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

Features

Dreame kicks off 2025 recruitment drive as workforce tops 20,000

6 mins read

Pulses

Nigeria eyes China funding for “super grid”

just now
Bloomberg
Nigeria is in talks with the Export-Import Bank of China for a USD 2 billion loan to build a new “super grid” linking the country’s eastern and western regions. The cabinet-approved project aims to ease power shortages and attract industrial users back to the national grid as part of wider energy sector reforms.

China widens lead in clean tech exports

just now
Bloomberg
China has pulled ahead of the US in the global energy export race, shipping USD 120 billion in clean technologies through July compared with USD 80 billion in US oil and gas exports. Driven by demand for EVs, solar panels, and batteries, China’s record USD 20 billion in August exports underscores its growing dominance in clean energy trade.

Tesla hints at possible new model

just now
Tesla
Tesla shares rose after the company posted teaser videos on X showing a car's components and headlights, ending with “10/7.” The posts reignited speculation over whether CEO Elon Musk will unveil the next-generation Roadster or a lower-cost model aimed at broadening mass market appeal.

Sunrise wins national R&D funding

just now
Sunrise New Energy
Sunrise New Energy has received USD 600,000 from China’s National Special Fund for Science and Technology Development, marking the first national-level science project approved in Qianxinan prefecture in three years. The funds will support R&D on solid-state battery anode materials and help accelerate the industrialization of next-generation technologies.

Kuaishou launches FantaSay chat app

just now
SCMP
Kuaishou has launched FantaSay, a virtual companion app with adult chat features, through its Singapore-based unit Symphony Tech, marking its first international push in the category. The app has reportedly recorded about 500,000 downloads and follows Kuaishou’s domestic release of Kraft, as the firm expands AI-driven revenue beyond China.

FF confirms local FX Super One assembly

just now
Jiemian News
Faraday Future has finalized its localized production and assembly plan for the FX Super One in the US after multiple technical reviews. The company expects the first US-spec vehicle to roll off the line by year's end while continuing testing in the US and UAE, where the model will launch on October 28 and begin deliveries in November.

Chinese carmakers eye full production in South Africa

just now
Reuters
South Africa’s trade minister said Chinese and Indian automakers plan to upgrade their semi-knocked-down assembly lines to full-scale production. BAIC, which assembles the Beijing X55 in Gqeberha, will shift to complete manufacturing, signaling growing Chinese involvement in South Africa’s automotive sector.

WeRide expands autonomous ops in UAE

just now
WeRide
WeRide has launched pilot operations for autonomous vehicles in Ras Al Khaimah in partnership with the local transport authority, marking its first deployment in the emirate and third in the UAE. The pilot brings self-driving vehicles into the public transport network ahead of a planned commercial rollout in 2026.

China banks back Aramco gas project

just now
Reuters
China’s top banks are financing over a third of Aramco’s USD 11 billion Jafurah gas project, with Bank of China, ICBC, China Construction Bank, and Agricultural Bank of China lending more than USD 3.7 billion combined. Chinese funds, however, avoided equity participation, reflecting how US-China tensions are reshaping Gulf investments.

Xiaomi unveils bespoke EV program

just now
Xiaomi
Xiaomi has launched a customization service for its YU7 Max and SU7 Ultra EV models, offering 26 handcrafted options including premium paint finishes, curated interiors, and materials such as ash wood veneer and ceramic emblems. Production will be limited to 40 vehicles per month during the program’s first year.

Foxconn revenue rises on strong AI server demand

just now
Bloomberg
Hon Hai Precision Industry, or Foxconn, reported an 11% rise in quarterly revenue to TWD 2.06 trillion, driven by strong demand for Nvidia-powered AI servers. The company said server sales more than doubled and expects further growth this quarter, even as trade tensions and evolving US tariff policies add uncertainty.

Plaud launches in mainland China

just now
KrASIA
Plaud announced its China launch on September 22, unveiling new products including the Plaud Note, Note Pro, and NotePin S wearable recorder. The Shenzhen-based company is making its domestic debut after shipping more than one million units across 170 countries. It expects USD 250 million in 2025 revenue and plans to maintain global pricing as it expands at home.

Huawei’s AI chips found using foreign parts

just now
Bloomberg
Huawei’s Ascend 910C processor uses components from TSMC, Samsung, and SK Hynix, according to media reports. The company is said to have built the chip with stockpiled dies and HBMs obtained before US export bans, as it seeks to compete with Nvidia.

Energy storage output tightens in China

just now
Jiemian News
Chinese energy storage battery makers operated at nearly 90% capacity in September, with Eve, Cornex, and Ganfeng Lithium among those fully booked through year's end. Strong demand from overseas and domestic projects has created a short-term supply squeeze, driving cell prices higher by RMB 0.01–0.03 per watt-hour.

TikTok faces license suspension in Indonesia

just now
Bloomberg
Indonesia’s communications ministry has suspended TikTok’s local operating license after the platform declined to fully share live streaming data from August protests. The suspension, which does not affect service access, follows tightening oversight of digital platforms. TikTok said it is cooperating with authorities to resolve the issue while safeguarding user privacy.

Haier and Hisense boost Thai factory network

just now
Nikkei Asia
Chinese appliance makers Haier and Hisense are expanding in Thailand to offset US-China trade frictions, opening or starting construction of large factories in Chonburi. Haier’s USD 312 million plant will produce up to six million air conditioners annually, while Hisense’s USD 147 million facility will make 2.6 million appliances per year.

Swedish court rules against Shein in photo case

just now
Reuters
A Swedish court found that Shein’s Ireland-based unit, Infinite Styles Ecommerce, copied product photos owned by local rival Nelly and used them online without permission. The court imposed a SEK 500,000 fine and legal costs but dismissed claims against two other Shein entities. Nelly said it may appeal the ruling.

JD enters coffee market with 7Fresh

just now
Dao Insights
JD.com is entering China’s crowded coffee market with 7Fresh Coffee, an offshoot of its supermarket brand. The company is adopting a low-cost model by leasing small spaces in supermarkets, hotels, and offices, backed by subsidies. Industry groups warn the move could hurt small cafes as regulators tighten scrutiny of aggressive discounting.

Yimutian inks digital asset deal in Hong Kong

just now
Yimutian
Yimutian, China’s leading agricultural digital platform, has partnered with Hong Kong’s BC Technology to expand into cross-border settlement, agricultural RWA products, and new digital trade models. As part of the deal, Yimutian will buy at least USD 12 million in digital assets, aiming to link agriculture with global capital markets.

Tesla Q3 deliveries rise 7% YoY

just now
Tesla
Tesla delivered 497,099 vehicles in Q3 2025, up 7% YoY, while production dropped to 447,450. Gains in the US ahead of a federal EV tax credit’s expiration offset a sales slump in Europe. Year-to-date deliveries reached 1.2 million, down 6% from 2024. Tesla also deployed a record 12.5 GWh of energy storage products.
See All

Icon for Editor’s PicksEditor’s Picks

Insights

Is Yunfeng Financial becoming Jack Ma’s next Ant Group?

Backed by Ant-linked partnerships and digital asset reserves, the firm is deepening the integration of blockchain with traditional finance.

5 mins read
  • Insights

    Analysis: China’s roadmap to integrate AI across its economy through 2035

    5 mins read

Venture RoundupVenture Roundup

  • News

    Deals in brief: Neptune Robotics raises Series B funding, ThinkZone launches new Vietnam-focused fund, Velocitor acquires Nextbillion.ai, and more

    5 mins read
    • See All

    Automaker InsightsAutomaker Insights

    • See All

    Retail and CommerceRetail and Commerce

    • See All

    Icon for Casual ChroniclesCasual Chronicles

    100 AI Creators100 AI Creators

    • See All