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Yonghui Superstores said it aims to complete upgrades at 200 locations by September 30, doubling its previous pace. The overhaul will focus on employe…

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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

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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.

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

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Yonghui Superstores said it aims to complete upgrades at 200 locations by September 30, doubling its previous pace. The overhaul will focus on employee training and private-label product development, with store relaunches expected daily throughout Q3. The company has completed over 100 remodels since launching the effort in May 2023.

<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.

<a href="/company/lenovo">Lenovo</a> has upgraded its "Hybrid AI Advantage" platform, boosting infrastructure, lifecycle services, and global partner integration to support scalable <a href="/industry/ai">AI</a> deployment across industries. The company reported a 40% YoY rise in enterprise AI adoption, with some clients seeing a 31% increase in efficiency.

WeChat mini games saw PC usage climb 55% over the past year, fueling a 40% expansion in commercial scale and a threefold increase in paid user acquisition. Livestream watch time rose 54%, and short video views grew 22%. Over 300 titles reportedly surpassed RMB 10 million in quarterly revenue, with nearly 70 reaching 1 million DAUs.

Accounting software firm Xero will acquire Melio Payments for up to USD 2.5 billion in its largest deal to date, aiming to accelerate growth in the US and expand services for small businesses. The cash-and-stock transaction includes USD 500 million in potential earnouts, with Melio’s CEO set to lead the US operations.

A Chinese team led by Nankai University has completed what it calls the world’s first human trial of a brain-computer interface implanted via blood vessels, helping a paralyzed patient regain limb movement. Unlike Neuralink’s open-skull approach, the method reportedly reduces risk and shortens recovery time.

Prices for drone parts shipped from China to the US have surged as much as fourfold since Beijing imposed export controls on dual-use technologies in 2024, customs data shows. Infrared device exports to the US fell 60%, inertial sensor exports dropped 90%, and sales to Russia climbed, signaling a shift in global drone supply chains.

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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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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.

Yonghui to revamp 200 stores by September

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