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

Singapore's Kind Kones has raised more funds in a Series A extension round backed by Epic Angels and other F&amp;B-focused investors. The company, whi…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

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

China

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

Decoding China&#039;s tech and business pulse

KrASIA

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

AI Now!

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

Investment

How does information move at light speed? Review 5G rollouts, fiber networks, and connectivity standards advancing global communication.

Telecommunications

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

Venture Capital

Singapore

Southeast Asia

Armed with new funding and a GlobalTix tie-up, Firsty is pushing a future where mobile connectivity comes pre-installed.

Can Firsty kill the SIM card? A fresh fundraise and travel tech deal give it a shot

T. K. Lin

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

Indonesia

Vietnam

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

Deals in brief: CrediLinq secures Series A funding, Vertex Ventures backs Quantified Energy, Ringkas raises 5.1 million, 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.

Sudo Lim

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

Header Section | KrASIA

Home

Sections

Header Section

Singapore's Kind Kones has raised more funds in a Series A extension round backed by Epic Angels and other F&amp;B-focused investors. The company, which makes dairy-free frozen desserts, plans to scale across Southeast Asia and Dubai through a mix of franchised and owned outlets.

Shares of China’s largest drugmaker, Hengrui Pharmaceuticals, opened 29% higher in its Hong Kong debut after raising HKD 9.9 billion, making it one of the year’s largest listings. The proceeds will support its global R&amp;D in oncology, cardiometabolic, and neurological drugs, as the firm seeks its first overseas approvals. The IPO adds momentum to Hong Kong’s rebounding capital markets.

Hong Kong has passed a law requiring fiat-backed stablecoin issuers to obtain licenses and meet reserve and asset segregation rules, expanding its crypto regime beyond existing virtual asset regulations. Set to take effect this year, the policy aligns Hong Kong with global efforts to legitimize stablecoins and promote secure, regulated digital finance.

DeepRoute.ai CEO Maxwell Zhou said <a href="/company/tesla">Tesla</a> remains ahead in <a href="/industry/autonomous-vehicles">autonomous driving AI</a>, though “Chinese companies are catching up real quick.” He attributed the US lead to a deeper AI talent pool, while highlighting China’s manufacturing strength. Zhou said DeepRoute.ai is exploring OEM partnerships as part of its expansion but did not name specific firms or regions.

Amap has launched full ride-hailing services in its English-language app, enabling international users in more than half of China’s cities to book rides, view fares, and navigate pickup points in English. The rollout aims to boost the app’s appeal among foreign travelers and residents.

Alibaba-backed <a href="/company/cainiao">Cainiao</a> has expanded its logistics network in Spain and Portugal, adding parcel collection in Lisbon and five Spanish cities. Its Iberian operations now span 11 cities, with 61 last-mile stations reaching 88% of Spain’s population. Next-day delivery is available in 36 cities, as Cainiao deepens local service for e-commerce sellers.

L’Oreal has taken a minority stake in Chinese biotech firm Veminsyn to co-develop sustainable bioactive ingredients for cosmetics. Backed by L'Oreal's BOLD fund and China’s Meicifang Investment, the partnership will harness Veminsyn’s molecular design and biomanufacturing capabilities to advance sustainable and open innovation.

Singapore-based cancer diagnostics firm MiRXES has listed on the Hong Kong Stock Exchange, with shares jumping 24.5% above the HKD 23.3 offer price on debut. The stock was trading at HKD 30 as of 3:00 p.m. local time. The company plans to use most of the IPO proceeds to fund R&amp;D and commercialize its early cancer detection solutions.

Chinese researchers led by Microquanta Semiconductor have developed a 3D laminar flow coating technique that enables stable, high-yield production of perovskite solar panels at near-square-meter scale. The method improves crystallization, reduces defects, and enhances durability. A 500 kW pilot station using the tech reportedly outperformed silicon modules by over 30% in output under hot weather conditions.

Sany Heavy Industry has submitted a listing application to the Hong Kong Stock Exchange, naming CLSA as overall coordinator. No securities are currently being offered and that regulatory approval is pending. Final terms, including offer size and timetable, will be disclosed in a prospectus if the application proceeds.

Apple plans to launch smart glasses by late 2026, featuring cameras, microphones, and Siri integration, as it steps up its AI hardware push. The company has shelved plans for a camera-equipped smartwatch and is accelerating chip production for the glasses. The move comes as Apple races to catch up with Meta and others in the wearables market.

How do connected devices shape daily life? Examine IoT sensors, data platforms, and security protocols integrating smart tech into homes and cities.

Internet of Things

The company’s sensors weave into textiles and surfaces, offering a scalable haptics solution for robots, vehicles, and smart environments.

With fresh funding, JQ Industries bets on fiber sensors to give machines a sense of touch

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.

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

36Kr English

Image of the YU7, a pure electric SUV by Xiaomi. It is scheduled for release in mid-2025.

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

East Asia

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

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

With the YU7, Xiaomi seeks not only redemption, but a shot at surpassing Tesla.

After SU7 setback, Xiaomi reboots EV push with safer, smarter YU7

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

With clients like BYD and Ecovacs, the Shenzhen-based firm says its purpose-built tightening robots can outperform generic systems.

Kind Kones extends Series A for SEA, Dubai growth

Latest Pulses

Most Recent

With fresh funding, JQ Industries bets on fiber sensors to give machines a sense of touch

After SU7 setback, Xiaomi reboots EV push with safer, smarter YU7

A smarter way to tighten screws? Slabor lands early funding to prove it