Announcements

Ecosystem

Events

Features

Insights

News

Opinion

Q&As

China

Southeast Asia

Rest of World

Places

KrASIA Connection

Profiles in Tech

Venture Roundup

Open Source

Startup Wire

Our Events

View All Collections

Collections

About

36Kr (EN)

From left to right: Benjamin Droguet, founder and CEO of Sparxell, Tien Nguyen, founding partner of Earth Venture Capital, and Simon Kew, COO of Sparxell.

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

Europe

Singapore

Vietnam

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

Deals in brief: Earth VC backs UK-based Sparxell, Grab’s acquisition of Trans-cab falls through, five China deals, and more | KrASIA

Home

Deals in brief: Earth VC backs UK-based Sparxell, Grab’s acquisition of Trans-cab falls through, five China deals, and more

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

KrASIA

https://secure.gravatar.com/avatar/972f75dd52ed83672433f4213ed054a8?s=96&d=mm&r=g

KrASIA Writers

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

China Tech

Li Auto

Electric Vehicles

Mobility

Tang Jing, manager of Li Auto’s flagship product line, asserts that the Chinese automaker stays competitive by prioritizing user value.

Is Li Auto’s commitment to maximizing user value its moat? | KrASIA

Is Li Auto’s commitment to maximizing user value its moat?

36Kr is China's most influential business and technology network. Since 2010, 36Kr has been providing high-quality content around China’s innovation and new economy trends. With the traffic and network it has built, 36Kr has developed a comprehensive database and strong data analytics capabilities of the technology landscape in China.

https://secure.gravatar.com/avatar/a6b9ace74da9df391d5f7ba1892f4393?s=96&d=mm&r=g

36Kr English

Young entrepreneurs are using arcade games to grab low-rent opportunities.

Hong Kong's rise of the claw machines reflects property fall | KrASIA

Hong Kong&#8217;s rise of the claw machines reflects property fall

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

https://secure.gravatar.com/avatar/aec5e55596415464d13490d0e0caa9a2?s=96&d=mm&r=g

Nikkei Asia

KrASIA | IPO Archives

Jia Yueting, founder of formerly highflying technology conglomerate LeEco Holdings, has been fined USD 36.81 million by Chinese regulators over false and inadequate financial disclosures in the 2010 IPO of its video streaming unit in Shenzhen and other fundraisings.The fine comes as Faraday Future, a California-based electric vehicle maker that was backed by Jia and LeEco, is in the midst of a USD 1 billion deal to list on the Nasdaq Stock Market through a merger with a special purpose acquisition company (SPAC) called Property Solutions Acquisition Corp.

China fines SPAC-linked fallen tech tycoon USD 37 million over IPO fraud | KrASIA

China fines SPAC-linked fallen tech tycoon USD 37 million over IPO fraud

Pressured by the ruling Communist Party at home and the US administration abroad, Chinese startups have begun rethinking plans to go public in anticipation of further obstacles down the road.The impact is especially pronounced on the Shanghai Stock Exchange's Star market, where 88 companies, including some of China's most promising unicorns, have suspended or canceled planned initial public offerings over the first three and a half months of 2021.

88 tech startups ditch China IPOs in 2021 as headwinds mount | KrASIA

88 tech startups ditch China IPOs in 2021 as headwinds mount

Didi Chuxing Technology Co., formerly Didi Kuaidi, is a Chinese transportation network company, artificial intelligence and autonomous technology conglomerate.

Didi

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

Ride-hailing

Didi Chuxing, China's top ride-hailing company, is preparing an initial public offering in the US, Nikkei has learned. The IPO is expected to value the company at around USD 70 billion to USD 100 billion. Didi is expected to use the billions of dollars it stands to gain from the IPO to fund a global expansion.

China's Didi prepares for IPO in US, sources say | KrASIA

China&#8217;s Didi prepares for IPO in US, sources say

Chinese companies raised USD 4.4 billion on the New York Stock Exchange and the Nasdaq Stock Market through April 7 compared with just USD 807 million over the same period last year, according to data compiled by Dealogic.

Record pace of Chinese listings in US shows signs of strain | KrASIA

Record pace of Chinese listings in US shows signs of strain

Building a coherent narrative of India's rapidly changing tech ecosystem.

India Tech

India

India's startup ecosystem, which bounced back from the COVID-19 induced slump in the second half of 2020, is seeing an increased interest from global investors.Homegrown startups raised USD 3.65 billion in the first quarter of 2021, an increase of 13.4% over the corresponding period last year, local media Economic Times (ET) said, citing data from intelligence platform Tracxn. Another research firm, Venture Intelligence, puts this number at USD 4.2 billion, 40% higher than that in the first quarter of 2020 when Indian startups raised USD 3.5 billion.

Global investors bet big on Indian startups, investing billions into country | KrASIA

Global investors bet big on Indian startups, investing billions into country

I cover Indian tech, startup, venture capital ecosystems for KrASIA.

https://secure.gravatar.com/avatar/8ee969d23d0ca8a0fdf49239194aee0b?s=96&d=mm&r=g

Moulishree Srivastava

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

Xiaomi Corporation is a Chinese electronics company headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, and related consumer electronics.

Xiaomi

Battery

Energy

Shenzhen-based power bank providers Soudian and Jiedian will merge to jointly establish a new company, under which the two brands will continue operating independently, 36Kr reported on Friday, citing official announcements.A new board of directors will be set up by the parent company, with a joint CEO system to decide on the future strategies of the two brands, according to the announcement. Jiedian and Soudian will share their resources in supply chain management, customer services, software, and hardware development while maintaining their original businesses.

Power bank providers Soudian and Jiedian merge to amp up challenge against newly listed firm Energy Monster  | KrASIA

Power bank providers Soudian and Jiedian merge to amp up challenge against newly listed firm Energy Monster 

https://secure.gravatar.com/avatar/b1f58c52050738746ae9a2be6555a9ab?s=96&d=mm&r=g

Song Jingli

WeDoctor Hong Kong IPO to raise USD 3 billion

JD.com, Inc., also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.

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

Health Tech

Medical technology, or "medtech", encompasses a wide range of healthcare products and is used to treat diseases and medical conditions affecting humans. 

MedTech

Internet hospital and health maintenance platform WeDoctor filed a prospectus for a Hong Kong IPO on Thursday night. The company expects to raise up to USD 3 billion, according to 36Kr.The company generated revenue to the tune of RMB 1.8 billion (USD 280 million) in 2020, more than three times higher than that of the year before. Losses in 2020 were RMB 1.9 billion (USD 290 million), a gentle 1.1% decline year-on-year.

KEY STAT | Tencent-backed online hospital WeDoctor files for IPO | KrASIA

KEY STAT | Tencent-backed online hospital WeDoctor files for IPO

https://secure.gravatar.com/avatar/2bddd502480722fd382ec92dfe2fcb9f?s=96&d=mm&r=g

Julianna Wu

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

hinese e-commerce giant JD.com said on Wednesday that it will spin off its cloud and AI business valued at RMB 15.7 billion (USD 2.4 billion) to JD Digits, according to a filing with the SEC. While JD won't get any cash from the deal, it will increase its equity interest in JD Digits to about 42%.

JD Digits absorbs JD.com's cloud and AI business, clips dependence on fintech | KrASIA

JD Digits absorbs JD.com&#8217;s cloud and AI business, clips dependence on fintech

Bilibili's market cap in HK: USD 38.8 billion

Bilibili

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

Entertainment

The game industry is the economic sector involved in the development, marketing, and monetization of games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.

Gaming

Video-streaming platform Bilibili (NASDAQ: BILI; HKEX: 9626) fell 2.29% in the morning session in Hong Kong, after opening for trading at HKD 790 on Monday, raising USD 2.6 billion.

IPO

China fines SPAC-linked fallen tech tycoon USD 37 million over IPO fraud

88 tech startups ditch China IPOs in 2021 as headwinds mount

China’s Didi prepares for IPO in US, sources say

Record pace of Chinese listings in US shows signs of strain

Global investors bet big on Indian startups, investing billions into country

Power bank providers Soudian and Jiedian merge to amp up challenge against newly listed firm Energy Monster

KEY STAT | Tencent-backed online hospital WeDoctor files for IPO

JD Digits absorbs JD.com’s cloud and AI business, clips dependence on fintech

KEY STAT | Bilibili drops in Hong Kong debut in another tepid homecoming listing

Most Recent

Deals in brief: Earth VC backs UK-based Sparxell, Grab’s acquisition of Trans-cab falls through, five China deals, and more

Is Li Auto’s commitment to maximizing user value its moat?

Hong Kong’s rise of the claw machines reflects property fall