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

Features

Making sense of Dreame’s rocket-boosted car and automotive ambitions

6 mins read

Pulses

Yanghe reports 2025 financial results

just now
TMTPost
Yanghe Distillery reported 2025 revenue of RMB 19.21 billion and net profit of RMB 2.21 billion. Amid a broader industry downturn, the company reduced its liquor inventory by 31.74% to 31,122.56 tons, prioritizing channel destocking and price stability over volume growth.

Huawei updates HarmonyOS 6.1 tool

just now
IT Zhijia
Huawei updated its HarmonyOS 6.1 assistant with new identity verification and content synchronization features. The update requires identity verification to access sensitive information and enables automatic syncing of saved content for centralized management, including AI-powered summaries and Q&A.

Xpeng GX completes 49-turn challenge

just now
IT Zhijia
Xpeng announced that its GX SUV successfully navigated 49 consecutive hairpin turns on a five-kilometer mountain road in Yunnan. The vehicle features a 5.4-meter turning radius and a minimum 0.6-turn steering ratio at low speeds. The full-size SUV, which debuted on April 15, starts at RMB 399,800.

Meitu paid users hit 17.9 million

just now
IT Zhijia
Meitu reached 17.9 million global paid subscribers in Q1 2026, a 30.2% YoY increase. Revenue from its imaging and design products rose 34.3% to RMB 852 million. The company also disclosed that its AI productivity application's ARR reached RMB 580 million, up 56.2% YoY, as it expands its subscription and AI compute business models.

T3 Chuxing files for Hong Kong IPO

just now
TMTPost
T3 Chuxing has filed for an IPO on the Hong Kong Stock Exchange. As of late 2025, the company operated in 194 cities and had over 234.5 million registered users. It reported a 2025 profit of RMB 7.44 million on revenue of RMB 17.11 billion, though it faces increasing reliance on third-party ride-hailing aggregators for order volume.

Xiaomi SU7 hits 80,000 locked orders

just now
IT Zhijia
Xiaomi announced that its latest SU7 EV model has surpassed 80,000 locked orders within 48 days of its launch. The company also introduced limited-time purchase incentives, effective May 6–31, offering up to RMB 61,000 in benefits for the Max version and RMB 42,000 for other versions.

China Unicom hits 100 million vehicles

just now
IT Zhijia
China Unicom announced that its vehicle networking platform has reached 100 million connected cars, establishing what it claims is the world's largest vehicle networking infrastructure. The platform currently serves 92 automakers and processes over two billion interface calls per month.

Geely to acquire Ford assembly line

just now
IT Zhijia
Geely has reportedly reached an agreement to acquire the Body 3 assembly line at Ford's Almussafes plant in Valencia, Spain. The company plans to use the facility to produce vehicles based on its GEA architecture for the European market. Ford and Geely have not officially confirmed the deal, though industry sources indicate it is finalized.

Roku and TCL face lawsuit

just now
IT Zhijia
A proposed class action lawsuit filed in the US District Court for the Central District of California alleges that software updates from Roku and TCL have rendered certain television models unusable. The plaintiff claims the companies failed to test software properly and ignored user complaints. A Roku spokesperson stated the company believes the allegations are without merit.

Pony.ai prepares for robotaxi scale

just now
CNA
Pony.ai said it has built the infrastructure needed for large-scale robotaxi deployment, according to CEO James Peng. The company is now focused on scaling operations, upgrading its AI systems, and reducing production costs. It aims to lower the cost of its seventh-generation robotaxis to below USD 34,000 by 2027 as it expands services in China and overseas.

ByteDance launches Doubao subscription tiers

just now
TMTPost
ByteDance has introduced a paid subscription model for Doubao with standard, enhanced, and professional tiers priced between RMB 68–500 per month. The move follows the platform reaching 345 million monthly active users in Q1 2026, as the company seeks to manage high inference costs and shift its user base toward productivity-focused features.

Unitree robot battery seized on flight

just now
IT Zhijia
Southwest Airlines confiscated the battery of a 31.8-kilogram humanoid robot from Unitree Robotics during a flight from Oakland to San Diego. The robot, owned by Elite Event Robotics, had been assigned a passenger seat after its transport case exceeded weight limits. The battery removal, due to size restrictions, delayed the flight by more than one hour.

Wuliangye reports 2025 annual results

just now
TMTPost
Wuliangye reported 2025 revenue of RMB 40.53 billion and net profit of RMB 8.95 billion, following a restatement of its quarterly financial results. The company maintained a cash position of RMB 124.26 billion in liquid assets as of March. It also plans to distribute RMB 20.01 billion in total dividends, alongside a share buyback program to reduce registered capital.

OPay prepares for US IPO

just now
Semafor
Chinese fintech company OPay has engaged JPMorgan and two other banks to prepare for a US IPO targeting a USD 4 billion valuation. The company, which focuses on the Nigerian market, previously raised USD 400 million in a 2021 funding round.

Realme halts new phone plans in China

just now
IT Zhijia
Realme has no plans for future smartphone releases in the Chinese market. The GT8 Pro and Neo8 models will be the final devices from the brand's independent operating period in the country. This follows a March announcement that Realme will integrate its mainland China after-sales services into the Oppo network.

Yutong bus tests spark EU regulations

just now
SCMP
Cybersecurity tests conducted by Oslo transport authority Ruter found that electric buses manufactured by Yutong could be remotely accessed. The findings have reportedly influenced new EU regulations on Chinese-made transport technology and strained trade relations.

Xiaomi to raise Redmi K100 price

just now
IT Zhijia
Xiaomi will increase the price of its upcoming Redmi K100 smartphone series. The company expects the price hike to be smaller than those implemented by competitors. The new series, which includes the Redmi K100 Pro Max, is expected to feature upgraded audio, haptics, and a 200-megapixel main camera.

China sees surge in AI-generated dramas

just now
NYTimes
Chinese production companies uploaded nearly 50,000 AI-generated short dramas to Douyin in March, nearly matching the platform's total output for all of 2025. The market for such shows is projected to exceed USD 3 billion this year, as companies use new video tools to reduce production costs.

Chayan Yuese opens first Shenzhen stores

just now
36Kr
Chayan Yuese has launched its first two locations in Shenzhen, marking the brand's debut in a tier-one city. The company plans to operate at least ten stores in the city by 2026. Despite initial queues on opening day, the brand faces significant competition from established chains and higher operating costs in the region. Analysts estimate a 2.5-year payback period per store.

Linkerbot eyes USD 6 billion valuation

just now
Reuters
Linkerbot said it is targeting a USD 6 billion valuation in its next funding round. The Beijing-based maker of dexterous robotic hands plans to scale output to 10,000 units a month from about 5,000.
See All

Big TechBig Tech

  • News

    Dreame’s next act stretches from robot vacuums to rocket-boosted cars

    5 mins read
    • See All

    AutomotivesAutomotives

    • Dreame’s playbook carries echoes of Xiaomi’s rise.

      Features

      Making sense of Dreame’s rocket-boosted car and automotive ambitions

      6 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

    News

    DJI’s Osmo Pocket 4 raises the bar on specs while lowering the cost

    The new camera pairs creator-focused features with a lower price, a move that could pressure margins.

    3 mins read

    APAC SpotlightAPAC Spotlight

    MENA WatchMENA Watch

    Venture RoundupVenture Roundup

    • See All