KrASIA Connection curates technology and innovation updates from China.
Insights
Like other Chinese VR businesses, Pico viewed Meta as the benchmark for success. Attempting to emulate the American tech giant, however, contributed to its downfall.
ByteDance invested approximately RMB 20 billion in Pico, but even that substantial amount of funding could not avert the decline of the VR business.
Critics may claim Polestar lacks innovation by not opting for in-house R&D. But Thomas Ingenlath, its CEO, is adamant about the benefits and alignment with Polestar's overall vision.
Competition is brewing quickly in China’s coffee market, but not all players are feeling the heat equally.
The export situation for Chinese automakers has been quite positive, but looking ahead, how competitive will they remain amidst the shifting dynamics of the global automotive landscape?
Jack Ma's latest venture, Majia Kitchen, hones in on the intersections of food and agriculture, with a particular emphasis on pre-packaged meals.
![Ikintec's Hu Jing drone and airport is seen in a transformer substation in China. [Photo provided to KrASIA]](https://console.kr-asia.com/wp-content/uploads/2020/07/3-1175x500.jpg)
iKingtec is aiming to redefine precision and safety in maintenance workflows with its drones, amid rising opportunities in China's power grid sector.
It's complicated, but the decision to ditch its initial plan of spinning off Alibaba Cloud may ultimately work out for the better.
In a post-pandemic world, countless unassuming mom-and-pop shops in China are emerging as lucrative growth prospects.