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

Wohua Pharmaceuticals has reported a net profit of RMB 44.68 million in H1 2025, up 303.16% YoY, on revenue of RMB 425 million. Basic EPS was RMB 0.08…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

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

Electric Vehicles

How do goods cross borders seamlessly? Examine warehousing tech, route optimization, and data analytics building efficient supply chains.

Logistics

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

Challenges remain, but the NEV maker sees significant upside in expanding its commercial vehicle business beyond China.

As China’s commercial vehicle market slows, Gecko Motors shifts gears abroad for growth

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

Artificial Intelligence

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

Deep Tech

China

Singapore

Southeast Asia

With chip access in flux and scrutiny mounting, Manus has left China for Singapore, betting that neutrality offers a safer path forward.

Has China become too risky a home for AI startups? Manus thinks so

T. K. Lin

Photo of Augmentus’ co-founders. From left to right: Daryl Lim, Leong Yong Shin, and Chong Voon Foo.

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

Australia

Europe

India

Oceania

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

Deals in brief: Augmentus raises Series A+ funding, Coda to acquire Recharge, Origgin Capital debuts second fund, 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

Wohua Pharmaceuticals has reported a net profit of RMB 44.68 million in H1 2025, up 303.16% YoY, on revenue of RMB 425 million. Basic EPS was RMB 0.08, and the company proposed a cash dividend of RMB 1.2 per ten shares.

Chinese enterprise Horen has raised RMB 130 million in a Series F funding round led by Timesbole to expand full-chain packaging solutions in China and speed up global rollout. The firm aims to scale its green supply chain and smart manufacturing amid mounting compliance pressure from EU and US trade rules.

Zhejiang led GDP growth among China’s six largest provinces in H1 2025 at 5.8%, lifted by strong industrial and export performance. Jiangsu and Henan followed at 5.7%, while Guangdong trailed at 4.2%, weighed down by falling investment and sluggish industrial and consumer activity.

Unitree Robotics has begun IPO counseling with China’s securities regulator, with CICC as lead sponsor. The company may file as soon as October and is expected to target the STAR Market. Unitree focuses on general-purpose humanoid and legged robots and has reported consistent profits since 2020.

UBTech Robotics has secured a RMB 90.5 million order from Miyi Automotive Technology for its Walker S robots, the largest contract signed with a single supplier in China for <a href="/industry/robotics">humanoid robotics</a> to date. The deal highlights growing industrial demand and comes amid a wave of large-scale procurement.

Goertek Microelectronics has refiled its listing application with the Hong Kong Stock Exchange. Joint sponsors include CICC, CSCI, CMB International, and UBS. The chipmaker first sought a Hong Kong IPO in 2023 but did not proceed at the time.

<a href="/company/tencent">Tencent</a> remained the top holding among China’s active mutual funds as of Q2 2025, followed by <a href="/company/catl">CATL</a> and Kweichow Moutai. <a href="/company/xiaomi">Xiaomi</a> and Eoptolink entered the top ten, while <a href="/company/byd">BYD</a> and Wuliangye dropped out. Baijiu stocks saw the largest sector-wide outflows during the quarter.

Stargate, a USD 500 billion <a href="/industry/ai">AI</a> infrastructure project announced by <a href="/company/openai">OpenAI</a> and SoftBank at the White House earlier this year, has yet to secure a data center deal. Internal disagreements have stalled progress, with the partners now aiming to build a single site in Ohio by year’s end, scaling back earlier ambitions.

Netflix is testing generative video tools from Runway AI in content production, a source said. Disney has also trialed the solution but said it has no plans to adopt it. The update adds to growing scrutiny over <a href="/industry/ai">AI's</a> use in film production, as studios weigh cost and speed gains against labor concerns.

<a href="https://kr-asia.com/all-in-your-head-what-you-should-know-about-neuralink-and-brain-computer-interfaces">Neuralink</a> said it completed brain implant surgeries for participants codenamed P8 and P9, the first time it performed two procedures in a single day. Both are reportedly recovering well, the company said on X. The update follows earlier FDA-approved human testing and initial trial setbacks.

<a href="/company/jd">JD.com</a> has denied a media report that it acquired 70% of Hong Kong grocer Kai Bo Food Supermarket for HKD 4 billion. The report claimed the deal included store and property assets, with founder Lam Hiu-ngai staying on for three years. JD.com called the report inaccurate and misleading.

A real debate is brewing over whether Moonshot AI’s latest open-source model belongs in the top echelon of AI.

Is Kimi K2 strong enough to spark China’s next “DeepSeek moment?”

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

How are driverless systems redefining mobility? Uncover sensor technologies, regulatory frameworks, and AI driving cars without human intervention.

Autonomous Vehicles

Customers will get their first look at the collaboration in BMW’s Neue Klasse, starting as early as next year.

BMW teams up with Momenta to stay in China’s smart driving race

How do virtual worlds expand reality? Discover AR/VR tools, content creation, and platforms layering digital information onto everyday life.

Augmented and Virtual Reality

Far from seeing Xiaomi as a threat, Inmo’s CEO says its arrival lifts the tide for all startups.

Wohua reports strong H1 earnings

Latest Pulses

Most Recent

Is Kimi K2 strong enough to spark China’s next “DeepSeek moment?”

BMW teams up with Momenta to stay in China’s smart driving race

Inmo eyes lead in China’s AI glasses market with RMB 150 million boost