FB Pixel no scriptKrASIA | Decoding China's tech and business pulse
MENU
KrASIA

News

HIMA’s Level 3 autonomous vehicles hit the roads as China authorizes real-world testing

5 mins read

Pulses

ByteDance denies carmaking rumor

just now
Jiemian News
ByteDance dismissed reports that it is partnering with automakers to build cars, saying it has no such plans. Its Volcano Engine unit continues to serve major carmakers with AI and cloud technologies, including projects with Mercedes-Benz, BMW’s LingYue, and Seres on smart driving and digital services.

Nvidia expects China H200 chip orders

just now
Reuters
Nvidia CEO Jensen Huang said China is unlikely to formally approve H200 chip imports, but purchase orders will show if shipments are allowed. As the US reviews export licenses, Nvidia is ramping up H200 production to meet strong Chinese demand and projects USD 500 billion in chip sales by year's end.

TikTok Shop hits USD 100 billion GMV in 2025

just now
Sina
TikTok Shop generated nearly USD 100 billion in GMV in 2025, ranking fifth among global e-commerce platforms behind Amazon, Walmart, Shopee, and eBay. With about 400 million active consumers across 17 markets, the ByteDance-owned platform leads the industry in growth through its “interest-based” model driven by short videos and live streams.

Inx supplies solid-state battery to EHang

just now
Jiemian News
Inx Technology has supplied solid-state lithium metal batteries for EHang’s EH216 eVTOL aircraft, which completed China’s first cross-sea unmanned passenger flight. The battery delivers an energy density of 480 Wh/kg, up to twice that of mainstream aviation batteries.

Chery aims for 14% growth in 2026 sales

just now
Chery
Chery Group has announced a 2026 sales target of 3.2 million vehicles, a 14.03% increase from 2025. Its listed subsidiary, Chery Automobile, along with five affiliated brands, aims to deliver 3 million units, up 14.01% YoY.

WeRide deploys robotaxi with Nvidia’s Thor X

just now
IT Zhijia
WeRide said its GXR robotaxi is the world’s first autonomous vehicle powered by Nvidia’s Drive Thor X chip to enter fully driverless commercial service. The vehicle is already in operation in China and the UAE.

MiniMax IPO oversubscribed 1,209 times

just now
Sina
MiniMax’s Hong Kong IPO closed with margin orders exceeding HKD 253.3 billion, oversubscribed 1,209 times in the public tranche. The firm plans to raise up to HKD 4.19 billion and has secured HKD 2.72 billion from 14 cornerstone investors including Alibaba, the Abu Dhabi Investment Authority, and more.

Nvidia CEO credits DeepSeek for AI shift

just now
SCMP
Nvidia CEO Jensen Huang said at CES 2026 that DeepSeek’s reasoning models helped accelerate the global shift toward open-source AI, adding that such models are rapidly narrowing the performance gap with proprietary systems. Huang made the remarks during the launch of Nvidia’s Vera Rubin computing platform.  

Geely partners with Qianli on G-ASD

just now
The Economic Observer
At CES 2026, Geely and Qianli unveiled G-ASD (Geely Afari Smart Driving), a joint brand designed for Level 2 to Level 4 assisted driving. Built on an end-to-end architecture, the system integrates multimodal, visual-language, and reinforcement learning models to enhance automation and lessen dependence on high-precision mapping.

Baidu adds new features to Baike

just now
36Kr
Baidu Baike has introduced new features, including “dynamic” encyclopedia entries and an AI-powered “knowledge graph,” as the platform’s total number of entries surpassed 30 million. More than eight million users and 100,000 experts from institutions such as the University of Science and Technology of China and the Chinese Academy of Sciences have contributed to the encyclopedia, according to the company.  

Black Sesame chip clears US review

just now
SCMP
Black Sesame Technologies said its Huashan A2000 chip has passed reviews by relevant US authorities, clearing it for global production and sales. The seven-nanometer chip, designed for autonomous driving and robotics, reportedly delivers about ten times the performance of its predecessor. Shares in the Hong Kong–listed company rose following the announcement.

DeepSeek outlines new AI training method

just now
Bloomberg
DeepSeek has published a research paper proposing a framework designed to improve scalability and energy efficiency in AI model training. Co-authored by founder Liang Wenfeng, the paper highlights China’s drive for innovation amid US chip export restrictions. The company’s next major model, the R2, is expected to launch around February.

Xiaomi, AliExpress form global partnership

just now
IT Zhijia
Xiaomi and AliExpress have formed a strategic partnership, with Xiaomi joining the Alibaba-owned platform’s global brand expansion program. The two will collaborate on localized marketing and brand building for core products such as smartphones and TVs in key overseas markets. Xiaomi said AliExpress has become its primary global expansion platform and will receive increased investment in 2026.

RayNeo raises fresh funding, plans CES debut

just now
36Kr
RayNeo raised more than RMB 1 billion in a new funding round co-led by a China Mobile-backed fund and CITIC Goldstone, with participation from China Unicom’s innovation fund. The investment will support R&D and global expansion. The company will also debut its first eSIM-enabled AR glasses, the X3 Pro (Project eSIM), at CES 2026.

Hema reports 40% revenue growth in 2025

just now
Shanghai Observer
Hema CEO Yan Xiaolei said the company’s 2025 revenue rose more than 40% YoY, as its Freshippo and Chaohesuan NB (formerly Hema NB) formats served over 100 million consumers. The retailer entered 40 new cities and opened 200 NB stores, expanding its network to nearly 900 outlets. Alibaba’s 2025 annual report showed Hema turned profitable, with GMV exceeding RMB 75 billion.

Nio plans three new models for 2026

just now
36Kr
Nio achieved record deliveries in 2024, handing over 48,135 vehicles in December and 326,028 for the year, up 46.9% YoY. CEO William Li said in an internal letter that three new models will launch in 2026, which could include the ES9, ES7, and Onvo L80.

Baidu unit Kunlunxin files for Hong Kong IPO

just now
Baidu
Baidu has announced plans to spin off and list its chip subsidiary Kunlunxin on the main board of the Hong Kong Stock Exchange (HKEX). A confidential listing application has been submitted, with the spinoff pending HKEX and regulatory approval. Baidu said Kunlunxin will remain its subsidiary after the listing, with final terms yet to be decided.

Unitree opens first store in Beijing

just now
National Business Daily
Unitree Robotics opened its first retail store on December 31, 2025, in Beijing, allowing customers to test and purchase its humanoid and quadruped robots. The company also recently launched an app store for robot skills, reported revenue exceeding RMB 1 billion in 2024, and completed IPO counseling for a planned domestic listing.

Xpeng unveils new G7 and P7+

just now
iFeng Technology
Xpeng is set to launch a range-extended edition of its G7 SUV and the 2026 version of its P7+, marking the start of its new product cycle. The G7 offers up to 1,704 kilometers of range, including 430 kilometers on pure electric power, while the P7+ sedan reaches up to 1,550 kilometers. Both models feature Xpeng’s 800V and 5C fast-charging platform along with advanced noise and energy management systems.

NetEase’s Ding Yingfeng to step down

just now
36Kr
NetEase announced that executive vice president and interactive entertainment head Ding Yingfeng will retire on December 31, 2025. He will remain as an adviser, with CEO William Ding praising his leadership and contributions to the company’s game portfolio and development capabilities.
See All

Icon for Editor’s PicksEditor’s Picks

Features

The world’s supply chains are splitting, but this expert says that may not be a bad thing

As globalization fractures, Hau Leung Lee argues that sustainability and regional resilience should replace efficiency as trade’s guiding principles.

7 mins read
  • News

    Li Auto joins China’s tech giants in the AI glasses race with Livis

    5 mins read

Venture RoundupVenture Roundup

  • News

    Deals in brief: Pyxis hits first close of SGD 18 million round, BBVA leads Olea’s Series A funding, latest China investments, and more

    5 mins read
    • See All

    Automaker InsightsAutomaker Insights

    • See All

    Retail and CommerceRetail and Commerce

    • See All

    Icon for Casual ChroniclesCasual Chronicles

    100 AI Creators100 AI Creators

    • See All