Business News
Latest business news and updates
Total: 749
Anhui’s Jinzhongzi Struggles to Recover as Five-Year Loss Streak Deepens
Jinzhongzi, an Anhui-based baijiu maker, has forecast a 2025 net loss of RMB 150–190 million, marking its fifth consecutive year in the red. Heavy dependence on low-end products and Anhui sales, combined with a prolonged leadership vacancy despite a 2022 mixed-ownership reform with China Resources, have left the company struggling to adapt to industry premiumisation and channel shift.
Moutai Rally: Shares Jump as 'Feitian' Bottles Tighten Ahead of Lunar New Year
Kweichow Moutai shares jumped over 7% as prices for its Feitian bottles rose ahead of the Lunar New Year. The move appears driven by retailers’ pre‑holiday stocking and Moutai’s deliberate allocation strategy rather than a sudden surge in consumer demand.
Rotation to Liquor and Property Sends Mixed Signals as Commodities and Long Bonds Surge
China’s stock market posted a narrow gain on the Shanghai Composite as intense sector rotation lifted liquor, real estate, metals and oil names while technology chips lagged. Heavy turnover and divergent leadership, coupled with a concurrent rise in commodities and long-dated bond strength, point to rising structural volatility and mixed signals about liquidity and inflation expectations.
China’s Auto Ambition: EVs Propel a Drive Toward 50 Million Cars a Year
Cui Dongshu of the China Passenger Car Association projects China’s auto industry could reach 50 million annual vehicle sales as NEVs surge at home and in export markets. Strong BEV uptake, rapid technological progress and booming exports underpin the forecast, but uneven industry adaptation and margin pressure pose risks.
Toyota Extends Lead as Global No.1; Volkswagen Stumbles and Chinese Brands Surge
Toyota retained the world sales crown in 2025 with more than 11.3 million vehicles, extending a lead of about 2.3 million units over Volkswagen Group. Toyota’s growth, steady China performance and hybrid strength contrast with Volkswagen’s China slump and management restructuring, while BYD and Geely’s rapid rises signal a reordering of the global auto landscape.
Xiaomi’s SU7 Gets Its First Facelift — A Test of Whether the EV Hype Can Become Durable Growth
Xiaomi is refreshing the SU7 sedan 21 months after its launch, raising prices slightly while adding advanced sensors and compute to catch up with rivals. The facelift reflects a strategic shift from single‑model blitzes to a broader, systemised approach amid internal product cannibalisation, production mismatches and a more discerning Chinese EV market.
China’s Commercial Space Push: From Small‑Body Prospecting to ‘Space+’ Business Models
China’s commercial space sector is shifting focus to small‑body resource prospecting and technologies that enable in‑space resource use, with private firms and state policy aligning to develop new “space+” business models. Success will hinge on technical demonstrations, regulatory clarity and the creation of downstream markets such as propellant supply, in‑orbit services and space tourism.
Beijing Moves to End ‘Involution’ in Solar Industry, Prioritising Order Over Price Wars
China’s MIIT convened PV industry leaders on 28 January to curb destructive “involution” in the solar sector, proposing coordinated market and legal measures — from capacity control to price enforcement — and urging the industry association to boost self‑discipline. The initiative aims to stabilise margins, improve quality and reduce trade frictions, but could cause short‑term supply tightness and higher module prices.
Once China's No.1 Baby-Formula Brand, Beingmate Stumbles Under Quality Complaints and a Dual Debt Crisis
Beingmate, once a leading domestic infant-formula brand in China, is battling repeated product-quality complaints, labour disputes and a severe liquidity crunch that is mirrored at its controlling shareholder. Coupled with regulatory warnings over accounting and opaque ESG disclosure, the company faces urgent operational and financial fixes to avoid restructuring, takeover, or deeper reputational damage.
From Flagship Showroom to Bankruptcy Office: The Fall of Baolide, Once East China's Biggest Luxury Dealer
Baolide, once East China’s largest private luxury‑car dealer and a Mercedes‑Benz flagship franchise in Hangzhou, has been largely vacated and is in formal bankruptcy proceedings. Courts accepted its insolvency filing in 2025 and appointed administrators; showrooms are locked and vehicles bear enforcement notices, raising questions about dealer financing, customer protection and channel stability for foreign automakers in China.
Mixed A‑share Open as Commodities Lead Early Gains
A‑share markets opened mixed on January 29 with the Shanghai Composite up modestly while Shenzhen and ChiNext edged lower. Non‑ferrous metals and oil & gas led sector gains as commodity strength and resource ETF inflows drove selective buying, leaving the broader market in a cautious stance.
China’s Provincial Scorecard 2025: Tibet’s Surge, Coastal Giants Slow and the Interior’s Investment Gamble
China’s 2025 provincial GDP results reveal a polarized regional economy: Tibet topped growth through heavy investment and a low base, a set of provinces consolidated high growth and scale, while several established and resource-heavy regions lagged. The figures highlight rising concentration among top provinces, persistent dependence on investment in parts of the interior, and continuing structural challenges in the northeast and energy provinces.