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

News

Li Auto ends 2025 on a steady note, but turnaround remains in progress

4 mins read

Pulses

Cambricon swings to RMB 2 billion profit

just now
SCMP
Cambricon reported its first full-year profit since listing, posting 2025 net profit of about RMB 2 billion, and proposed a maiden dividend of RMB 15 per ten shares totaling over RMB 632 million. Including a RMB 20 million share buyback, the RMB 652 million payout represents nearly one-third of its annual earnings, pending shareholder approval.

Zhangjiang Hi-Tech doubles revenue in 2025

just now
36Kr
Zhangjiang Hi-Tech Park Development reported 2025 revenue of RMB 4.19 billion, up 111.22% YoY, while net profit attributable to shareholders rose 0.3% to RMB 985 million. Basic earnings per share declined 3.17% YoY to RMB 0.61, according to its annual results.

Futu profit jumps 102% in 2025

just now
36Kr
Futu Holdings reported Q4 revenue of HKD 6.44 billion, up 45.3% YoY, with non-GAAP net profit rising 77% to HKD 3.46 billion. For 2025, revenue increased 68.1% to HKD 22.85 billion, while non-GAAP net profit surged 101.9% to HKD 11.65 billion.

Youzan revenue up 3% in 2025

just now
36Kr
Youzan reported 2025 revenue of RMB 1.49 billion, up 3% YoY, with merchant solutions revenue rising 9% to RMB 710 million and subscription solutions revenue at RMB 770 million. Annual merchant ARPU increased 9% to RMB 28,159. GMV generated through its platform totaled RMB 103 billion, more than half of which (RMB 53.7 billion) came from its store SaaS business.

Hong Kong to launch five-year plan

just now
Nikkei Asia
Hong Kong will craft its first five-year economic plan for 2026–2030 to align with China’s 15th five-year plan, Chief Executive John Lee said, with a draft due by year's end. The blueprint aims to cement the city’s role as an international finance hub and deepen integration with the mainland, including fundraising support for technology and industrial development.

Thai used car dealers shut in droves

just now
Nikkei Asia
Thailand’s secondhand car market shrank 22% from 2023 to 317,000 vehicles in 2025, as 1,009 dealerships closed or went bankrupt between 2023–2025, according to Krungthai Bank. High household debt and tighter auto lending curbed demand, while rising repossessions and low-priced Chinese EVs increased supply and pressured prices.

Yann LeCun startup raises USD 1 billion

just now
The Straits Times
AMI Labs, founded by former Meta chief AI scientist Yann LeCun, has raised USD 1.03 billion in a seed round valuing it at USD 3.5 billion. Backers include Temasek, Sea, Cathay Innovation, Bezos Expeditions, Nvidia, and Mark Cuban. The startup is developing vision-based “world models” designed to build safer, more controllable AI systems that predict real-world dynamics.

Cainiao to build robot warehouses

just now
IT Zhijia
Cainiao said it will build a large network of robotic warehouses in Hong Kong, the Netherlands, Spain, France, Germany, and the US by 2026 to support local fulfillment for cross-border e-commerce platforms and merchants. The sites will use its self-developed warehouse robots and AI scheduling systems, as it seeks to expand next- and two-day delivery coverage.

ByteDance hires former Qwen lead

just now
Sina
Yu Bowen, former post-training lead for Qwen at Alibaba’s Tongyi Lab, has reportedly joined ByteDance to oversee post-training for visual models and multimodal interaction on its Seed team. The move marks his first confirmed role since leaving Alibaba in early March. ByteDance had not responded to inquiries as of press time.

Laopu Gold forecasts profit surge

just now
36Kr
Laopu Gold expects 2025 net profit to rise 226–233% YoY to RMB 4.8–4.9 billion, with revenue projected at RMB 27–28 billion, up 217–229%. Tax-inclusive sales are forecast at RMB 31–32 billion, more than tripling from 2024.

Oracle discloses TikTok stake

just now
CNBC
Oracle has disclosed a roughly USD 2 billion stake in TikTok's US joint venture, recording USD 2.2 billion in non-marketable investments for the quarter ended February 28. The company owns 15% of the venture, formed after ByteDance divested its US operations under a 2024 national security law.

Flipkart starts IPO bank talks

just now
Bloomberg
Flipkart is set to begin a formal process in April to appoint banks for a potential Mumbai IPO, according to people familiar with the matter. The Walmart-backed company could list later this year or in early 2027, with proceeds aimed at expansion and a likely secondary share sale by existing investors.

China car sales fall 15% in February

just now
Nikkei Asia
China’s wholesale car sales fell 15% in February, as domestic sales plunged 34% to 950,000 vehicles, according to the China Association of Automobile Manufacturers. Exports rose 58% to about 590,000 units. The decline reflected fewer business days due to the Lunar New Year, the end of an EV tax break, and lower trade-in subsidies.

Li Auto CEO mulls share buyback

just now
21st Century Business Herald
Li Auto CEO Li Xiang is considering a potential buyback of the company’s Hong Kong-listed shares, with details still under discussion. The deliberations come after a slump in its stock price and a 19% YoY decline in 2025 deliveries, missing internal targets.

KE denies Beihaojia layoff report

just now
Jiemian News
KE Holdings’ property development arm Beihaojia has denied reports of a 35% staff reduction and a senior executive’s departure, calling the claims false. The clarification follows scrutiny of its expansion into development, including sales at two self-operated projects. Beihaojia said it is focusing on a light-asset, data-driven C2M model, with 16 cooperative projects underway.

Wallace operator delists from NEEQ

just now
21st Century Business Herald
Huashi Food has delisted from China’s National Equities Exchange and Quotations, with trading ending February 12. The Wallace operator said the move will improve decision-making efficiency and reduce compliance costs. The company raised RMB 10 million during its listing, as revenue growth slowed in recent years.

China issues OpenClaw warning

just now
SCMP
China's National Vulnerability Database has issued security guidelines for agentic AI tool OpenClaw, warning against outdated versions, internet exposure, and excessive permissions. The advisory outlines six recommended practices and flags risks including prompt injection and unauthorized file access, marking its second alert on the software since February.

Banks drop Semi-Tech IPO roles

just now
Bloomberg
CITIC Securities and China Securities International have withdrawn as overall coordinators of Semi-Tech Group's Hong Kong IPO due to staffing constraints, according to people familiar with the matter. The move underscores pressure on banks as listings rebound, with over 400 companies in the pipeline. Semi-Tech aims to raise up to USD 200 million.

Singtel to lease Agibot robots

just now
Agibot
Singtel and Agibot have entered a partnership to deploy embodied AI robots over Singtel's advanced network infrastructure. The deal marks Agibot’s first telecom operator tie-up outside China and will allow customers in Singapore to lease its robots via Singtel, targeting retail and other commercial use cases.

India eases FDI curbs

just now
Nikkei Asia
India has eased investment restrictions on countries sharing a land border, including China, allowing up to 10% beneficial ownership under the automatic route and setting a 60-day approval timeline for sectors such as electronics and polysilicon. The rules replace tighter 2020 curbs introduced after border tensions.
See All

Big TechBig Tech

  • News

    Dreame unveils Chixiao 01 smartphone processor among five new chip initiatives

    3 mins read
    • See All

    AutomotivesAutomotives

    • The Chinese automaker has taken risk and acted fast in expanding beyond its home market.

      News

      BYD redraws global EV map, overtaking Tesla in 20 markets

      4 mins read

    Retail and CommerceRetail and Commerce

    Market NewsMarket News

    • See All

    Listings (IPO)Listings (IPO)

    • See All

    Earnings ReportsEarnings Reports

    • See All

    Icon for Editor’s PicksEditor’s Picks

    Features

    After this year’s gala spectacle, where is Unitree Robotics headed?

    Founder Wang Xingxing reflects on deploying robots at the Lunar New Year gala and outlines Unitree’s next steps.

    8 mins read

    APAC SpotlightAPAC Spotlight

    MENA WatchMENA Watch

    Venture RoundupVenture Roundup

    • See All