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

TikTok Shop’s GMV share in Vietnam rose to 39% in H1 2025, up from 29% the year before, narrowing Shopee’s lead to 58%, according to Metric. Growth wa…

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

Tencent, a Chinese tech conglomerate, invests in gaming, social media, and cloud services, supporting entertainment and connectivity worldwide.

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 tech giant signals a deeper push into full-stack AI with its latest round of announcements.

Tencent ups its AI game with a flurry of releases at WAIC 2025

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

How do ideas shape industries? Learn how content, design, and digital artistry influence branding, marketing, and cultural impact.

Creative

Who thrives in a digitally democratized landscape? Discover how independent creators, influencers, and educators monetize content and expertise.

Creator Economy

What entertains a connected world? Track shifts in film, music, and media consumption, as platforms and audiences redefine cultural experiences.

Entertainment

Japan

Masamune Shirow's sci-fi manga universe is thriving 40 years after his debut.

AI will not change humans, says "Ghost in the Shell" creator

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

Nikkei Asia

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

Hong Kong

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

<a href="/company/tiktok-shop">TikTok Shop’s</a> GMV share in Vietnam rose to 39% in H1 2025, up from 29% the year before, narrowing <a href="/company/shopee">Shopee’s</a> lead to 58%, according to Metric. Growth was driven by live streams, affiliate marketing, and official brand stores, which accounted for 29% of revenue despite comprising just 3.4% of stores. Shopee and <a href="/company/lazada">Lazada</a> have responded with free shipping offers.

Grab reported Q2 2025 net profit of USD 20 million, up USD 89 million YoY, as revenue rose 23% to USD 819 million. Adjusted EBITDA increased to USD 109 million, marking the 14th consecutive quarterly gain. On-demand GMV grew 21% to USD 5.4 billion, with all core segments posting double-digit revenue growth.

Sunwoda Electronic is preparing to launch an IPO in Hong Kong to support its international expansion. The company said the listing will enhance its global brand presence and strengthen operational and management capabilities.

US President Donald Trump said trade talks with China are progressing and that he expects both sides to reach a fair deal. Officials from both countries met in Stockholm on July 28 to discuss extending a trade war truce ahead of an August 12 deadline. The US has recently secured trade agreements with the EU, UK, and Japan.

President Donald Trump has suspended the de minimis exemption, which allowed imports under USD 800 to enter the US duty-free. Effective August 29, the order targets a surge in low-value shipments and seeks to close a loophole used to bypass tariffs. Imports from China and Hong Kong were already excluded under a prior order.

Foxconn is acquiring a 10% stake in TECO Electric &amp; Machinery through a share swap, forming a partnership to co-develop integrated <a href="/industry/ai">AI</a> data center solutions. The move underscores Foxconn’s diversification beyond consumer electronics into AI, EVs, and semiconductors, amid growing global data center investment.

<a href="/company/luckin-coffee">Luckin Coffee</a> reported Q2 2025 net income of RMB 1.25 billion, up 43.6% YoY, as revenue rose 47.1% to RMB 12.36 billion. Non-GAAP operating income climbed 61% to RMB 1.85 billion. Same-store sales at self-operated stores grew 13.4%, with its total store count reaching 26,206 and monthly transacting customers hitting 91.7 million.

Prosus has begun offloading its stake in <a href="/company/meituan">Meituan</a>, selling USD 250 million in shares as the Chinese firm’s global expansion puts it in direct competition with Prosus-backed businesses in markets like Brazil. The stake, once valued at USD 4.2 billion, is now below 5%. Proceeds will support Prosus’ other e-commerce investments.

<a href="/company/catl">CATL</a> reported a 33.02% YoY rise in net profit to RMB 30.51 billion for H1 2025, as revenue grew 7.27% to RMB 178.89 billion. Power battery sales rose 16.8%, while gross margin improved to 25.02%. Overseas revenue surged 21.14%. CATL also raised HKD 41 billion via its H-share listing in May

<a href="/company/jd">JD.com</a> has launched a voluntary takeover bid for Ceconomy, the parent company of MediaMarkt and Saturn, offering EUR 4.6 per share. Backed by anchor shareholder Convergenta, the deal would give JD access to 57.1% of shares. If approved, Ceconomy will operate as a standalone business while drawing on JD’s logistics and technology to support its European expansion.

Zhuanzhuan Group has signed an MoU with Dubai Airport Freezone (DAFZ) to develop an integrated cross-border hub for secondhand goods. As part of the partnership, Zhuanzhuan will establish its regional headquarters in the zone, supporting Dubai’s D33 agenda and its goal of becoming a global hub for sustainable trade across Asia, Africa, and Europe.

Nvidia develops GPUs for gaming, AI, and data centers, fueling graphics, machine learning, and compute-intensive workloads.

Nvidia

The US market serves as both the backbone and the driving force behind global technological advancements.

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 is the way we move evolving? Explore developments in autonomous transportation, electric vehicles, and more efficient urban transit.

Mobility

What powers digital devices? Delve into chip design, manufacturing bottlenecks, and semiconductor breakthroughs fueling global electronics.

Semiconductors

How do goods and people flow worldwide? Examine transport networks, logistics innovations, and policies shaping global connectivity.

Transportation

Once the go-to for in-vehicle chips, Nvidia is facing defections from Chinese carmakers amid delays, performance setbacks, and cultural disconnect.

From dominance to doubt: How Nvidia fumbled its shot at powering China’s cars

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

What began as a crowdsourced knowledge base now spans 37 cities, driven by a culture of curiosity, co-building, and radical openness.

From a shared doc to nine million members: How WaytoAGI grew into a global AI tribe

AI Now! is a global AI community of Chinese developers, professionals, and founders.

https://secure.gravatar.com/avatar/f0ec64bc524c1edf0ae454b5b9aabacd?s=96&d=blank&r=g

AI Now!

What shapes modern healthcare and agriculture? Examine biotech startups, gene editing, and drug discovery unlocking biological potential.

Biotechnology

After a dry spell, the city’s biotech scene is showing fresh signs of life as investors pay attention again.

TikTok Shop narrows gap with Shopee in Vietnam

Latest Pulses

Most Recent

From dominance to doubt: How Nvidia fumbled its shot at powering China’s cars

From a shared doc to nine million members: How WaytoAGI grew into a global AI tribe

Leads Biolabs’ IPO points to biotech rebound in Hong Kong