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TikTok will invest EUR 1 billion to build a new data center in Kouvola, Finland, as part of its EUR 12 billion “Project Clover” to strengthen data pro…

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BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

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

Explore East Asia’s thriving tech hubs, global electronics producers, and fast-evolving digital platforms shaping cross-border innovation.

East Asia

Geely, a Chinese automaker, integrates advanced engineering, EV tech, and international brand acquisitions to expand its global footprint.

Geely

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

Xiaomi

Zeekr crafts premium electric vehicles with smart connectivity, performance enhancements, and sleek luxury appeal for modern drivers.

Zeekr

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

"Intelligent assisted driving" becomes the mantra at Auto Shanghai amid regulatory scrutiny.

Chinese EV makers pivot to safety after ban on "exaggerated" ads

Decoding China&#039;s tech and business pulse

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

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Photo of Venetia Lee, CEO of AlipayHK and general manager of Ant International for the Greater China region.

Alipay, a fintech platform by Ant Group, offers mobile payments, financial services, and e-commerce integrations, supporting transactions globally.

Alipay

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

Ant Group

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

Consumer Services

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

Fintech

How do policies adjust to a data-rich world? Explore usage-based coverage, automated claims, and analytics guiding risk assessment.

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

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Focusing on transport, dining, payments, and cross-border travel, AlipayHK wants to evolve into a platform that quietly handles the rhythms of daily life.

“We aspire to become Hong Kong’s superapp,” says AlipayHK CEO Venetia Lee

T. K. Lin

How do markets shape wealth creation? Study portfolio diversification, asset classes, and strategies balancing growth and risk.

Investment

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

Why do firms join forces? Investigate synergy goals, valuation methods, and negotiations driving corporate consolidation.

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

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What fuels startup ecosystems? Review funding rounds, investor strategies, and market insights guiding entrepreneurial growth.

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Deals in brief: DailyCo acquires Waku to grow in Indonesia, Neufast raises pre-Series A funding, latest China investments, and more

An alias used when humans and machines team up in our newsroom. Articles under this byline may be shaped with the help of AI, but are always vetted by a human before publication.

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

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<a href="/company/tiktok">TikTok</a> will invest EUR 1 billion to build a new data center in Kouvola, Finland, as part of its EUR 12 billion “Project Clover” to strengthen data protection in Europe. The facility will support local data storage, stricter privacy safeguards, and regional digital infrastructure, with oversight from cybersecurity firm NCC Group.

<a href="/company/geely">Geely</a> has announced plans to acquire the remaining 34.3% of Zeekr it doesn’t already own, offering a 13.6% premium in a deal worth about USD 2.2 billion. The move would delist Zeekr less than a year after its US IPO, amid trade tensions and policy shifts encouraging Chinese firms to return to domestic or Hong Kong markets.

<a href="/company/grab">Grab</a> has appointed advisors to explore a potential USD 7 billion takeover of Indonesian rival <a href="/company/goto">GoTo</a>, sources said, suggesting talks may be advancing. The deal would involve most of GoTo’s operations, excluding its finance unit, and could face regulatory scrutiny in Indonesia and Singapore, where a merger would significantly reshape market share.

<a href="/company/baidu">Baidu</a> has filed a patent for AI technology that interprets animal emotions by analyzing “voice, body language, behavioral changes, and other biological signs,” then translating them into human language. The system uses deep learning and NLP, but Baidu hasn’t disclosed its intended use. Approval could take up to five years. It remains unclear if the tech will be commercialized.

Shares of Auntea Jenny rose 62.5% to HKD 183.8 in gray market trading ahead of its Hong Kong listing on May 8, lifting its market cap to HKD 18.8 billion. It is China’s fourth largest made-to-order tea chain and follows Naixue, ChaPanda, GoodMe, and Mixue Bingcheng as the latest entrant to the public market.

Uber will inject an additional USD 100 million in WeRide, its largest such investment to date, as the two expand robotaxi deployment to 15 cities across Europe and the Middle East. The move builds on a 2023 investment and reflects growing reliance on Chinese tech partners in global ride-hailing strategies.

Chinese EV makers have reported limited impact from recent US tariff hikes, pointing to earlier moves to localize sourcing and diversify supply chains. As automakers like <a href="/company/tesla">Tesla</a> face rising costs and production challenges, China’s EV sector has remained relatively stable amid ongoing trade tensions.

<a href="/company/alibaba">Alibaba’s</a> Taobao and Tmall Group has deepened its partnership with social platform <a href="/company/xiaohongshu">Xiaohongshu</a>, enabling merchants to embed direct product links in content posts. Initially piloted in select categories, the feature aims to boost conversion by streamlining the path from content discovery to checkout.

<em>Honor of Kings</em>, a popular MOBA published by <a href="/company/tencent">Tencent</a>, led global mobile game revenue in April 2025, boosted by Sanrio-themed content. China’s iOS market ranked second globally, accounting for 18.8% of total spending. Chinese publishers also gained early traction with new titles like NetEase’s <em>Once Human</em>, which placed in the top five for download growth.

<a href="/company/tesla">Tesla</a> said Chinese buyers now enjoy the world’s lowest Model 3 and Y prices, enabled by 95% local sourcing at its Shanghai gigafactory. In a Weibo post, VP Grace Tao credited the company’s collaboration with over 400 Chinese suppliers, more than 60 of which have joined Tesla’s global procurement network.

Shares of China's iMotion rose over 11% intraday in Hong Kong after it signed a framework agreement with Malaysia’s Delloyd Group to expand ADAS offerings in Southeast Asia. The company said it delivered 227,000 smart driving systems in 2024, a 75% YoY increase, and reported growing demand from both legacy and emerging automakers.

With contingency plans and supplier alternatives lined up, Chinese automakers appear ready for the turbulence.

Trump’s new tariffs rattle supply chains, but China’s EV firms aren’t blinking

36Kr is China's most influential business and technology network, delivering high-quality content focused on China’s innovation and new economy trends since 2010. With its extensive traffic and network, 36Kr has built a comprehensive database and strong data analytics capabilities to provide insights into China’s technology landscape.

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36Kr English

How do ideas shape industries? Learn how content, design, and digital artistry influence branding, marketing, and cultural impact.

Creative

Where do style and commerce meet? Examine supply chains, sustainable sourcing, and digital trends influencing global fashion markets.

Fashion

How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

Retail

Once mistaken for a foreign brand, Pelliot is now bound for an IPO as one of China’s top outdoor apparel labels.

Budget brand no more? Pelliot readies Hong Kong IPO after profit surge

Photo of an outdoor setup showcasing Asmoke’s smart electric grill.

Asmoke is reengineering barbecue with sensors and startup swagger, betting that pitmasters are ready for a tech upgrade.

TikTok to build data center in Finland

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