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

Changan launches four models in Mexico

just now
Changan Automobile
Changan Automobile has launched four upgraded car models in Mexico, including the Alsvin Plus sedan and the CS35 Max, CS55 Plus, and CS75 Plus SUVs. The move follows strong regional growth, with the company reporting its Mexico sales rose 184% in 2025.

Pop Mart sues Bambu Lab over Labubu

just now
Dao Insights
Pop Mart is suing 3D printer maker Bambu Lab, alleging its MakerWorld platform hosted downloadable models of the Labubu character that users could 3D print at home. The case, filed in Shanghai, tests whether platforms can be held responsible for copyrighted designs shared by users, with a hearing scheduled for April 2.

Neuracle wins China BCI approval

just now
SCMP
China's National Medical Products Administration has approved Neuracle's implantable brain-computer interface (BCI) system designed to restore hand motor function in spinal cord injury patients. The approval marks the first time globally that an invasive BCI system has been cleared as a commercial medical product.

US to receive USD 10 billion TikTok fee

just now
WSJ
The US is set to receive about USD 10 billion in fees from investors tied to ByteDance's sale of TikTok's US operations to a consortium led by Oracle and Silver Lake. The deal followed legislation requiring TikTok to sell its US business or face a shutdown.

Didi denies “eight-year vehicle” policy

just now
Jiemian News
Didi denied online claims that vehicles older than eight years can extend operations by three years on its platform. The company said it has never introduced such a policy and continues to follow national and local regulations governing vehicle eligibility and removal.

Volkswagen, Xpeng start SUV production

just now
Sina
Volkswagen and Xpeng said their first jointly developed electric SUV, the Unyx 08, has entered mass production in Anhui. The model is expected to launch in the first half of 2026 as the companies deepen their collaboration in China's EV market.

Geely system gains UN R171 approval

just now
The Beijing News
Geely said its G-ASD driver assistance system has received UN R171 certification from CATARC and IDIADA, marking the first system from China cleared for overseas markets. The first certified Geely model is expected to launch in Europe in June.

Xiaomi to launch new SU7 this month

just now
Jiemian News
Xiaomi will launch the new-generation SU7 sedan this month, founder Lei Jun said, earlier than the previously planned April debut. The car will be offered in three variants starting at RMB 229,900, with CLTC-rated driving ranges of up to 902 kilometers and LiDAR-enabled driver assistance as standard.

ByteDance eyes Malaysia AI cluster

just now
WSJ
ByteDance is working with Aolani Cloud to deploy about 36,000 Nvidia B200 chips in Malaysia using roughly 500 Blackwell systems, people familiar with the matter said. The hardware could cost more than USD 2.5 billion and provide computing power for the company's global AI R&D and applications.

Pop Mart teams with Sanrio on Labubu

just now
Forbes
Pop Mart and Sanrio have launched Labubu crossover collectibles, including blind box plush pendants and a vinyl plush doll. The products went on sale online on March 12 and are scheduled to arrive in stores in April. Labubu generated roughly USD 423 million of Pop Mart’s USD 1.8 billion in global revenue in 2024.

BYD weighs F1, Le Mans entry

just now
Bloomberg
BYD is examining options to enter Formula One and the World Endurance Championship, including the 24 Hours of Le Mans, according to people familiar with the matter. The automaker is evaluating building or acquiring an F1 team as racing adopts hybrid powertrains. An F1 program can cost about USD 500 million per season. No decision has been made.

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.
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