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KrASIA's fortnightly China market presentation helps you understand the vast Enterprise Services industry and chimes in on the 'all-in' digitalisation trend.

Meet China's Twilio: Cloopen | Morning Briefing Ep 2

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Meet China&#8217;s Twilio: Cloopen | Morning Briefing Ep 2

Decoding China&#039;s tech and business pulse

KrASIA

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KrASIA Morning Briefing and Decoded

ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

TikTok hosts short-form videos spanning entertainment, education, and branded content, capturing global audiences and driving cultural trends.

TikTok

What entertains a connected world? Track shifts in film, music, and media consumption, as platforms and audiences redefine cultural experiences.

Entertainment

How does interactive entertainment evolve? Assess gaming ecosystems, esports growth, and technology enhancing virtual play.

Gaming

The gaming segment now has over 2,000 staffers in the three main brands Nuverse, Ohayoo, and Pixmain.

ByteDance bets big on games with new Nuverse website

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

Enterprise services is an over-arching term to describe an architecture combining engineering discipline and computer science to solve practical business problems. 

Enterprise Services

What happens after acquisitions close? Examine deal structures, operational improvements, and exit strategies molding corporate outcomes.

Private Equity

Black Lake counts Xiaomi, Sinopec, Tesla, and L'Oréal among its clients. Shanghai-based Software-as-a-Service (SaaS) vendor Black Lake has closed a RMB 77.4 million (USD 500 million) Series C round led by Temasek and joined by Huaxing Growth Capital, Lightspeed China Partners, GSR Ventures, Bertelsmann Asia Investments (BAI Capital), GGV Capital, and ZhenFund, according to a post on the startup's official WeChat account on Monday.

Temasek leads Black Lake investment in China's thriving manufacturing software sector

Temasek leads Black Lake investment in China&#8217;s thriving manufacturing software sector

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Song Jingli

Meituan, China’s all-in-one local services platform, covers food delivery, travel bookings, and lifestyle deals, simplifying daily consumer choices.

When do companies invite public investment? Understand listing criteria, underwriter roles, and regulatory steps defining initial offerings.

The battery-sharing market is expected to increase 70.2% this year to exceed USD 2.25 billion. Shanghai-based Energy Monster is reportedly eyeing a US public listing that could raise as much as USD 300 million, becoming the first stock in the battery-sharing business, according to 36Kr.

KEY STAT | SoftBank-backed power bank rental firm Energy Monster plans US IPO

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Julianna Wu

Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

Ant Group, a fintech powerhouse, offers digital payments, wealth management tools, and micro loans, enabling borderless, mobile-first financial services.

Ant Group

Tencent, a Chinese tech conglomerate, invests in gaming, social media, and cloud services, supporting entertainment and connectivity worldwide.

WeChat, Tencent’s superapp, combines messaging, social media, mobile payments, and mini-programs, streamlining daily tasks for over a billion users.

WeChat

What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

Consumer Economy

What happens when banking goes virtual? Study no-branch platforms, biometric authentication, and seamless financial services.

Digital Banks

How do clicks replace aisles? Explore global marketplaces, payment solutions, and technology accelerating online retail’s growth.

E-commerce

How does finance become frictionless? Examine digital banking, payment innovation, and lending platforms redefining financial access.

Fintech

What streamlines global commerce? Examine digital wallets, cross-border remittances, and instant settlement technologies.

Payments

Tencent's WeBank also joins the six state-owned banks in the pilot. Ant Group-backed MYbank and Tencent-backed WeBank will be the first two digital banks to join China's central bank's push in issuing electronic forms of its fiat currency, Bloomberg reported on Monday, echoing previous reports from Chinese media.

China enlists Ant-backed MYbank in expanding digital yuan trial

How does credit flow online? Explore digital lending tools, alternative scoring, and services accelerating capital access.

Lending

The regulator intends to bring down the leverage ratio of Chinese fintech companies. China's Banking and Insurance Regulatory Commission (CBIRC) has set new quantitative requirements for commercial banks that grant online loans in a move to boost the healthy development of the sector.

China issues new online loan rules to lower financial risk

JD.com, a Chinese e-commerce leader, ensures trusted transactions, efficient logistics, and a wide product selection for online shoppers.

JD.com

UN shows world's largest internet market still has ample room to grow.

China just 55th on e-commerce index due to low internet access

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

Apple designs iPhones, iPads, and Mac computers, coupling sleek hardware with robust software ecosystems and service offerings.

Apple

Nio, a Chinese electric car maker, specializes in high-performance EVs, battery-swapping solutions, and autonomous driving technologies.

Tesla’s electric cars, battery storage systems, and solar energy solutions shape sustainable transportation and power grids.

Tesla

Xiaomi crafts affordable smartphones, wearables, and IoT devices, appealing to users who seek innovation, quality, and budget-friendly tech.

Xpeng Motors builds intelligent EVs equipped with advanced infotainment systems, autonomous features, and sleek electric mobility designs.

Xpeng Motors

How are driverless systems redefining mobility? Uncover sensor technologies, regulatory frameworks, and AI driving cars without human intervention.

Autonomous Vehicles

Xiaomi founder Lei Jun would lead the new EV team. He has backed both Nio and Xpeng through his venture capital firm Shunwei Capital.

A 'Xiaomi car'? Phonemaker reportedly targets EV production

A &#8216;Xiaomi car&#8217;? Phonemaker reportedly targets EV production

Online ride-hailing in China's total taxi traffic: 36.2%

Didi, a Chinese mobility platform, connects riders to taxis, private cars, and ride-sharing options, integrating AI-driven route optimization.

Didi

How do platforms deliver on immediacy? Analyze ride-hailing, instant deliveries, and gig models meeting consumer needs fast.

On-demand Services

What redefines personal transport? Investigate pricing models, user experience, and new entrants reshaping door-to-door mobility.

Ride-hailing

In China's first-tier cities, market penetration of ride-hailing services exceeded 70% as of Q1 of 2019. Online ride-hailing services accounted for 36.2% of the total taxi traffic in China in 2020, according to the sharing economy report 2021 published today by The State Information Center.

KEY STAT | Ride-hailing services accounts for a third of China's taxi traffic

KEY STAT | Ride-hailing services accounts for a third of China&#8217;s taxi traffic

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

Electric Vehicles

How is the way we move evolving? Explore developments in autonomous transportation, electric vehicles, and more efficient urban transit.

Mobility

How do goods and people flow worldwide? Examine transport networks, logistics innovations, and policies shaping global connectivity.

Transportation

Europe

Japan

Automakers no longer need foreign joint venture partners as they expand overseas.

China's carmakers surge past Japan, European peers with AI, battery tech

China&#8217;s carmakers surge past Japan, European peers with AI, battery tech

What lies beyond familiar frontiers? Investigate emerging tech—like quantum computing and AI—transforming traditional sectors.

Deep Tech

Embodied Intelligence

How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

Robotics

The company builds on its background in computer vision technology.

Reconova targets embodied intelligence with robots deployed in airports

Cheng Zi is based in China, covering technology- and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

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Cheng Zi

Malaysia

Southeast Asia

The yard robotics company marks a mass production milestone.

Willand reaches one million units, expands production in China and Malaysia

KrASIA tracks China’s tech and business stories, alongside key developments across the broader Asia Pacific region.

China

Meet China’s Twilio: Cloopen | Morning Briefing Ep 2

ByteDance bets big on games with new Nuverse website

Temasek leads Black Lake investment in China’s thriving manufacturing software sector

KEY STAT | SoftBank-backed power bank rental firm Energy Monster plans US IPO

China enlists Ant-backed MYbank in expanding digital yuan trial

China issues new online loan rules to lower financial risk

China just 55th on e-commerce index due to low internet access

A ‘Xiaomi car’? Phonemaker reportedly targets EV production

KEY STAT | Ride-hailing services accounts for a third of China’s taxi traffic

Most Recent

China’s carmakers surge past Japan, European peers with AI, battery tech

Reconova targets embodied intelligence with robots deployed in airports

Willand reaches one million units, expands production in China and Malaysia