Business News
Latest business news and updates
Total: 749
A Fall from Grace: How a Bitter Fight Over Huiyuan Juice Has Left Jiang Zhaobai’s Listed Empire Hanging On
A violent ownership dispute over Beijing Huiyuan has derailed a planned asset injection into Guozhong Water and triggered large impairments that put the company at risk of *ST designation and possible delisting. The turmoil exposes broader weaknesses in the Pengxin group controlled by Jiang Zhaobai — from disputed mining acquisitions and unmet performance guarantees to heavy share pledges and governance lapses — and raises questions about recoverability for creditors and minority shareholders.
Chinese Game Studios Pay Year‑End Bonuses in Gold as Industry Rebounds
A wave of Chinese game companies handed employees gold as year‑end bonuses, reflecting the sector’s recovery and high bullion prices. Firms use gold gifts as both a tangible reward and a public recruiting tool, though the gestures are partly symbolic and hinge on continued financial improvement.
Meituan’s $717m Bet on Instant Grocery and Alibaba’s Qwen Rebrand Signal a New Phase of Consolidation and Commercialisation in China’s Tech Sector
Meituan has agreed to buy Dingdong Maicai’s China business for roughly $717 million, underscoring consolidation in the instant grocery market now that some players report improving profitability. Alibaba has unified its large-model family under the 千问/Qwen brand to clarify its AI offering and accelerate commercial deployment, reflecting a broader shift from technology race to ecosystem competition.
Bitcoin Sinks Below $65,000 as Leverage Unwinds and Selling Accelerates
Bitcoin fell below $65,000 as leveraged positions were forcibly closed and market turbulence accelerated a four‑month sell‑off. The drop, roughly half from October’s highs above $126,000, highlights structural risks from concentrated leverage and raises questions about liquidity and regulatory safeguards in crypto markets.
Markets Recoil: Silver Plunges, Crypto Halves from Peak as Exchanges Tighten Margins; Meituan Buys Dingdong Amid Beijing’s Regulatory Sweep
A sharp cross-asset sell-off saw silver tumble over 20% and bitcoin drop below $65,000, prompting exchanges to raise margin requirements. The turmoil coincided with geopolitical tensions as US and Iranian delegations prepared to meet in Oman, and with Chinese domestic moves including Meituan’s planned purchase of Dingdong and regulatory action against a financial influencer.
Bitcoin Plummets Below $65,000 as Leverage-Unwind Sparks Fresh Crypto Rout
Bitcoin tumbled below $65,000 on 6 February amid a rapid unwind of leveraged positions, dragging ether down more than 15% to multi-month lows. The sell-off — part of a four-month correction that has erased nearly half of bitcoin’s October peak — highlights persistent leverage and liquidity fragilities in crypto markets and raises the prospect of wider market and regulatory consequences.
Silver Flash Crash Exposes Retail Frenzy and Margin Risk in a Roaring Commodities Rally
A January 31 silver flash crash and a concurrent gold tumble revealed how buoyant retail buying, speculative leverage and procyclical margining combined to produce a sudden market collapse. The episode wrenched through global and Chinese futures markets, exposing structural vulnerabilities in the link between physical and paper metal markets and leaving silver’s near‑term path particularly uncertain.
Platforms Bolt the Door: China Permanently Bans Finance Influencer in Crackdown on Off‑Channel Fund Sales
Ant Fortune and Douyin permanently banned a popular finance influencer known as “Little Sheep” for alleged illegal fund sales, following an earlier muted suspension on another platform. The action highlights Beijing’s stepped‑up enforcement over online fund distribution and signals stricter platform responsibility for financial promotions.
Bitcoin Sinks Below $67,000 in a Sudden 24‑Hour Sell-Off
Bitcoin plunged to about $66,928 on 5 February, falling more than 10% in 24 hours and breaching the $67,000 level. The move highlights the market's sensitivity to liquidity squeezes and broader risk‑off sentiment and raises questions about how durable recent gains are.
Infineon hikes prices on select chips from April 1 — a fresh squeeze on auto and electronics supply chains
Infineon has announced a price increase for some of its semiconductor products effective April 1. The move is likely to raise costs for automotive and electronics manufacturers, prompting sourcing and inventory adjustments and adding impetus to domestic chip localisation efforts in China.
Bitcoin Slides Below $68,000 as Crypto Markets Face Fresh Volatility
Bitcoin fell to $67,995.90 on 5 February 2026, down 8.86% in 24 hours, slipping under the psychological $68,000 level. The drop highlights crypto’s continued susceptibility to rapid sentiment changes and raises questions about liquidity, leverage and bitcoin’s evolving relationship with traditional risk assets.
Bestore’s Balance‑Sheet Blind Spot: How an Overleveraged Controlling Shareholder Deepens the Snack Chain’s Turnaround Challenge
Bestore disclosed that its controlling shareholder, Ningbo Hanyi, faces court execution over about RMB 280 million of overdue trust debt, putting a large block of pledged shares at risk. The company is also reporting a sizable 2025 loss after continued store closures and margin pressure, while prior plans to bring in strategic investors failed to materialize.