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

Agibot plans to acquire a 63.62% stake in Shangwei New Materials for RMB 2.1 billion via share transfer and tender offer. If completed, CEO Deng Taihu…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

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

China

Focused on safety and affordability, the Chinese firm aims to address gaps in general aviation with its certified piston and hybrid engines.

Falcon Aviation eyes liftoff with low-cost, airworthy aircraft engines

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

Anker

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

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

East Asia

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

Batteries

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

Deep Tech

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

Energy

With more than two million units affected and multiple regulators in play, Anker confronts the realities of building a global brand.

Anker’s power bank recall puts its lifecycle compliance to the test

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

Hong Kong

Indonesia

Singapore

Southeast Asia

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

Deals in brief: East Ventures invests in Sxored, Shieldbase and Transcelestial raise funding, HeySara enters Hong Kong with ILS acquisition, 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

Agibot plans to acquire a 63.62% stake in Shangwei New Materials for RMB 2.1 billion via share transfer and tender offer. If completed, CEO Deng Taihua will become the controlling shareholder, making Shangwei the first embodied <a href="/industry/ai">AI</a> company listed on China’s A-share market. The deal would combine Agibot’s <a href="/industry/robotics">robotics</a> tech with Shangwei’s manufacturing base to accelerate commercialization.

<em>Wuchang: Fallen Feathers</em>, developed by Chengdu-based Leenzee and published by 505 Games, launches July 24 with preorders already open on Steam. Set in a war-torn, decaying world, the roleplaying game features nonlinear exploration, deadly enemies, and a blend of brutal weapons and magic.

<a href="/company/tesla">Tesla</a> is under growing financial pressure as falling sales, expiring <a href="/industry/ev">EV</a> tax credits, and the loss of emissions credit revenue threaten its profitability. CEO Elon Musk’s escalating political activity has further unsettled investors, while Tesla’s robotaxi rollout reportedly trails rivals like Waymo. Analysts warn the company may be nearing a tipping point.

Romoss is facing a deepening crisis after recalling about 491,700 power banks. The company has suspended production, shut down online stores, and undergone multiple leadership changes. Employees have reported wage issues and absent management, while Shenzhen regulators have launched round-the-clock oversight to ensure refunds and trace defective products.

China averaged 5.5% economic growth over the first four years of its 14th five-year plan, said NDRC chief Zheng Shanjie, citing resilience despite the pandemic and trade friction. He projected a five-year GDP increase of over RMB 35 trillion, topping the 2024 output of China’s top three provinces and contributing about 30% to annual global growth.

Chinese firms are building dozens of <a href="/industry/ai">AI</a> data centers in Xinjiang and neighboring Qinghai, aiming to deploy more than 115,000 <a href="/company/nvidia">Nvidia</a> chips restricted by US export controls. Documents reviewed show no clear sourcing plans, but the scale signals China’s intent to expand AI capacity despite sanctions.

GAC Fiat Chrysler Automobiles (GAC FCA), the Jeep joint venture between <a href="/company/gac">GAC</a> and Stellantis, has filed for bankruptcy after failing to restructure. Once a breakout SUV brand in China, the venture saw steep sales declines and shareholder disputes before a Changsha court approved its liquidation request on July 8, formally ending the venture.

Inflation is slowing across Southeast Asia, with Thailand, Malaysia, and Singapore posting multiyear lows, raising concerns about weakening demand. Economists warn of mounting deflationary pressure driven by political instability, weak tourism, trade tariffs, and an influx of low-cost Chinese goods. Thailand is viewed as especially at risk.

Meta has acquired just under 3% of EssilorLuxottica in a deal valued at approximately EUR 3 billion, deepening its commitment to smart glasses. The move strengthens Meta’s partnership with the Ray-Ban maker and signals broader ambitions to control hardware and distribution as wearable tech becomes central to its <a href="/industry/ai">AI</a> strategy.

Chinese agentic <a href="/industry/ai">AI</a> startup Manus, developed by Butterfly Effect, confirmed on July 8 it is adjusting business teams to improve operational efficiency, following reports of layoffs and staff relocation to its Singapore headquarters. The move follows its May funding round and HQ shift as the company refocuses on core operations.

Jeff Williams will step down as Apple’s COO later this year, handing the role to longtime colleague Sabih Khan in a planned transition. Khan, a nearly 30-year Apple veteran, leads the company’s global supply chain. Williams will continue overseeing Apple’s watch, health, and design initiatives until retiring at year’s end.

MiniMax, a Chinese company, develops large models and generative AI tools. It is known for the Talkie chatbot and Hailuo AI, a multimodal AI platform.

MiniMax

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

Artificial Intelligence

Don’t let the AI-generated cat videos distract from MiniMax’s growing edge in AI technology.

MiniMax finds its “aha moment,” and a way to challenge the AI status quo

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

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

Electric Vehicles

A policy mandating 60-day payments offers limited relief amid implementation hurdles across the automotive supply chain.

For China’s auto suppliers, a 60-day pledge may still mean waiting months for payment

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

With a focus on generalization and reliability, Galbot is building robots that skip the spectacle and get the job done.

Agibot to take control of Shangwei

Latest Pulses

Most Recent

MiniMax finds its “aha moment,” and a way to challenge the AI status quo

For China’s auto suppliers, a 60-day pledge may still mean waiting months for payment

Galbot’s humanoid robots do the boring stuff, and that’s the point