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

OpenAI has reportedly reached an annualized revenue run rate of USD 12 billion, fueled by widespread adoption of its ChatGPT products across consumer …

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

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

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

China

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

Douyin

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

East Asia

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

Consumer Economy

How do clicks replace aisles? Explore global marketplaces, payment solutions, and technology accelerating online retail’s growth.

E-commerce

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

Food Delivery

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

Grocery 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

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

Douyin folds supermarket unit into Xiaoshida in quick commerce push

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

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

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

Malaysia

Singapore

Southeast Asia

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

Deals in brief: Chocolate Finance raises Series A+ funding, Gobi Partners backs NanoSkunkWorkX, 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/openai">OpenAI</a> has reportedly reached an annualized revenue run rate of USD 12 billion, fueled by widespread adoption of its ChatGPT products across consumer and enterprise markets. The platform now serves about 700 million weekly users as the company expands operations and seeks additional funding.

<a href="/company/nvidia">Nvidia</a> has denied that its H20 chips contain any “backdoors,” after Chinese regulators summoned the company to address national security concerns. The scrutiny follows reports of potential tracking features and comes as Nvidia prepares to resume shipments of the <a href="/industry/ai">AI</a> chips to China.

Starbucks has shortlisted about a dozen firms, including KKR, Boyu, <a href="/company/jd">JD.com</a>, and <a href="/company/tencent">Tencent</a>, to explore investing in its China business, sources said. CEO Brian Niccol said the goal is to expand stores and strengthen local operations, while retaining a meaningful stake. No deal has been finalized.

<a href="/company/meituan">Meituan</a> and <a href="/company/jd">JD.com</a> are expanding China’s food delivery war into restaurant infrastructure, with Meituan planning 1,200 “Raccoon Canteen” outlets and JD.com investing RMB 1 billion to build 10,000 kitchens under its 7Fresh brand. The strategy aims to accelerate delivery and tighten platform control over the food supply chain.

Chinese <a href="/industry/ai">AI</a> and chipmaking firms, including <a href="/company/huawei">Huawei</a> and <a href="/company/tencent">Tencent</a>-backed StepFun, have formed an alliance to promote domestic processors, as regulators investigate <a href="/company/nvidia">Nvidia’s</a> H20 chips over security risks. The move aligns with Beijing’s broader push for tech self-reliance amid ongoing US export controls.

Manus is rolling out “Wide Research,” a premium feature that les users assign tasks to multiple <a href="/industry/ai">AI</a> agents in parallel, according to sources. Priced at USD 199 per month, it reportedly handles large-scale queries such as stock screening and academic rankings, marking the startup’s most significant update since its March platform launch.

<a href="/company/bytedance">ByteDance’s</a> Seed team has introduced Seed Diffusion Preview, a discrete diffusion language model built for structured code tasks. Processing at 2,146 tokens per second, it is said to deliver 5.4 times faster inference than comparable autoregressive models while maintaining similar benchmark accuracy. The model combines edit-based training, constrained decoding, and on-policy learning to advance diffusion toward scalable real-world applications.

Autohome reported Q2 2025 revenue of RMB 1.76 billion and adjusted net profit of RMB 476 million. It expanded its online-to-offline and <a href="/industry/ai">AI</a>-driven offerings, launched a global site featuring Chinese vehicle models, and increased <a href="/industry/ev">EV</a>-related and live stream content output. Its retail network reportedly exceeded 200 locations as it scaled ecosystem coverage and international presence.

<a href="/company/alibaba">Alibaba's</a> Amap app has launched ride-hailing services in 24 countries across Europe and Asia, including major cities like Paris and London. Partnering with Bolt, the service lets users in mainland China, Hong Kong, and Macau hail rides overseas without changing apps or SIM cards.

WeRide reported Q2 2025 revenue of USD 17.8 million, a 60.8% YoY rise, with robotaxi earnings surging 836.7% to USD 6.4 million. Robotaxis accounted for 36.1% of total revenue. In Abu Dhabi, its fleet size has reportedly tripled since December 2024, reinforcing its lead outside the US and China.

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.

Companies are buying rivals and tapping into e-commerce to gain market share.

Chinese consumer brands surge in Southeast Asia, challenge legacy names

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

https://secure.gravatar.com/avatar/aec5e55596415464d13490d0e0caa9a2?s=96&d=blank&r=g

Nikkei Asia

Kling AI

Kuaishou, best known for its short video platform, drives user-generated content, influencer marketing, and community engagement through shareable clips.

Kuaishou

What drives digital storytelling? Examine content creation, distribution channels, and media platforms connecting audiences worldwide.

Content

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

Creative

Two new features expand Kling AI’s capabilities, pushing it closer to production-grade applications.

Kling AI rolls out new features to streamline generative content workflows

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

Huawei, a global telecom and smartphone vendor, delivers networking equipment, 5G solutions, and consumer devices integrating cutting-edge tech.

Huawei

SAIC Motor, a Chinese automaker, manufactures passenger and commercial vehicles through various brands and joint ventures.

SAIC Motor

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

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

Transportation

Smart, spacious, and designed for volume, the Shangjie H5 sets out to reshape expectations for the RMB 200,000 SUV tier.

OpenAI hits USD 12 billion in annualized revenue

Latest Pulses

Most Recent

Chinese consumer brands surge in Southeast Asia, challenge legacy names

Kling AI rolls out new features to streamline generative content workflows

With Huawei and SAIC behind it, the Shangjie H5 goes big on tech and scale