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

JD Logistics has unveiled an autonomous electric van it says is designed to support Level 4 self-driving and offers 24 cubic meters of cargo space. In…

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

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 massive demand and long lead times, Xiaomi is turning up the pressure on rivals in pricing, production, and positioning.

Xiaomi’s YU7 preorder frenzy signals a new phase in China’s EV race

Decoding China&#039;s tech and business pulse

KrASIA

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

Cotti Coffee, founded by Luckin Coffee's original team, is a coffee chain known for its aggressive expansion, affordable pricing, and global ambitions.

Cotti Coffee

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

Coffee

The Chinese coffee chain plans to deploy 1,100 regional managers as it works to shore up its low-cost, franchise-driven model.

After racing to 15,000 stores, Cotti Coffee gets serious about quality control

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

Indonesia

Singapore

Southeast Asia

Vietnam

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

Deals in brief: Monit raises USD 2.5 million, GreenTeams and AI Hay land Series A rounds, latest China funding deals, and more

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

Header Section | KrASIA

Home

Sections

Header Section

<p data-start="919" data-end="1242">JD Logistics has unveiled an autonomous electric van it says is designed to support Level 4 self-driving and offers 24 cubic meters of cargo space. Introduced at a transport expo on July 2, the new vehicle, along with expanded robot and drone fleets, marks JD’s latest push to scale smart logistics across China.</p>

Chinese <a href="/industry/ai">AI</a> firm <a href="/company/deepseek">DeepSeek</a> has resumed hiring on LinkedIn after months of inactivity, posting ten job listings for positions in Hangzhou and Beijing. The move may indicate a bid to attract overseas talent as global competition for AI engineers intensifies.

<a href="/company/byd">BYD</a> is closing in on Honda and Mitsubishi in Southeast Asia, selling over 11,000 vehicles in April across Indonesia, Malaysia, Thailand, and the Philippines. Backed by price competitiveness, local infrastructure growth, and new factories, the Chinese <a href="/industry/ev">EV</a> maker has also surpassed Mazda and Nissan in regional sales.

<a href="/company/xiaomi">Xiaomi</a> won’t consider exporting its <a href="/industry/ev">EVs</a> before 2027, CEO Lei Jun said in a live stream, citing strong demand for the SU7 and YU7 in China. The YU7 SUV triggered long wait times just days after launch, prompting backlash from buyers as the company works to scale production.

Indonesia plans to impose a 0.5% sales tax on <a href="/industry/e-commerce">e-commerce</a> sellers with annual revenue between IDR 500 million and IDR 4.8 billion to balance competition with offline merchants. <a href="/company/shopee">Shopee</a>, <a href="/company/tiktok-shop">TikTok Shop</a>, and the local e-commerce association have called for a gradual rollout and urged the government to provide support to ease the transition.

TikTok has initiated a third round of layoffs at the US unit of TikTok Shop as it restructures following missed sales targets. The company is also shifting management roles to <a href="/company/bytedance">ByteDance</a>-linked staff in China while facing a looming US divestment deadline.

WeRide has secured a permit to test its autonomous Robovan W5 in Huangpu, Guangzhou, marking its second approval in the city and making it the first company authorized for such trials in the district. The Level 4 delivery vehicle is designed for urban logistics, featuring modular cargo space and full-sensor safety systems.

<a href="/company/honor">Honor</a> has launched the Magic V5, a foldable phone measuring 8.8 millimeters when folded, making it one of the slimmest models to date. Debuting just ahead of Samsung’s Z Fold 7, the device features a 7.95-inch display, Snapdragon 8 Elite chip, and up to one terabyte of storage, with sales starting in China at RMB 8,999.

China’s Skyworth Group will acquire part of Funai Electric’s TV business, including its North American operations under the Philips brand, as Funai undergoes bankruptcy proceedings. Skyworth also plans to absorb Funai’s repair staff in Japan to support local expansion.

Pop Mart’s Labubu IP has sparked resale hype in China, with reports of prices reaching RMB 7,800. A media probe found actual secondhand prices to be far lower. As demand surges, regulators in Hebei and Yiwu are cracking down on counterfeits, underscoring the risks of IP-driven retail.

A UAE-operated RORO vessel departed Ningbo Zhoushan Port on July 3 with nearly 4,000 vehicles, marking the maiden voyage of the first dedicated China-Egypt car export route via the Middle East and Africa. The ship will call at several regional ports before arriving at Egypt’s Damietta Port.

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

How do trustless ledgers transform industries? Investigate decentralized databases, smart contracts, and infrastructure powering secure transactions.

Blockchain

Where do digital assets find value? Consider market volatility, decentralized exchanges, and blockchain protocols shaping crypto economies.

Cryptocurrencies

How does finance become frictionless? Examine digital banking, payment innovation, and lending platforms redefining financial access.

What streamlines global commerce? Examine digital wallets, cross-border remittances, and instant settlement technologies.

Payments

Hong Kong

With fresh mandates, pilot projects, and corporate license bids, stablecoins are shedding their crypto roots to reshape how money moves.

Hong Kong’s stablecoin regime takes shape as China eyes alternatives to dollar-based payments

The deal grants China Literature a 10% stake in the plush toy maker and sets the stage for co-developing original collectible IPs.

JD Logistics unveils autonomous delivery van

Latest Pulses

Most Recent

Deals in brief: Monit raises USD 2.5 million, GreenTeams and AI Hay land Series A rounds, latest China funding deals, and more

Hong Kong’s stablecoin regime takes shape as China eyes alternatives to dollar-based payments

Softopia secures first external investment through China Literature deal