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

PDD-owned Temu reported 416.5 million monthly active users and 70.5 million daily users in Q2 2025, up 68% and 65% YoY, respectively. While global dow…

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

Luckin Coffee provides app-based ordering, convenient pickup, and a broad beverage menu, reshaping China’s coffee consumption patterns.

Luckin 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

Five years after a financial scandal, China’s leading coffee chain is testing its footing in Starbucks’ home market.

Luckin Coffee tests the waters in the US with two New York stores

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

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

Deep Tech

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

Chinese companies are moving fast to claim ground in the US lawn care market, where robotic mower adoption remains low.

US lawns are the next big play for China’s robotic mower brands

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

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

PDD-owned <a href="/company/temu">Temu</a> reported 416.5 million monthly active users and 70.5 million daily users in Q2 2025, up 68% and 65% YoY, respectively. While global downloads fell 7% to 113 million, the <a href="/industry/e-commerce">e-commerce</a> platform reached a key milestone of one billion cumulative downloads, highlighting strong user retention despite slower new adoption.

<a href="/company/bilibili">Bilibili</a> is rolling out a new video podcast support initiative featuring free studio access, traffic boosts, and an <a href="/industry/ai">AI</a>-driven tool that can reportedly generate videos from text or audio in under six minutes. Designed to streamline production for creators, the tool is said to have received strong early feedback.

<a href="/company/tiktok">TikTok</a> is reportedly developing a separate version of its platform for US users ahead of a potential sale to American investors. The report, citing anonymous sources, comes as President Donald Trump signals talks with China over a possible TikTok deal, set to begin July 7 or 8.

<a href="/company/tiktok-shop">TikTok Shop’s</a> European summer promotion ended with recordbreaking results, as GMV surged 122% for fully managed sellers in the EU and more than 600% in the UK. Independently operated stores saw daily order volumes more than double. In the US, a new campaign has launched with early sales already surpassing first-half highs.

Baozun has reportedly acquired the China business of UK activewear brand Sweaty Betty, its third international brand deal after Gap and Hunter. The existing team managing Gap and Hunter will oversee operations, as Baozun continues to localize overseas brands using its design, supply chain, and retail capabilities. Terms of the deal were not disclosed.

China and Brazil signed new cooperation agreements on July 5 to advance <a href="/industry/ai">AI</a> development and align strategic growth plans. The deals include a second-phase MoU linking China’s Belt and Road Initiative with Brazil’s national programs and a pact to establish a joint AI application center, covering areas such as open-source tech, infrastructure, and talent development.

China’s blind box boom has spread into services, with businesses offering surprise meals and mystery travel at budget prices. Driven by social media and demand for novelty, the trend appeals to younger consumers facing decision fatigue but has raised concerns over addiction and repeat purchases, particularly among minors.

<a href="/company/tencent">Tencent's</a> Yuanbao <a href="/industry/ai">AI</a> assistant has launched a new feature that links user queries to relevant images and WeChat video tutorials. The updated search function delivers responses with both text and media, allowing users to view guides, ask follow-up questions, and access tutorials easily.

<a href="/company/meituan">Meituan’s</a> real-time retail orders surpassed 120 million on July 5, with food delivery alone accounting for over 100 million, according to company data. More than 20 million orders were placed in just two hours that evening, as the summer shopping season began and late-night demand surged during a peak promotional weekend.

Smartphone shipments in China fell 21.8% YoY in May to 23.7 million units, reversing a three-month rebound and marking the steepest decline this year. Domestic brands saw a 24.2% fall, while foreign brands like Apple slipped 9.7%, according to CAICT. Analysts cite delayed launches, economic strain, and paused subsidies, though new state funding is expected later this year.

JD Property has signed a deal with the Abu Dhabi Airport Free Zone (ADAFZ) to build and operate a 70,000-square-meter logistics facility, its first self-developed hub in the Middle East. The site will support cross-border <a href="/industry/e-commerce">e-commerce</a> across the GCC and MENA regions, aiming to reduce logistics costs for Chinese firms entering the market.

Rising delivery volumes are putting Chinese carmakers in the spotlight across Southeast Asia, Latin America, and other markets.

China Recap | Mobility players widen global footprints

Vicky is a senior reporter based in Hangzhou, covering news about Chinese companies expanding their footprints abroad.

https://secure.gravatar.com/avatar/dfe5e445d494bfd7f380c7d91c1df6d9?s=96&d=blank&r=g

Vicky Chang

Hong Kong

Thailand

IFBH makes the case that one well-marketed, well-positioned product can be enough to achieve commercial success.

IFBH hits IPO milestone on the strength of a single product: Coconut water

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

Some cities have suspended programs earlier than expected.

China races to calm worries over end to USD 42 billion consumer subsidies

As part of 36Kr’s ongoing partnership with Nikkei, you can read selected content from Nikkei Asia on KrASIA.

https://secure.gravatar.com/avatar/aec5e55596415464d13490d0e0caa9a2?s=96&d=blank&r=g

Temu reports strong Q2 user growth

Latest Pulses

Most Recent

China Recap | Mobility players widen global footprints

IFBH hits IPO milestone on the strength of a single product: Coconut water

China races to calm worries over end to USD 42 billion consumer subsidies