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

News

Taocheche files for Hong Kong IPO as China’s leading used car trading platform

3 mins read

Pulses

GAC tops Hong Kong car sales in April

just now
GAC
GAC ranked first in the Hong Kong private car market in April 2026, selling 1,646 units. The total included 1,596 battery electric vehicles and 50 plug-in hybrids. The company also reported a 133.9% year-on-year increase in global exports for the first four months of 2026, reaching 70,474 units.

Duan Yongping doubles down on Pop Mart

just now
Jiemian News
Entrepreneur and investor Duan Yongping said he sold his shares in China Shenhua Energy to increase his stake in Pop Mart.

Bambu Lab, Pop Mart settle Labubu IP dispute

just now
TMTPost
Bambu Lab and Pop Mart reached a settlement in March to resolve a copyright dispute over 3D printing models on the MakerWorld platform that were alleged to be based on Labubu. The lawsuit, which had been scheduled for an April hearing, followed a surge in unauthorized user-generated content. Bambu Lab has since removed the disputed models from its community platform.

Nio to open battery swap route linking Xi’an, Dunhuang

just now
IT Zhijia
Nio will open its 1,739-kilometer battery swapping route along the Hexi Corridor on May 10, connecting Xi’an to Dunhuang with 20 stations. The route will allow Nio and Onvo users to complete the journey using only battery swapping services. Nio plans to complete its full Silk Road route by the second half of the year, enabling travel across all provincial-level regions in mainland China.

Moonshot AI raises USD 2 billion

just now
Bloomberg
Moonshot AI is set to raise USD 2 billion in a funding round led by Meituan, valuing the Chinese startup, known for its Kimi model and chatbot, at USD 20 billion.

Insta360 profit halves amid DJI rivalry

just now
TMTPost
Insta360 reported record 2025 revenue of RMB 9.74 billion, up 74.76% YoY, but its fourth-quarter net profit fell 50%. The company faces pressure from DJI in the panoramic camera market, prompting price cuts and higher supply chain costs. It is pivoting toward drones and AI-driven content ecosystems to support future growth.

Thailand approves TikTok data center

just now
IT Zhijia
Thailand has approved a THB 842 billion data center expansion for TikTok. The project includes installing servers and upgrading data storage infrastructure in Bangkok, Samut Prakan, and Chachoengsao to support regional digital services. TikTok also committed to digital literacy and e-commerce training programs for local entrepreneurs.

Zhongbai reports RMB 957 million loss

just now
Huxiu
Zhongbai Group reported a net loss of RMB 957 million for 2025, widening 81.07% YoY, as revenue fell 20.21% to RMB 8.28 billion. The retailer closed 414 stores, citing increased competition from online channels and new retail formats. Despite efforts to adopt the management model of Pangdonglai, it continues to face challenges in supply chain management and internal governance.

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.
See All

Big TechBig Tech

  • News

    ByteDance explores AI monetization for Doubao with paid subscription tiers

    2 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