Alibaba

Baidu

ByteDance

Meituan

Pinduoduo

Tencent

Most Followed

KrASIA Connection

China's Auto Sector

Earnings Reports

Inside China's Startups

Venture Roundup

Our Events

View All

Collections

News

Features

Insights

Ecosystem

DeepSeek

Kuaishou

Li Auto

Xiaohongshu

Xiaomi

Xpeng

On the Radar

Ruili Kormee, a Chinese vehicle safety systems maker, has cleared its listing application as it seeks to fund R&amp;D and a new headquarters in Guangd…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

What guides machine-led insights? Uncover AI applications, language models, and decision-making systems transforming sectors worldwide.

Artificial Intelligence

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

Deep Tech

How is healthcare going digital? Investigate telemedicine, wearable sensors, and data-driven platforms improving patient experiences.

Health Tech

China

With real-time radar tracking and predictive AI, Tsingray lets families care from afar without wearables, cameras, or compromise.

How radar sensors—and a son’s worry—sparked a smarter eldercare system

Decoding China&#039;s tech and business pulse

KrASIA

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.

36Kr English

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

JD.com

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

On-demand Services

JD.com is entering China’s food delivery market, turning its logistics muscle into a platform for hot meals, groceries, and more.

JD.com sees financial surge in Q1, eyes food delivery as next big bet

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.

Sudo Lim

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.

Merger &amp; Acquisition

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

Private Equity

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

Venture Capital

Central Asia

Singapore

South Korea

Southeast Asia

Thailand

Vietnam

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

Deals in brief: Granite Asia leads investment in VFlowTech, Alterno and BrioHR raise funding, latest China deals, and more

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

Header Section | KrASIA

Home

Sections

Header Section

<a href="http://kormee.com/en/">Ruili Kormee</a>, a Chinese vehicle safety systems maker, has cleared its listing application as it seeks to fund R&amp;D and a new headquarters in Guangdong. The company is moving forward with its IPO following strong growth in brake electronics, reporting nearly RMB 2 billion in 2024 revenue and RMB 257 million in profit with a 29.7% gross margin. It aims to raise RMB 1.5 billion from the offering.

<a href="/company/tiktok-shop">TikTok Shop</a> has announced its 2025 summer campaign will span six markets: the US, UK, France, Germany, Italy, and Spain. Platform-wide promotions will debut in France, Germany, Italy, and Spain. The campaign will run in two waves: Europe from June 23 to July 1, and the US from July 7 to 19, focused on clearing inventory and testing seasonal products.

Asia had 646 unicorns by end-2024, with a combined valuation of USD 2.4 trillion, according to a recent report. China led with 454 firms, followed by India. Most unicorns are in software, transport, and deep tech, and 96% are valued under USD 10 billion. The average time to reach unicorn status is five years. ByteDance topped the list with a USD 300 billion valuation.

<a href="/company/ant-group">Ant Group’s</a> quarterly profit fell about 31% to an estimated RMB 5.3 billion as the firm ramped up investment in AI and overseas expansion. It contributed RMB 1.76 billion to <a href="/company/alibaba">Alibaba’s</a> earnings. Ant is applying AI across services, using domestic chips to cut training costs, and continues to prepare its tech units for potential spinoffs while exploring a Hong Kong IPO.

<a href="/company/alibaba">Alibaba</a> reported a 93% YoY increase in operating income for the March 2025 quarter, driven by strong cloud revenue and sustained triple-digit growth in AI products. Total revenue rose 7% to RMB 236.5 billion, while net income reached RMB 11.97 billion. The company declared USD 4.6 billion in dividends for the fiscal year.

<a href="/company/catl">CATL</a> has established a new subsidiary in Suizhou, Hubei, focused on energy tech R&amp;D, battery swapping, and EV sales. The firm, registered with RMB 5 million in capital, is wholly owned by CATL’s regional green energy unit.

<a href="/company/jd">JD Logistics</a> has begun operating its first overseas warehouse in Mexico City, targeting one-day delivery for a global fashion e-commerce firm. The 40,000-square-meter warehouse also supports local businesses and partners, offering large-item delivery and installation services across Mexico.

Chinese regulators have summoned <a href="/company/jd">JD.com</a>, <a href="/company/meituan">Meituan</a>, and <a href="/company/ele-me">Ele.me</a> over concerns of unfair competition and labor practices in the food delivery industry, citing aggressive subsidy tactics and alleged restrictions on riders. The move follows JD's recent entry into the market with fee waivers and social insurance pledges.

Trust in <a href="/collections/china-automobile">Chinese automakers</a> rises 30% after purchase, compared to just 6% for European brands, a new report shows. Buyers frequently cite high satisfaction with technology, design, and value—especially in emerging markets. While pre-purchase doubts around safety and reliability remain, the findings suggest unfamiliarity, not product flaws, is the main driver of skepticism.

<a href="/company/starbucks">Starbucks</a> has contacted investors to explore options for its China operations, which generate around USD 740 million in quarterly revenue, compared to <a href="/company/luckin-coffee">Luckin Coffee’s</a> USD 1.2 billion. Amid rising local competition, the US chain is weighing a potential stake sale but maintains that it remains committed to long-term growth in China, its second largest market.

<a href="/company/geely">Geely’s</a> Q1 2025 net profit surged 264% YoY to RMB 5.67 billion, driven by cost controls, stable margins, and subsidiary contributions including Zeekr and Lynk &amp; Co. Revenue rose 24.5% to RMB 72.5 billion, while pre-tax profit increased 323%, highlighting gains from consolidated operations and improved gross profit at Zeekr.

https://secure.gravatar.com/avatar/6ff53490f679f358bf543998d228fb32?s=96&d=blank&r=g

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

Ruili Kormee clears IPO hurdle in China

Latest Pulses

Most Recent

JD.com sees financial surge in Q1, eyes food delivery as next big bet

Deals in brief: Granite Asia leads investment in VFlowTech, Alterno and BrioHR raise funding, latest China deals, and more

How radar sensors—and a son’s worry—sparked a smarter eldercare system