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Xiaomi founder Lei Jun expects the company’s EV business to turn profitable in the second half of 2025, driven by strong SU7 sedan sales and narrowing…

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

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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.

How are driverless systems redefining mobility? Uncover sensor technologies, regulatory frameworks, and AI driving cars without human intervention.

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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.

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Chen Guang joins Xiaomi to strengthen its assisted driving push as the company works to catch up with China’s leading EV players.

Xiaomi taps FAW veteran to steer its next phase in assisted driving

Decoding China&#039;s tech and business pulse

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

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Prada, Wynn, and others are betting on lifestyle experiences to offset slowing retail, but the real shift may be cultural.

As China’s luxury market cools, brands turn to food and wine to stir demand

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Deals in brief: RadNet acquires See-Mode, Syfe raises additional Series C funding, latest China deals, 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/xiaomi">Xiaomi</a> founder Lei Jun expects the company’s <a href="/industry/ev">EV</a> business to turn profitable in the second half of 2025, driven by strong SU7 sedan sales and narrowing losses. The outlook comes as <a href="/collections/china-automobile">China's EV price war</a> heats up, with <a href="/company/byd">BYD</a> announcing cuts and state media warning of risks to supply chains and China’s manufacturing image. Xiaomi plans to launch its first SUV in July.

The Switch 2, Nintendo's follow-up to its hit console, went on sale globally on June 5. Early demand outpaced supply in Japan and China, with US retailers reporting sellouts. Priced at USD 449, it is Nintendo’s most expensive console yet. The company expects to sell 15 million units this fiscal year, though analysts say that may be conservative amid US tariff uncertainty.

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<a href="/company/kuaishou">Kuaishou’s</a> Kling AI surpassed a USD 100 million annualized run rate in March 2025, just ten months after <a href="https://kr-asia.com/kuaishous-kling-ai-video-generator-launches-globally-to-challenge-openais-sora">launch</a>. Monthly subscription bookings topped RMB 100 million in both April and May. The latest Kling AI 2.1 model features enhanced visuals, improved semantic precision, and 1080p support, and now serves over 10,000 global clients.

Chinese <a href="/industry/energy">energy</a> financing in Africa has dropped 85% since 2015, steering the continent toward private capital and clean energy, according to the IEA. Public and DFI funding fell to USD 20 billion in 2024, while private clean energy investment more than doubled to USD 40 billion, led by solar power and <a href="/industry/ev">EVs</a>.

Builder.ai filed for Chapter 7 bankruptcy in Delaware after creditors seized most of its cash. Once valued at USD 1.5 billion, the Microsoft-backed firm had overstated 2024 sales by 300% and was linked to alleged fictitious deals with VerSe. Despite a board shakeup and audit, the startup collapsed after raising USD 450 million. Its founder stepped down in February.

Chinese President Xi Jinping and US President Donald Trump spoke by phone on June 5 and reaffirmed their commitment to the Geneva trade agreement. Xi called for steady leadership and urged the US to lift punitive measures, while Trump voiced support for deeper engagement. Both sides agreed to hold another round of talks soon.

Coinbase CEO Brian Armstrong plans to fund a startup focused on gene editing in human embryos, a first for the private sector in a field long shaped by <a href="https://www.science.org/content/article/crispr-bombshell-chinese-researcher-claims-have-created-gene-edited-twins">the CRISPR controversy</a>. He is recruiting scientists to apply base editing, a DNA-altering method considered more precise than earlier tools, to target genetic disease. The effort may test legal and ethical limits in the US.

FountainVest Partners plans to sell half its stake in Amer Sports for about USD 1.3 billion, reducing its holdings to 6.2%. The Chinese firm joined Anta, <a href="/company/tencent">Tencent</a>, and Chip Wilson in the 2018 acquisition. In Q1 2025, Amer’s revenue rose 23% YoY to USD 1.47 billion. Arc'teryx was a key driver, generating over USD 2 billion in 2024 sales.

<a href="/company/meituan">Meituan’s</a> Dianping app has launched a “premium delivery” feature in cities like Guangzhou and Shenzhen, showcasing top-rated, licensed vendors across six categories. Orders are completed in-app, with daily vouchers offered to boost usage. The update leverages Dianping’s review data to build a closed content-commerce loop.

Talent New Energy has unveiled its "cold core" battery technology to improve fast charging and thermal management in cylindrical <a href="/industry/ev">EV</a> cells. Its 4695 and 50190 series support 6C charging, reaching 80% charge in nine minutes, and operate across extreme temperatures, addressing limitations of the cylindrical format.

<a href="/company/didi">Didi</a> posted a Q1 2025 profit of RMB 2.4 billion, nearly tripling YoY, driven by operating efficiency gains and a 22.5% rise in platform sales. Adjusted EBITDA more than doubled to RMB 3.1 billion. Transactions grew 13.4% to 4.25 billion, led by record daily rides in China, while international losses narrowed amid Latin America growth.

How do we store tomorrow’s power? Evaluate battery R&amp;D, manufacturing progress, and recycling strategies fueling energy independence.

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How is power evolving? Review renewable sources, grid innovations, and efficiency measures driving cleaner, more resilient energy systems.

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The Chinese firm hopes its “cold core” architecture will reshape expectations for the 4680 form factor.

Can cylindrical EV batteries make a comeback? Talent New Energy thinks so

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The Shandong-born chain is expanding beyond its home turf, betting that supply chain depth and value pricing can win over diners nationwide.

Call it China’s Saizeriya: Chaoyixing scales fast food with low costs and margins

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Xiaomi sees EV unit turning profit soon

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Can cylindrical EV batteries make a comeback? Talent New Energy thinks so

Call it China’s Saizeriya: Chaoyixing scales fast food with low costs and margins

Deals in brief: RadNet acquires See-Mode, Syfe raises additional Series C funding, latest China deals, and more