Business News
Latest business news and updates
Total: 749
Appliance Champion Robam Bets on Robot Chefs as Core Business Stalls
Robam has proposed a RMB100 million investment in YouTe Zhichu, a commercial smart‑cooking robot company, aiming to pivot away from slowing range‑hood and gas‑stove sales. The move targets institutional kitchens and leverages YouTe's patent portfolio, but success hinges on sustained R&D, integration challenges and wider macro headwinds in China's appliance market.
Chinese AI-GPU Maker Reports Revenue Surge but Still Posts Large Loss; Losses Narrow in 2025 Forecast
Muxi Co. forecasts 2025 revenue of 1.6–1.7 billion yuan, more than doubling year‑on‑year, while predicting a narrowed net loss of 650–798 million yuan versus a 1.409 billion yuan loss in the prior year. The company attributes improvement to stronger GPU sales, AI integration with industry customers, and lower share‑based compensation.
Richard Liu’s Autonomous Convoy Brings New‑Year Goods to His Home Village — and a Showcase for JD’s Rural Logistics
Richard Liu organised a high‑profile delivery of New Year goods to his home village in Suqian led by JD’s sixth‑generation autonomous “Independent Wolf” vehicles. The event doubled as both a charitable distribution and a live demonstration of JD’s rural last‑mile logistics capabilities, underscoring the commercial and political stakes of scaling autonomous delivery in challenging rural environments.
CATL and Yunnan Forge Strategic Pact to Turn Provincial Minerals into Battery Value Chain
Yunnan province and CATL signed a strategic cooperation agreement to develop battery manufacturing, zero‑carbon industrial parks and transport electrification, with CATL promising to convert local mineral resources into higher‑value products. The deal advances provincial industrial upgrading and CATL’s upstream integration strategy, but its benefits depend on effective execution and environmental oversight.
China's Small‑Cap Tech Gauge Rebounds as Chip Suppliers and Gold Miners Lead Narrow Market Rally
China's stock market closed higher on Tuesday with ChiNext leading gains, powered by sharp rallies in chip‑supply and gold‑miner stocks. However, the advance was narrow and accompanied by falling turnover and broad stock declines, signalling cautious participation and sector rotation rather than broad buying.
Hong Kong Stocks Tick Up as Chip Names Rally and Gold Miners Split the Field
Hong Kong markets rose on Tuesday with the Hang Seng up 1.35% and the Hang Seng TECH up 0.5%, driven by gains in semiconductor stocks. Gold miners showed wide divergence, with some names surging while others fell, reflecting company-specific factors amid a broader rally in bullion prices.
Shenzhen’s Nanshan Reaches 1 Trillion Yuan — China’s First District to Hit City‑Scale GDP
Shenzhen’s Nanshan district surpassed 1 trillion yuan in GDP in 2025, the first sub‑city district in China to do so. The milestone reflects heavy concentration in software, internet and advanced manufacturing clusters, but also highlights risks from industry concentration, limited land, and external tech‑trade pressures.
Silver Spike and Semiconductor Gains Meet Market Reform and a 35.6‑Tesla Breakthrough: China’s Daily Economic Pulse
Spot silver surged above $113/oz and Shanghai silver futures jumped over 7% as investors priced a mix of rate‑cut hopes, geopolitical safe‑haven demand, and industrial appetite from renewables. That market heat sat alongside structural shifts — electricity‑market liberalization, a national livestreaming standard, and a 35.6‑tesla superconducting magnet — that collectively underscore China’s simultaneous push for market discipline and technological self‑reliance.
Guangdong Keeps China’s Economic Crown — but the Next Leap Will Be Harder
Guangdong maintained its position as China’s largest provincial economy in 2025, driven by strong foreign trade, rapid expansion of high‑tech manufacturing and sustained R&D investment. The province plans to target 4.5%–5% GDP growth in 2026 while pivoting into new sectors such as the low‑altitude economy, but faces headwinds from SME digitalisation gaps and modest fiscal revenue growth.
China’s “Sex‑IQ” Industry: How a Viral Influencer Turned Seduction into a 24m‑RMB Business — and Then Disappeared
A Chinese influencer monetised viral seductive tutorials into a profitable “sex‑IQ” education business that reportedly earned over 24 million yuan through tiered online and offline courses before her verified account was banned. The episode highlights how the knowledge‑payment market monetises intimate anxieties, blurring lines between empowerment and exploitation and posing fresh challenges for platforms and regulators.
How China’s Gen Z Is Rewiring Lunar New Year Spending — From Digital Red Packets to Pet Gift Boxes
China’s Generation Z is transforming Lunar New Year consumption from bulk, family‑oriented shopping into personalised, social and digital rituals. Micro‑paid digital items, pet‑focused gifts, experience tourism and DIY gold‑making exemplify a broader shift toward emotional and social value over material abundance.
Can AI Rescue China’s KTV? Gamified Scoring and Synthetic MVs Reboot an Old Nightlife
China’s KTV chains are investing heavily in AI to revive a flagging industry: real-time scoring, AI coaching and synthetic music videos aim to attract younger customers and cut costs. The result is a commercial uptick driven by gamified rewards, but also a cultural clash as cold metrics and monetised fixes collide with the convivial, emotional core of karaoke.