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Faraday Future said it has signed B2B preorder agreements for 4,000 units of its FX Super One EV, including 1,000 units from real estate brokerage Pin…

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FinVolution’s 2025 data science contest will focus on deepfake image detection.

FinVolution launches tenth global data science competition with a focus on deepfake image detection

Decoding China&#039;s tech and business pulse

KrASIA

CHENG Zi is based in China, covering technology and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

Cheng Zi

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

China

DJI sets industry standards in drone technology, offering aerial imaging, filming solutions, and advanced flight controls for professionals and hobbyists.

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

East Asia

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

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

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

Entertainment

What grounds digital progress in physical form? Analyze chipsets, sensors, and advanced components driving device performance.

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With DJI preparing to enter its core segment, Insta360 faces the challenge of defending its moat through continued innovation.

Insta360’s IPO pop signals confidence, but the real challenge lies ahead

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.

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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.

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What happens after acquisitions close? Examine deal structures, operational improvements, and exit strategies molding corporate outcomes.

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

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

Deals in brief: Salmon raises USD 88 million, InstaPay closes Series A2 round, ten 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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Faraday Future said it has signed B2B preorder agreements for 4,000 units of its FX Super One <a href="/industry/ev">EV</a>, including 1,000 units from real estate brokerage Pinnacle and 500 from social commerce agency Telling. The company said its asset-light B2B2C sales model is driving preorder momentum without relying on traditional dealerships.

At the World Economic Forum, premier Li Qiang reaffirmed China’s confidence in long-term growth despite deflationary pressure and trade tensions. He cited efforts to boost consumption and stabilize housing, while warning of rising supply chain risks amid global fragmentation.

<a href="/company/tencent">Tencent</a> will bring Supercell games like <em>Brawl Stars</em> to WeChat as mini games, expanding the app’s entertainment features and monetization efforts. Supercell, which Tencent owns, posted a 77% revenue jump in 2024 and plans to launch <em>Clash Royale</em> on WeChat in September.

China’s <a href="/industry/ai">AI</a> spending is projected to reach RMB 600–700 billion in 2025, according to a Bank of America report. Most of the investment will go toward data centers and energy infrastructure, backed by government and major tech firms. The buildout comes as China seeks to compete with US efforts like the Stargate project amid rising tech restrictions.

A US judge ruled that Anthropic’s use of copyrighted books to train <a href="/industry/ai">AI</a> models without author consent qualifies as “fair use,” marking the first court endorsement of such practices by a major tech firm. The decision sets a precedent in ongoing legal battles over AI training data.

<a href="/company/byd">BYD</a> has reduced shifts and delayed expansion at some factories in China amid rising inventory and softening sales, according to sources. Output growth slowed to its lowest in over a year between April and May, while dealer stockpiles reached 3.2 months, adding pressure on margins and supply chains.

<a href="/company/catl">CATL</a> is prioritizing overseas expansion as China’s <a href="/industry/ev">EV</a> market reels from overcapacity and price wars. At the World Economic Forum, manufacturing chief Ni Jun said fierce domestic competition is damaging the industry, spurring a global shift. A Hungary plant will open this year, with <a href="/industry/ai">AI</a> and modular production strategies aimed at cutting costs abroad.

<a href="/company/openai">OpenAI</a> CEO Sam Altman said US President Donald Trump “really gets” the economic and geopolitical implications of <a href="/industry/ai">AI</a>, citing recent talks and their collaboration on Stargate, a USD 100 billion infrastructure plan. Altman made the remarks in a podcast interview, calling Trump a leader who understands the stakes of advancing AI.

<a href="/company/alibaba">Alibaba Cloud’s</a> Model Studio and Alipay have introduced a tipping feature that lets users send direct payments to AI agent developers. Activated via Alipay, the tool provides a new monetization channel as adoption of personalized AI services continues to grow.

<a href="/company/xiaomi">Xiaomi</a> will open its first store in South Korea on June 28 at Seoul’s IFC Mall. The 60-square-meter location will offer integrated sales and after-sales support for all product lines, including smartphones and IoT devices, with express delivery and service perks. The opening will feature product launches and promotional gifts.

Cao Cao Mobility began trading on the Hong Kong Stock Exchange on June 25, becoming the city’s largest listed ride-hailing platform. Shares fell 14.7% below the IPO price at open, valuing the <a href="/company/geely">Geely</a>-backed firm at HKD 19.45 billion and marking founder Li Shufu’s tenth IPO.

What guides machine-led insights? Uncover AI applications, language models, and decision-making systems transforming sectors worldwide.

Artificial Intelligence

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

Consumer Economy

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

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Founder Wu Dezhou says depth in niche markets matters more than mass appeal when building consumer wearables.

The Garmin of AI glasses? ARknovv’s smart specs are built for athletes, not the masses

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

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Coffee

With over 150 stores and renewed profitability, boutique coffee chain Algebraist Coffee is staying selective and staying in the game.

Profit over pace: Algebraist Coffee finds footing after China’s coffee shakeout

A price reset and a hard push on Douyin and Pinduoduo fueled Three Squirrels’ turnaround, driving sales back to their 2019 highs.

Faraday Future secures 4,000 FX preorders

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The Garmin of AI glasses? ARknovv’s smart specs are built for athletes, not the masses

Profit over pace: Algebraist Coffee finds footing after China’s coffee shakeout

From slump to RMB 10 billion comeback: How a Chinese snack brand found new life in social commerce