several small lifestyle investments as his flagship investment vehicle, Pusi, faces asset auctions and enforcement actions. The moves reflect a strategic shift toward consumer services amid funding stress in China’s entertainment and content sectors and signal a low-cost testing approach rather than a major new expansion.
Adani Pledges $100bn for Renewable‑Powered AI Data Centres — A Bet on India’s Green Cloud Future
Adani Group announced a $100 billion investment through 2035 to build AI‑optimised data centres powered by renewable energy, one of India’s largest private digital‑infrastructure pledges. The plan aims to meet surging demand for AI compute while reducing carbon intensity, but realization will depend on financing, grid upgrades, storage and supply‑chain partnerships.
Corporate Bitcoin Bet Deepens: Strategy Buys 2,486 BTC, Now Holding 717,131 Coins
A firm reported buying 2,486 bitcoins for about $168.4 million, bringing its holdings to 717,131 BTC with a total spend of roughly $54.52 billion and an average cost of $76,027 per coin. The move underscores growing corporate adoption of bitcoin but raises questions about market concentration, accounting, and financing risks.
Chinese Regulators Summon Six Travel Platforms Over Misleading Loan Sales, Seek Tighter Consumer Protections
China's financial regulators jointly summoned six travel platforms over problematic practices in selling loan products through partner lenders, demanding clearer disclosures, bans on misleading marketing, and better complaint handling. The move is part of a broader regulatory focus on risks from embedded finance and aims to protect consumers while forcing platforms and their lending partners to tighten compliance.
Qianwen Pushes From Chat to Checkout with Daily 'First-Order' Discount
Qianwen has launched a 'daily first-order' discount that gives users reduced prices — as low as RMB 3.8 — when they place orders via its one-sentence AI ordering feature, and those discounts can be combined with promotions on major platforms like Taobao, Fliggy and Damai. The move is designed to convert AI-driven interactions into frequent commercial transactions, accelerating Qianwen's shift from research project to consumer-facing commerce channel.
Maxscend Executive’s Divorce Transfers Nearly Rmb1.3bn in Stock but Control Remains Intact
Maxscend’s co‑controller Xu Zhihan has transferred 17.15m shares (about Rmb1.3bn at current prices) to his ex‑wife as part of a divorce settlement. The transfer was registry‑based, includes caps on annual disposals, and does not change the company’s controlling block due to existing voting agreements. The move coincides with a weak earnings outlook as the company shifts toward a Fab‑Lite model.
Beijing Pumps Rmb62.5bn into Spring Festival Stimulus, Turning Smart Gadgets Into This Year’s Must‑Buy
China has launched a Rmb62.5 billion Spring Festival subsidy program that prioritises trade‑ins for affordable smart devices, offering consumers 15% rebates up to Rmb500 on phones, tablets and wearables priced under Rmb6,000. The measures aim to stimulate near‑term spending while accelerating mass adoption of connected hardware, benefiting mid‑range manufacturers and related supply chains.
Fund Managers Turn Most Bearish on Dollar in a Decade as Trump's Volatility and Fed Uncertainty Bite
Fund managers have become the most bearish on the US dollar in over a decade, driven by political unpredictability under President Trump and expectations of Fed rate cuts. Large institutional investors are cutting or hedging dollar exposure, pushing derivatives indicators to extremes and raising the prospect of broader capital flows away from US assets.
RMB180m in Bonuses and a Mountain of Cash: How a Henan Crane Maker Rewrote the Rules on Pay
Henan Mining Crane Co. distributed RMB60m in cash at an annual meeting and RMB180m in total year‑end bonuses, equal to two‑thirds of 2025 net profit, benefiting over 7,000 employees. The move—driven by majority owner Cui Peijun and paired with commission‑heavy incentive structures and labour‑sensitive policies—highlights a pragmatic approach to retention and productivity amid broader cost‑cutting in Chinese manufacturing.
China’s New Year’s Eve Moves Online: Delivery Platforms Vie for Dinner Orders as Profitability Sours
China’s major delivery platforms have turned Lunar New Year’s Eve meals into a strategic instant-retail scenario, each adopting different approaches: JD focuses on quality and service, Taobao on targeted subsidies, and Meituan on steady platform integration. Operational improvements and riders’ willingness to work through the holiday are underpinning a permanent expansion of festival delivery, even as profitability pressures force more nuanced competition.
Precious Metals Slide: Spot Gold Drops Below $5,000 as Silver Falls Over 2%
Spot gold fell below $5,000 per ounce and silver dropped over 2% as a firmer dollar, rising real yields and softer post-holiday physical demand in Asia weighed on prices. The move underscores how macroeconomic data and monetary policy expectations, rather than safe-haven flows alone, are dominating precious-metals markets.
Before the Lunar New Year, Beijing's Home-Help Market Booms — Yet Workers Remain Scarce
Ahead of the Lunar New Year, Beijing is seeing a surge in demand for domestic services that has driven up wages and exposed a shortage of workers. Platforms and provincial governments are stepping in with mass recruitment, training and subsidies to stabilise supply for the holiday peak.