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

Meituan is preparing to launch NoCode, an AI programming platform designed for non-technical users. Built by its R&amp;D efficiency team, NoCode enabl…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

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

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

Lending

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

Payments

China

Indonesia

Southeast Asia

With a localized strategy and China-tested tech, Yup is expanding credit access across emerging markets in the region.

Can Yup become Southeast Asia’s answer to Nubank?

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

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

Consumer Economy

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.

On-demand Services

Hong Kong

Middle East

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

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

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

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="/company/meituan">Meituan</a> is preparing to launch NoCode, an <a href="/industry/ai">AI</a> programming platform designed for non-technical users. Built by its R&amp;D efficiency team, NoCode enables dialog-based app creation with features like multi-step reasoning and automated deployment. Initially built for internal use, the tool marks Meituan’s first public-facing move to extend its AI strategy into productivity tools for merchants and general users.

Chinese autonomous driving startup WeRide has partnered with <a href="/company/tencent">Tencent Cloud</a> to support the global rollout of its robotaxi services. Tencent will provide localized, compliant cloud infrastructure to help WeRide build a stable, scalable network for autonomous driving operations in overseas markets.

<a href="/company/pony-ai">Pony.ai</a> reported Q1 2025 revenue of USD 14 million, up 11.6% YoY, fueled by a 200% rise in robotaxi services and 800% growth in fare-charging revenue. Net loss widened to USD 37.4 million on scaling and IPO costs, with non-GAAP net loss at USD 28.4 million. The company expanded in China, launched fleets with Toyota, BAIC, and GAC, and began pilot ops in Seoul and Luxembourg.

<a href="/company/byd">BYD</a> has signed an agreement with Car Inc to expand EV deployment ahead of summer 2025. Building on an April pilot, the deal includes vehicle procurement, joint marketing, data integration, and after-sales services, with Car Inc planning to scale up models like the Qin Plus DM-i and Bao 8.

Vipshop reported Q1 2025 revenue of RMB 26.3 billion, down 5% YoY, while net income fell 16% to RMB 1.94 billion. Despite declines in orders and active users, gross margin held steady at 23.2%, and non-GAAP net income reached RMB 2.31 billion. The company maintained profitability through cost discipline and continued buybacks under its USD 1 billion repurchase program.

ATRenew posted Q1 2025 revenue of RMB 4.65 billion, up 27.5% YoY, driven by trade-in subsidies, B2B growth, and improved pricing. The company returned to profitability with net income of RMB 42.8 million, reversing a RMB 92.9 million loss a year earlier. Adjusted net income rose 277% to RMB 78 million, while adjusted operating income grew 39.5% to RMB 111.9 million. ATRenew reaffirmed its Q2 revenue outlook of up to RMB 4.81 billion.

<a href="/company/bilibili">Bilibili</a> posted Q1 2025 revenue of RMB 7 billion, up 24% YoY, driven by 76% growth in mobile games and a 20% rise in advertising. Gross profit rose 58% with margin reaching 36.3%. The company narrowed its net loss by 99% to RMB 10.7 million and reported an adjusted net profit of RMB 361.5 million, while operating cash flow more than doubled to RMB 1.3 billion.

Dingdong Maicai has launched a platform-wide upgrade under its “4G” strategy, focusing on user experience, product quality, service, and brand. It restructured product teams, revamped its app with an AI diet assistant, and introduced premium zones for organic, low-GI, and clean-label foods. A traceability system is also in development to certify product origins and boost supply chain transparency.

Quantified Energy, a deep tech spinoff from SERIS at NUS, has closed an undisclosed Series A funding round led by Vertex Ventures SEAI. The company, which offers drone-based solar inspection technology, will use the funding to scale globally with a plug-and-play model for drone operators.

<a href="/company/tencent">Tencent</a> has launched Hunyuan-Game, a new platform that provides AI tools for game designers to rapidly generate concept art and 3D-ready assets from sketches or text prompts. Built on multimodal datasets and tailored for game development, Hunyuan-Game aims to significantly accelerate production workflows.

Tokyo-based Headline Asia has closed its fifth fund at USD 145 million to back early-stage tech startups across Japan, Taiwan, Southeast Asia, and selectively in South Korea. Backers include JIC, Taiwan’s NDF, South Korea’s KVIC, and SME Support Japan. The fund targets seed to Series A rounds in sectors such as e-commerce, fintech, AI, and logistics, and has already invested in 17 companies.

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

Retail

Bananain founder Zang Chongyu explains why physical stores matter, prices need defending, and why fashion still needs fun.

Not the next Uniqlo: Inside Bananain’s plan to stay meaningful, not massive

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

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

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

Founder Vakee Lai says Bobby marks a shift in retail investing from tools that explain markets to agents that interpret intent, manage risk, and trade in real time.

RockFlow’s Bobby is an AI agent that trades on your worldview, and it’s here

AI Now! is a global AI community of Chinese developers, professionals, and founders.

https://secure.gravatar.com/avatar/f0ec64bc524c1edf0ae454b5b9aabacd?s=96&d=blank&r=g

AI Now!

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

East Asia

Leapmotor

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

Backed by Stellantis, the Chinese automaker is narrowing losses and gaining ground at home, but trade tensions may cloud its European expansion.

Leapmotor rebounds in Q1 on strong EV sales, but Europe remains a looming test

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

Meituan unveils NoCode for non-tech builders

Latest Pulses

Most Recent

Not the next Uniqlo: Inside Bananain’s plan to stay meaningful, not massive

RockFlow’s Bobby is an AI agent that trades on your worldview, and it’s here

Leapmotor rebounds in Q1 on strong EV sales, but Europe remains a looming test