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

Kuaishou’s Kling AI surpassed a USD 100 million annualized run rate in March 2025, just ten months after launch. Monthly subscription bookings topped …

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

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

Creative

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

Deep Tech

What entertains a connected world? Track shifts in film, music, and media consumption, as platforms and audiences redefine cultural experiences.

Entertainment

China

FateTell blends Chinese metaphysics with AI, transforming ancient insights into a scalable digital business.

Think AI can’t tell your fortune? This startup tapping Eastern metaphysics says otherwise

Decoding China&#039;s tech and business pulse

KrASIA

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

AI Now!

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

Consumer Economy

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

Retail

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

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

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

Australia

India

Oceania

Singapore

Southeast Asia

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

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.

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

<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.

<a href="/company/alibaba">Alibaba</a> has released the embedding series of its Qwen 3 model to developers, aiming to improve text and code understanding across more than 100 languages. Trained using a three-stage process, the models reportedly top Hugging Face’s benchmark and support advanced retrieval and reranking tasks.

Manus has launched an AI-powered tool that turns user prompts into tailored, ready-to-edit slide decks. Designed for use cases from keynotes to classrooms, the tool supports real-time editing and seamless export to Google Slides or PowerPoint with full formatting intact.

China Renaissance disclosed it invested in Circle in 2018 through its Huaxing New Economy Fund, as shares in the USDC issuer surged 168% on their New York debut. The stake, likely under 5%, reflects the firm’s confidence in digital assets. China Renaissance shares also rose amid growing policy momentum for stablecoins in Hong Kong.

<a href="/company/meituan">Meituan</a> has launched an <a href="/industry/ai">AI</a> tool for hotel merchants, billed as the first of its kind, to optimize operations and boost efficiency. The move supports growing demand for personalized, bundled travel services as Meituan advances digital upgrades to better integrate lodging with lifestyle consumption across China’s hospitality sector.

Chengxin Lithium said its Murong mine in Sichuan, containing 989,600 tons of lithium oxide at a 1.62% grade, is under development and expected to deliver low-cost output. Its Sabi Star mine in Zimbabwe resumed operations in April with a new power plant, while its Indonesian lithium salt facility nears commercial supply. The firm is also expanding metal lithium production and R&amp;D in solid-state battery materials.

Shanghai-based Jin Jiang Hotels plans to issue H-shares and list on the Hong Kong Stock Exchange to support its global expansion strategy. Proceeds will fund overseas growth, loan repayments, and working capital. The firm aims to complete the listing within 24 months of shareholder approval and has appointed KPMG as auditor.

<a href="/company/meituan">Meituan</a> plans to launch two to three new drone delivery routes in Dubai in H2 2025, expanding its overseas footprint after <a href="https://kr-asia.com/meituans-drone-delivery-debuts-in-dubai-eyeing-a-future-in-last-mile-logistics">debuting the service there in December 2024</a>. The new routes are expected to operate along the Dubai Marina. Meituan is also adding routes in Hong Kong and Shanghai under its Keeta brand, anticipating that 10–15% of global instant deliveries will eventually go by air.

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.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

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.

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

The startup is building bots that prioritize emotional presence over technical perfection, hoping that’s what wins over families.

Joyin races to rewire homes with emotionally aware robots

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

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

Batteries

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

Energy

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

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

Kling AI tops USD 100 million in ARR

Latest Pulses

Most Recent

Joyin races to rewire homes with emotionally aware robots

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