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

Press Releases

Anker

DeepSeek

Li Auto

MiniMax

Xiaomi

Xpeng

On the Radar

PayPal will soon let businesses accept more than 100 cryptocurrencies at checkout, with payments converted into fiat or its PYUSD stablecoin. The serv…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

Consumer Economy

How does dinner arrive at your door? Study platform partnerships, last-mile delivery, and culinary trends powering the takeaway economy.

Food Delivery

How do platforms deliver on immediacy? Analyze ride-hailing, instant deliveries, and gig models meeting consumer needs fast.

On-demand Services

How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

Retail

China

Hong Kong

From EVs to Meituan food deliveries and Mixue bubble tea, newcomers are edging out rivals.

Hong Kong retail gets mainland makeover as Chinese brands move in

Decoding China&#039;s tech and business pulse

KrASIA

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

Nikkei Asia

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

Autonomous Vehicles

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

The startup believes only purpose-built platforms can meet the demands of self-driving freight.

As freight goes electric, Zeron skips retrofits with trucks built for autonomy

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

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

Oceania

Singapore

Southeast Asia

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

Deals in brief: Respiree raises Series A funding, HeyMax expands with Krip acquisition, latest China 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

PayPal will soon let businesses accept more than 100 cryptocurrencies at checkout, with payments converted into fiat or its PYUSD stablecoin. The service, launching in the coming weeks, supports wallets such as Coinbase and MetaMask, settles instantly, and charges a 0.99% transaction fee. Merchants holding PYUSD balances can potentially earn about 4% in yield.

<a href="/company/nvidia">Nvidia</a> has ordered 300,000 additional H20 chips from <a href="/company/tsmc">TSMC</a>, citing stronger-than-expected demand from China after the US reversed its export ban. Designed specifically for the Chinese market, the H20 now adds to a stockpile of up to 700,000 units. While export licenses remain pending, Nvidia has asked local buyers to submit volume forecasts as it considers restarting production.

<a href="/company/sensetime">SenseTime</a> has launched its SenseNova V6.5 multimodal large model and partnered with more than ten Chinese firms—including <a href="/company/huawei">Huawei</a>, Cambricon, and Moore Threads—to roll out a "compute mall" initiative aimed at strengthening China’s domestic <a href="/industry/ai">AI</a> infrastructure.

After launching its “Raccoon Canteen” brand in early July following months of trial, <a href="/company/meituan">Meituan</a> has reported a 40-fold increase in search traffic and a 60% rise in orders. The initiative aims to help merchants reduce costs and improve food safety standards. Meituan said it will not self-operate or compete, but instead support merchants through infrastructure and shared practices.

<a href="/company/changan-automobile">Chang’an Automobile</a> has been spun off as a new state-owned enterprise in Chongqing. The firm includes 117 subsidiaries and has registered capital of RMB 20 billion. It plans to focus on smart vehicles, flying cars, and international expansion across five key regional markets.

Eastroc Beverage’s new products lifted its H1 2025 revenue to RMB 10.74 billion, up 36% YoY. Sales of its “Bushuila” hydration drink rose 214% to RMB 1.49 billion, easing reliance on energy drinks. Eastroc is also expanding product lines and retail reach as it targets RMB 20 billion in full-year revenue and accelerates overseas expansion.

<a href="/company/bytedance">ByteDance’s</a> Douyin has denied online claims that it arbitrarily canceled a former employee’s stock options, stating the forfeiture followed violations of its integrity policy and stock option agreement. The individual is reportedly under criminal investigation for alleged fraud involving cloud resources that led to significant financial losses, and was placed under police measures in May.

China has released 1,509 large <a href="/industry/ai">AI</a> models, more than any other country and accounting for over 40% of the global total, according to data shared at WAIC 2025. The country currently hosts more than 5,100 AI firms, with listed companies driving 70% of domestic AI revenue across areas including large models, <a href="/industry/autonomous-vehicles">autonomous driving</a>, and AI chips.

The EU has accused <a href="/company/temu">Temu</a> of breaching its Digital Services Act by failing to assess risks tied to illegal product sales. Test purchases reportedly found unsafe items reaching users, prompting charges that include the use of addictive design and the sale of counterfeit goods. Temu may face fines of up to 6% of global sales unless it addresses the violations.

WeRide has reportedly become the first company to hold robotaxi permits in six countries after Saudi Arabia approved its nationwide AV deployment. Pilot rides began in Riyadh earlier this month with Uber and Ai Driver, covering King Khalid International Airport, major highways, and select city center destinations. A full commercial launch is planned for late 2025.

The US has reportedly frozen export controls on tech sales to China, including <a href="/company/nvidia">Nvidia’s</a> H20 chip, to avoid disrupting trade talks and a potential meeting between national leaders. Security officials warn the pause could aid China’s military ambitions in <a href="/industry/ai">AI</a>, while Nvidia maintains the chip serves civilian uses and meets global demand.

These three cases show how overlooked consumer categories can quietly scale overseas, even while flying under the radar at home.

The next Pop Mart? These three Chinese brands with global traction are lining up for IPOs

I'm Xiaochun with 36Kr Global [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.

https://secure.gravatar.com/avatar/35c4c94afb4465cf720e6c246ee3d6f1?s=96&d=blank&r=g

Xiaochun Zhao

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

The company has carved out a niche by targeting device markets in regions where cloud access isn’t a given.

RockAI gains global traction with offline-capable AI models

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

As deepfake scams grow more sophisticated, FinVolution is deploying forensic-level detection and multimodal AI to stay ahead.

Tackling the deepfake challenge: Expert insights and AI innovation at FinVolution

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.

https://secure.gravatar.com/avatar/a1c02e0609a846ab19ab44182633a8d5?s=96&d=blank&r=g

PayPal to enable crypto at checkout

Latest Pulses

Most Recent

The next Pop Mart? These three Chinese brands with global traction are lining up for IPOs

RockAI gains global traction with offline-capable AI models

Tackling the deepfake challenge: Expert insights and AI innovation at FinVolution