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Pop Mart claimed the top spot on TikTok Shop US in April, leaping 18 places month-on-month with estimated sales of USD 6–7 million. Fueled by demand f…

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

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Transsion’s localization playbook made it a leader in markets others ignored. Now, competitors are catching on.

Once untouchable in Africa, Transsion now faces a wave of challengers

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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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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

Sohu, a Chinese internet company, offers diverse services including news aggregation, online gaming, and video streaming.

Sohu

What drives digital storytelling? Examine content creation, distribution channels, and media platforms connecting audiences worldwide.

Content

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

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

Gaming

Gaming kept Sohu’s margins high, but with weak ad returns and slowing mobile user growth, the company risks being left behind.

Sohu’s ad revenue fades as it clings to gaming for stability

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

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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.

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<a href="/company/pop-mart">Pop Mart</a> claimed the top spot on TikTok Shop US in April, leaping 18 places month-on-month with estimated sales of USD 6–7 million. Fueled by demand for collectibles and IP-driven merchandise, the brand outperformed established players in beauty and health, including Medicube and Tarte Cosmetics.

Malaysia’s MDEC and China’s CICC Capital have signed an MoU to launch a fund targeting gaming and digital content firms expanding into Malaysia. The initiative will focus on PIPE deals and growth-stage ventures, aiming to strengthen cross-border collaboration in the digital sector.

Niu Technologies posted Q1 revenue of RMB 682 million, up 35.1% YoY, driven by a 57.4% surge in e-scooter sales. Net loss narrowed to RMB 38.8 million, though gross margin fell to 17.3%, weighed down by a 14.2% drop in revenue per unit amid lower pricing in China and rising costs overseas.

BeiDou, China’s equivalent of GPS, processed over one trillion location requests per day in 2024, according to the national satellite navigation association. 11 major digital map providers now use BeiDou as it moves toward full lane-level road coverage nationwide.

<a href="/company/sohu">Sohu’s</a> Q1 results highlighted the widening gap between its stable gaming business and a weakening media arm. Online game revenue held at USD 117 million with gross margins of 85%, while marketing services fell 15% YoY to a multi-year low of USD 14 million. Total revenue for the quarter was USD 136 million, down 3% from a year earlier.

Lalamove has launched operations in the UAE, offering on-demand delivery in Dubai and select services in Sharjah and Abu Dhabi. The logistics platform aims to support local SMEs with real-time tracking and a flexible vehicle fleet, helping meet rising regional e-commerce demand.

<a href="/company/xiaomi">Xiaomi</a> plans to invest at least RMB 50 billion in chip design over the next decade, starting in 2025, according to founder Lei Jun. The firm has already spent over RMB 13.5 billion developing its XringO1 chip and employs over 2,500 in its chip unit.

At a May 17 forum, Sohu CEO Charles Zhang called for clear thinking amid <a href="/industry/ai">AI</a> advances, warning that easy access to information can obscure truth. Zhang was speaking alongside fellow panelists who concurred that AI should augment and not replace human cognition, as applications such as <a href="/industry/robotics">humanoid robotics</a> scale across sectors.

At Computex, <a href="/company/nvidia">Nvidia</a> unveiled several new <a href="/industry/ai">AI</a> products including RTX Pro servers, touted as faster than its H100 GPU, and DGX Cloud Lepton, a service that connects AI developers to computing resources. CEO Jensen Huang also announced that GB300 systems will launch in Q3 2025 and outlined a more open chip design strategy.

China’s industrial output rose 6.1% in April, beating expectations despite a slowdown from March. Retail sales growth, however, eased to 5.1%, highlighting weak consumer demand amid property woes and job insecurity. Economists warn these pressures may not be fully offset by the recent pause in US-China tariff tensions.

Tencent Cloud and Xuanwu Cloud signed a partnership on May 16 to co-develop AI-driven retail solutions, combining <a href="/company/tencent">Tencent's</a> smart retail ecosystem with Xuanwu's AI capabilities. The collaboration also includes building next-gen cloud communications infrastructure and integrated enterprise services.

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

Deep Tech

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

Seauto’s robots are affordable, durable, and built to undercut the industry’s biggest names.

At USD 90 per unit, Seauto is quietly sweeping the pool robot market

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

E-commerce

How do goods cross borders seamlessly? Examine warehousing tech, route optimization, and data analytics building efficient supply chains.

Logistics

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

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Hong Kong

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The logistics platform joins a crowded field but aims to win on transparency, tech, and adaptable delivery services.

Pop Mart leads TikTok sales in April

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At USD 90 per unit, Seauto is quietly sweeping the pool robot market

Sohu’s ad revenue fades as it clings to gaming for stability

With UAE launch, Lalamove bets its SME-first model can scale in the Gulf