Business Observer

A keen observer analyzes the latest business and tech trends shaping China and the world.

[Business Observer @BizObservation]

China's COVID-19 positivity rate continued its upward trend, reaching 20.3% and topping all monitored respiratory pathogens, according to the latest Chinese CDC surveillance report released on July 30.

[Business Observer @BizObservation]

China's A-share market is reportedly nearing bear market territory, with the benchmark index falling nearly 20% in just a week, showing no signs of recovery. The decline continued on Friday, when the country held a major AI forum, with the market plunging more than 3% in a day.

[Business Observer @BizObservation]

China's A-share market has been sliding for two weeks, with the benchmark index falling from 4,000 to 3,764 in one week. AI and tech stocks, which had led the rally, have also led the selloff. On Fri, despite the opening of a national AI forum, the market plunged more than 3%.

[Business Observer @BizObservation]

The Industrial and Commercial Bank of China became the first bank in the world to cross the 50 trillion yuan mark in 2025, with total assets reaching 53.48 trillion yuan (about $7.74 trillion).

[Business Observer @BizObservation]

World’s first mobile #OpenClaw-style app, Red Finger Operator, launched by Baidu today, lets users chat to control apps for tickets, rides. After OpenClaw went viral in China, adoption and media buzz grew, with local govts promoting it while authorities warned of security risks.

[Business Observer @BizObservation]

#Nvidia plans to invest $26B over the next five years in open-source #AI large models, according to filings with the US SEC. The sum far exceeds $3B spent by #OpenAI to train GPT-4, and signals Nvidia’s shift from a chipmaker to a full-stack AI powerhouse.

[Business Observer @BizObservation]

OpenAI’s partnership with the U.S. military sparks user backlash: #ChatGPT uninstallations surge 295%, one-star reviews jump 775%.

[Business Observer @BizObservation]

China’s Jiangxi Copper will acquire UK-based miner SolGold in an all-cash £867 million deal, securing one of the world’s largest undeveloped copper deposits. The acquisition scheme was approved following a UK court hearing and is expected to become effective on March 4.

[Business Observer @BizObservation]

China’s Foreign Ministry just confirmed that a Chinese national in Tehran was killed in the conflict.

[Business Observer @BizObservation]

Poll suggests only quarter of Americans support attacks on #Iran. Reuters Ipsos poll has found only that one in four respondents approve of the US-Israeli attacks on Iran.
Some 43% of respondents said they disapproved of the war, and another 29 percent said they were unsure.

[Business Observer @BizObservation]

Ali Hosseini Khamenei, the Supreme Leader of #Iran, was killed in a bomb strike: report

[Business Observer @BizObservation]

Masoud Pezeshkian, the president of Iran, reportedly went missing amid explosions and military strikes around Tehran during ongoing US-Israeli operations.

[Business Observer @BizObservation]

China officially announced today that it will impose a 5.9% anti-dumping duty on #canola imports from #Canada, effective March 1 for five years. The move is expected to ease pressure on the domestic industry and support its stable development.

[Business Observer @BizObservation]

#Nvidia is preparing to launch a dedicated chip aimed at reshaping the competitive landscape of artificial intelligence computing, sources said. #OpenAI is set to become one of the largest customers for Nvidia’s new processor.

[Business Observer @BizObservation]

This video was entirely made by AI—it's incredible. Hollywood might need to rethink jobs, because now, instead of spending millions, anyone can create a high-quality, fancy movie for just a few bucks, anytime.

[Business Observer @BizObservation]

A leak at a Shanghai Metro construction site reportedly affected part of a tower. A netizen’s video captured the scene. So far, no casualties have been reported, and further details await official confirmation.

[Business Observer @BizObservation]

World’s first #AI-powered urban sustainability satellite “CUHK-1” launched by China near Yangjiang, Guangdong. Part of “One Rocket, Seven Satellites,” it merges high-res Earth observation with AI—bringing a big model to space and advancing intelligent remote sensing. #ChinaSpace

[Business Observer @BizObservation]

Bill Gates visited China again after an absence of two and a half years. On the evening of February 11, he unexpectedly appeared in Zhangjiang, Shanghai, to attend a health event titled “Action Creates Hope.” This visit marks his first trip to China since June 2023.

[Business Observer @BizObservation]

China’s TianGuan satellite has captured a rare black hole “feeding” event. Astronomers say a bright, rapidly changing X-ray source (EP250702a/GRB 250702B) likely came from an intermediate-mass black hole swallowing a white dwarf — the first such direct observation if confirmed.

[Business Observer @BizObservation]

World’s first zero-carbon airport has been completed in Ordos, Inner Mongolia. Ordos Ejin Horo International Airport now runs its terminal buildings on 100% zero-carbon energy, cutting annual carbon emissions by more than 10,000 tons, local authorities say.