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36Kr (EN)

Angel Investing

Investment

Merger &amp; Acquisition

Private Equity

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

India

Japan

Malaysia

Philippines

Singapore

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Deals in brief: BillEase and Prep secure funding, Malaysia’s Khazanah Nasional initiate MYR 3 billion fund with two partners, Thunes to acquire Tilia, and more | KrASIA

Home

Deals in brief: BillEase and Prep secure funding, Malaysia’s Khazanah Nasional initiate MYR 3 billion fund with two partners, Thunes to acquire Tilia, and more

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

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KrASIA Writers

Bringing together the latest business insights and trends of China's tech ecosystem.

China Tech

Huawei Technologies Co. Ltd. is a Chinese multinational telecommunications equipment and consumer electronics manufacturer, headquartered in Shenzhen, Guangdong, China. The company was founded in 1987 by Ren Zhengfei, a former People's Liberation Army engineer.

Huawei

Deep Tech

Semiconductors

The Chinese tech company is spending billions, snapping up talent in its battle against the US crackdown.

Huawei building vast chip equipment R&D center in Shanghai | KrASIA

Huawei building vast chip equipment R&#038;D center in Shanghai

As part of 36Kr’s ongoing partnership with Nikkei, you can read selected content from Nikkei Asia on KrASIA.

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Nikkei Asia

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Douyin

Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Food Delivery

Grocery Delivery

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Retail

Ride-hailing encompasses a range of companies and services, including traditional taxis and car services. 

Ride-hailing

Commerce

E-commerce

quick commerce

Meituan Shangou, its quick commerce business, could play a significant role in its strategy to counter competition from main rival Douyin.

With Douyin looming, Meituan shifts focus back to its core business | KrASIA

With Douyin looming, Meituan shifts focus back to its core business

KrASIA Connection curates technology and innovation updates from China.

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Kuaishou (Chinese: 快手) is a platform for recording with millions of original fresh videos everyday.

Kuaishou

KrASIA | Kuaishou Archives

ByteDance to file IPO with a valuation of USD 400 billion

Tiktok

With the spread of Internet global accessing (fastest Internet broadband connection TCP with accumulator cables and semi-fast connection), Short Video services have become very popular online. 

Short Video

The company's subsidiaries may seek their own listings in New York, Hong Kong, and Shanghai. With a valuation of nearly USD 400 billion, app factory ByteDance—known chiefly as the company behind TikTok, Douyin, and Toutiao—has submitted a letter to the Hong Kong Stock Exchange indicating the company is seeking underwriters for a listing in Hong Kong, local news media China Securities reported on Wednesday, citing an anonymous source.

KEY STAT | ByteDance initiates process for mammoth listing in Hong Kong | KrASIA

KEY STAT | ByteDance initiates process for mammoth listing in Hong Kong

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Julianna Wu

Live Streaming

Kuaishou (HKSE: 1024) shares plunged more than 12% on Wednesday in Hong Kong trading, closing at HKD 265. The stock appears to be pulling back after advancing since the IPO, due to high expectations from investors, DTZ Research lead analyst Ke Yan told KrASIA. On Tuesday, the company said it made RMB 58.8 billion (USD 9 billion) in revenue in 2020, up 50.2% year-on-year, in its first annual report since it went public last month.

Kuaishou shares dive after first annual report | KrASIA

Kuaishou shares dive after first annual report

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Song Jingli

Electric Vehicles

Mobility

Beijing-based short video and livestreaming app Kuaishou (HKSE: 1024) for the first time brought electric vehicles to its e-commerce platform on Monday, teaming up with SGMW, the joint venture of SAIC Motor, Liuzhou Wuling Motors, and GM China.

Kuaishou now sells EVs via livestreaming | KrASIA

Kuaishou now sells EVs via livestreaming

Creative

Social Impact

Douyin stagnated at the pre-holiday level of about 600 million DAUs. Newly-listed short video service Kuaishou's (HKEX: 1024) daily active users (DAUs) spiked to nearly 500 million during the Chinese New Year holiday earlier this month, local media LatePost reported, representing a new record for the Douyin rival.

KEY STAT | Kuaishou boosts user numbers in successful CNY campaign | KrASIA

KEY STAT | Kuaishou boosts user numbers in successful CNY campaign

Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. 

Entertainment

Kuaishou's blockbuster Hong Kong debut showed the huge investor appetite in the short video market.

ByteDance's Douyin eyes New York listing: Report | KrASIA

ByteDance&#8217;s Douyin eyes New York listing: Report

Wency Chen is a reporter KrASIA based in Beijing, covering tech innovations in&amp;beyond the Greater China Area. Previously, she studied at Columbia Journalism School and reported on art exhibits, New York public school systems, LGBTQ+ rights, and Asian immigrants. She is also an enthusiastic reader, a diehard fan of indie rock and spicy hot pot, as well as a to-be filmmaker (Let’s see). Follow her on Twitter: @ChenWQ45 Tips go to: wency@kr-asia.com

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Wency Chen

Kuaishou bonus for each employee: USD 4447

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

Several tech firms will have generous bonuses for its employees. Newly-listed short video app Kuaishou (HKEX: 1024) said it prepared a "sunshine award" of 100 shares for each of its regular employees, 36Kr reported. The award is valued at around USD 4,447 based on its current price.

KEY STAT | Kuaishou announces employee dividend as share price rockets | KrASIA

KEY STAT | Kuaishou announces employee dividend as share price rockets

Music

TME's US-listed stock has more than doubled since its debut in 2018.

Tencent Music Entertainment mulls USD 5 billion secondary listing in Hong Kong | KrASIA

Tencent Music Entertainment mulls USD 5 billion secondary listing in Hong Kong

The world's first short video stock reached a market cap of USD 179 billion. Short video app Kuaishou (HKEX: 1024) on Friday morning raised USD 5.3 billion in the biggest tech IPO since Uber, and the biggest public listing in Hong Kong, with its stock price almost tripling from HKD 115 to HKD 338.

KEY STAT | Kuaishou jumps nearly 200% in Hong Kong debut | KrASIA

KEY STAT | Kuaishou jumps nearly 200% in Hong Kong debut

Visual Stories

Chinese internet users love short video apps. As the most popular short video apps in China, Douyin and Kuaishou are fundamentally different.