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China’s solar installations fell from nearly 100 GW in May to under 15 GW in June as developers lost access to fixed-rate subsidies. Authorities are a…

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Forget syntax. This startup’s AI tool builds apps without a single line of code, for users who just want to get back to business.

No code, no problem: How CodeFlying is turning mahjong players and couriers into app creators

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

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KrASIA tracks China’s tech and business stories—alongside key developments across the broader Asia Pacific region.

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China’s solar installations fell from nearly 100 GW in May to under 15 GW in June as developers lost access to fixed-rate subsidies. Authorities are also tightening price controls on solar products to curb bankruptcies and stabilize a market strained by overcapacity and fierce competition.

Forever 21 is making a fourth attempt to reenter the Chinese market, this time through a partnership with a firm partly owned by <a href="/industry/e-commerce">e-commerce</a> platform Vipshop. Supported by new marketing and online storefronts, the brand is seeking to regain relevance in a crowded fast fashion landscape but faces hurdles in brand cohesion and offline growth.

Mexico has raised import taxes on small <a href="/industry/e-commerce">e-commerce</a> purchases from countries without trade agreements, increasing the rate to 33.5%. The change affects goods from China, impacting retailers like <a href="/company/shein">Shein</a> and <a href="/company/temu">Temu</a>. The move is seen as part of Mexico’s strategy to ease US trade tensions while boosting revenue and protecting local industry.

<a href="/company/xiaomi">Xiaomi</a> has reportedly sold 50,000 units of its <a href="https://kr-asia.com/xiaomi-steps-into-smart-eyewear-with-voice-enabled-glasses-built-for-everyday-use">new AI glasses</a> since their June launch and could reach annual sales of over five million pairs within three years, according to a company executive. Priced at RMB 1,999, the glasses feature video capture, translation, and integration with Xiaomi’s smart ecosystem.

The dispute between battery makers <a href="/company/catl">CATL</a> and Hithium has escalated after a former Hithium executive was detained in Ningde over alleged trade secret violations. CATL filed the complaint and submitted evidence to police. The case is separate from a pending unfair competition lawsuit and comes as Hithium faces scrutiny ahead of its Hong Kong IPO hearing.

Groq is set to raise about USD 600 million in a new round led by VC firm Disruptive, valuing the AI chip startup at roughly USD 6 billion. The deal will double Groq’s valuation and bring its total funding to over USD 2 billion, even as it revises its 2025 revenue outlook.

A potential extension of the US-China tariff pause won’t be finalized without President Donald Trump’s approval, officials said after the latest round of talks in Stockholm on July 29. The current truce is set to expire August 12, after which tariffs could snap back to earlier levels.

Anthropic is in advanced talks to raise up to USD 5 billion in a new funding round led by Iconiq Capital, potentially valuing the startup at USD 170 billion. The company has reached USD 5 billion in annual recurring revenue and aims to hit USD 9 billion by year's end. Amazon, GIC, and the Qatar Investment Authority are among those in talks to join.

<a href="/company/li-auto">Li Auto</a> has launched the Li i8, a six-seat electric SUV with dual-motor all-wheel drive, up to 720 kilometers of range, and 5C fast charging. The model features a proprietary drive system, LiDAR-based assisted driving, and a smart assistant powered by Mind GPT. Deliveries are set to begin August 20.

<a href="/company/alibaba">Alibaba</a> has launched Wan 2.2, a suite of open-source video generation models built on MoE architecture. The models enable high-quality cinematic video generation from text or images and promise significant improvements in motion control, visual detail, and computational efficiency.

The Hong Kong Monetary Authority (HKMA) said the first batch of stablecoin licences will be issued in early 2026, following the city’s new regulatory framework taking effect on August 1. Only a limited number of licences will be granted initially, as the HKMA urges caution and warns against unrealistic market expectations.

BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

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.

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The Chinese automaker is keeping its foot on the gas in its push toward vehicle autonomy.

BYD says it will stay the course on assisted and smart driving

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.

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Ant Group, a fintech powerhouse, offers digital payments, wealth management tools, and micro loans, enabling borderless, mobile-first financial services.

Ant Group

What happens when banking goes virtual? Study no-branch platforms, biometric authentication, and seamless financial services.

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How do policies adjust to a data-rich world? Explore usage-based coverage, automated claims, and analytics guiding risk assessment.

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Payments

The rollout reflects a broader shift in financial AI from experimentation to scaled deployment.

Ant debuts finance-focused large model as AI takes hold in banking

ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

Douyin, the Chinese version of TikTok, showcases locally popular short videos, influencer content, and creative challenges optimized for China’s market.

Douyin

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E-commerce

What changes the way we shop? Review fresh inventory management, dark stores, and logistics driving door-to-door grocery services.

Grocery Delivery

The restructuring aims to tighten logistics and capture more ground in China’s instant retail market.

Solar deployment in China drops in June

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BYD says it will stay the course on assisted and smart driving

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Douyin folds supermarket unit into Xiaoshida in quick commerce push