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

Insights

After a breakout year, can Laopu Gold become China’s answer to Hermes?

7 mins read

Pulses

HKEX Q1 profit rises 27%

just now
HKEX
Hong Kong Exchanges and Clearing reported a Q1 2026 profit attributable to shareholders of HKD 5.188 billion, a 27% YoY increase. Revenue and other income reached HKD 8.203 billion, up 20% from the same period last year. The company attributed the growth to higher trading and clearing fees driven by increased volumes in the spot and commodities markets.

MinoSpace completes IPO guidance

just now
36Kr
MinoSpace has completed its IPO guidance and inspection process, according to the CSRC. The commercial satellite company engaged Haitong Securities to oversee the regulatory filing process.

Tencent’s Hy3 tops OpenRouter

just now
36Kr
Tencent's Hy3 preview model secured the top spot on OpenRouter's global API call volume leaderboard on April 29. The model also ranked first in tool usage and second in programming categories.

Tencent launches “copilot mode” for Ima

just now
TMTPost
Tencent has launched a "copilot mode" for its Ima AI product. The agentic tool helps users manage, query, and analyze personal information assets by building a structured, evolving memory system across documents and web content.

Geely Q1 profit falls 27%

just now
36Kr
Geely reported a Q1 2026 net profit attributable to owners of the parent of RMB 4.17 billion, a 27% YoY decline. The company attributed the drop to foreign exchange fluctuations compared to the same period last year. Despite the profit dip, revenue grew 15% YoY on total sales of 709,358 units, driven by strong exports and higher-value product sales.

Xiaomi unveils Xring O3 chip specs

just now
IT Zhijia
Xiaomi's next-gen Xring O3 chip features a prime core clock speed of 4.05 GHz and a redesigned three-cluster architecture. According to database leaks, the chip will debut in the China-exclusive Mix Fold 5. Compared to the O1 model, O3 reportedly increases efficiency core frequency by 68% and GPU frequency by 25%.

Insta360 profit halves on R&D push

just now
TMTPost
Insta360 reported Q1 revenue of RMB 2.48 billion, up 83% YoY, while net profit halved to RMB 84.62 million as R&D spending jumped to RMB 465 million, exceeding profit. Founder Liu Jingkang said investment is focused on new products, custom chips, and AI amid escalating competition and litigation with DJI.

Geely unveils Galaxy Starship 7 EV

just now
IT Zhijia
Geely has unveiled the Galaxy Starship 7 EV, an electric SUV featuring the Flyme Auto system. The vehicle offers two battery options, providing a maximum range of 605 kilometers. It is powered by a 160-kilowatt front-mounted motor and features a drag coefficient of 0.278.

Agibot adds 10,000 robot orders

just now
TMTPost
Agibot has placed new production orders for over 10,000 humanoid robots, according to internal sources. The company, which utilizes an asset-light model, has engaged Lingyi iTech to handle manufacturing for its Expedition and Lingxi series.

China team scales novel fuel tech

just now
SCMP
Researchers at the Shanghai Advanced Research Institute are moving technology that converts carbon dioxide into aviation fuel from the laboratory toward large-scale production. The development follows a surge in global jet fuel prices, which exceeded USD 200 per barrel in April.

Huawei launches Watch Fit 5

just now
IT Zhijia
Huawei launched the Watch Fit 5 smartwatch on April 29, with prices starting at RMB 1,099. The device features a 1.82-inch AMOLED display with 2,500 nits peak brightness, a 27-gram design, and guided light exercise modes covering 30 movements. It includes 64 gigabytes of storage and offers up to ten days of battery life under light use.

Konka faces delisting after 2025 loss

just now
IT Zhijia
Konka Group will face delisting risk warnings starting April 30 after reporting a 2025 net loss of RMB 12.58 billion. The company, which saw its net assets turn negative, also reported a 24.08% revenue decline in Q1 2026. Konka plans to restructure its operations, consolidate factory capacity, and focus on high-growth segments to improve efficiency.

New Hongqi H9 to feature Huawei ADS 5

just now
IT Zhijia
FAW Hongqi has released official images of the new Hongqi H9, confirming the latest sedan will be the first to feature Huawei's Qiankun ADS 5 driving assistance system. The vehicle debuted at the 2026 Beijing Auto Show.

Beijing blocks Meta acquisition of Manus

just now
Semafor
Beijing has blocked Meta's acquisition of Chinese-founded AI startup Manus. The decision signals a stricter stance on the outflow of IP, prompting tech founders to separate their US and Chinese operations to mitigate regulatory risk.

Gree 2025 profit falls nearly 10%

just now
IT Zhijia
Gree Electric reported a 2025 net profit of RMB 29.003 billion, down 9.89% YoY. Total revenue for the period reached RMB 170.448 billion, also a 9.89% decline. Despite the profit drop, the company's operating cash flow rose 57.93% to RMB 46.383 billion. Gree maintained its leading position in the domestic central air conditioning market with a 15% share.

Gree Electric reports Q1 profit growth

just now
IT Zhijia
Gree Electric reported Q1 2026 revenue of RMB 42.97 billion and net profit of RMB 6.08 billion, marking YoY increases of 3.52% and 3.01%. While revenue and profit grew, the company's operating cash flow fell 29.11% to RMB 7.8 billion compared to the same period last year.

Luxshare Q1 profit rises 20%

just now
IT Zhijia
Luxshare Precision reported Q1 2026 revenue of RMB 83.89 billion, a 35.77% increase YoY. Net profit attributable to shareholders reached RMB 3.66 billion, up 20.24% YoY. The company attributed the growth to its diversified business strategy across consumer electronics, communications, data centers, and automotive electronics.

Onvo L80 SUV opens for presale

just now
IT Zhijia
Nio's Onvo brand opened pre-sales for the L80 flagship SUV on April 28, with prices starting at RMB 245,800. The five-seat vehicle features a 925-volt electric drive system and a 615-kilometer range. Test drives begin May 1, with the official market launch scheduled for May 15.

China tests truck-mounted reactor

just now
SCMP
China is testing a ten-megawatt truck-mounted nuclear reactor prototype designed to power midsize AI data centers, a lead scientist said. The project, developed over several years, is now seeking deployment opportunities.

Chery Q1 net profit falls over 10%

just now
IT Zhijia
Chery reported a net profit of RMB 4.17 billion for Q1 2026, a 10.52% YoY decline. The company also recorded total revenue of RMB 65.87 billion for the period, down 4.86% from the previous year. As of March 31, Chery held total assets of RMB 279.04 billion and net assets of RMB 55.31 billion, marking an 8.88% increase from the end of 2025.
See All

Big TechBig Tech

  • News

    After mass production, Agibot shifts focus to architecture and ecosystem

    5 mins read
    • See All

    AutomotivesAutomotives

    • Foreign brands are tapping China’s low-cost manufacturing and in-car technology for exports.

      News

      From VW to Nissan, automakers bet on “in China, for global” strategies

      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

    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