Business News
Latest business news and updates
Total: 749
Chinese Menswear Group Denies Buying Robots from Jack Technology, Quelling Market Rumours
Baoxinio issued a concise investor statement denying that it has purchased robots from Jack Technology, pushing back against circulating market rumours. The clarification illustrates how automation hype and social-media chatter can prompt listed firms to make rapid disclosures to steady investor sentiment. The denial does not preclude future automation projects; it mainly aims to correct the public record and limit speculative market moves.
iPhone 17 Supercycle Fuels Record Quarter — but AI‑Driven Chip Squeeze Puts Margins at Risk
Apple reported a record fiscal Q1 driven by iPhone 17 sales and a services business that exceeded $30 billion in a single quarter. Strong results mask strategic challenges: surging memory prices driven by AI infrastructure demand threaten gross margins, even as Apple pursues a device‑centric AI strategy built around partnerships and selective acquisitions.
Former Huawei and Li Auto Executive Joins Avita as Vice‑President to Lead Marketing and Product Operations
Sun Baigong, who has held senior roles at Huawei and Li Auto, has been appointed vice‑president of Avita Technology to lead marketing and product operations. The hire underscores Avita’s focus on commercialisation and reflects a wider trend of consumer‑tech executives moving into China’s EV sector.
Mercedes Reboots the S‑Class — Physical Luxury Meets Software Ambition as Nvidia Joins an L4 Push
Mercedes’s refreshed S‑Class combines traditional luxury cues — physical controls and enhanced passive safety — with a new MB.OS software backbone and AI‑driven features. A publicised partnership with Nvidia to pursue Level‑4 autonomy underscores the company’s strategy to reclaim vehicle control through software while preserving high‑margin, bespoke hardware offerings.
Bitcoin Slips Below $86,000 as Intraday Sell-Off Shakes Crypto Rally
Bitcoin dipped below $86,000 on January 29, falling roughly 4% in a single session. The decline highlights enduring volatility in crypto markets and the sensitivity of bitcoin’s price to leverage, flows and shifting macro sentiment.
Ai Hype, Real Losses: Megmeet’s Stock Soars While Profit Plummets as It Reinvests for AI Power Supplies
Megmeet, a Chinese power-electronics supplier, reported a sharp fall in 2025 profits as margins compressed and R&D spending surged, yet its shares have soared on hopes that new AI server power-supply business will deliver blockbuster revenue. The company has raised fresh equity to finance R&D and capacity expansion and is counted among suppliers to Nvidia’s GB200 rack project, but execution and certification risks make its future performance highly uncertain.
China Signals Boost for Services: State Council Expands Financial Support and Loan-Interest Subsidies to Drive Consumption
Beijing has launched a comprehensive plan to cultivate new service-sector consumption drivers and to optimise loan-interest subsidies for service businesses. The package pairs sectoral pilots — from rail-tourism to home-care and ultra-high-definition video — with stronger fiscal and financial support, aiming to boost domestic demand and create jobs while exposing implementation and credit-risk challenges.
Shanghai Bets on a ‘Rocket Star City’ in Minhang to Forge a RMB100 billion Commercial Space Hub
Shanghai has announced plans to build a 9.3 km2 commercial-space cluster in Minhang—“Rocket Star City”—aiming to establish a full reusable-rocket industry chain and annual capacities of up to 150 rockets and 500 satellites by 2030, targeting roughly RMB100 billion in industry output. The initiative accelerates China’s push to industrialise commercial space but faces constraints around launch access, regulation and workforce scaling.
Tesla’s Pivot: From Carmaker in Retreat to AI Bet Worth $1.4tn — Can the Math Add Up?
Tesla’s 2025 results expose a company at a crossroads: vehicle deliveries and automotive margins have declined while investors have re‑priced the firm around an AI and energy future. Energy storage is the clearest near‑term bright spot, but Robotaxi, FSD and Optimus remain high‑risk, long‑dated bets whose commercial payoff will decide whether Tesla’s trillion‑dollar valuation is justified.
Gold Nears $5,600 as Metals Rally Signals a Shift in Risk, Reserve Strategy and Inflation Fears
Gold and other metals have surged sharply this week, with gold approaching $5,600/oz and major base and precious metals hitting record highs in China. The rally is being driven by heightened geopolitical risk, expectations of Federal Reserve easing, record central-bank buying and structural supply tightness, particularly for silver.
Gold’s Rally Rewrites the Script: Why $5,500 Is Just the Beginning
Spot gold surged past $5,500 an ounce after the Fed held rates, as markets priced a dovish pivot, central-bank buying persisted and political risks to Fed independence rose. Technical forces and ETF flows amplified the move, leaving bullion supported but likely to remain volatile through 2026.
Gold Above $5,000 Reprices Miners — Chinese Producers Ride a Historic Rally but Faces Risks
A historic surge in gold prices above $5,000 an ounce has repriced mining stocks, particularly Chinese producers, which are reporting large profit upgrades for 2025 driven by higher prices, modest production gains and efficiency improvements. Major banks and wealth managers have lifted price targets further, while analysts caution that central-bank buying and ETF flows underpin the rally even as macro risks could prompt sharp corrections.