Alibaba

ByteDance

Huawei

Meituan

Tencent

Xiaomi

Most Followed

KrASIA Connection

100 AI Creators

China's Auto Sector

Inside China's Startups

Venture Roundup

Our Events

View All

Collections

News

Features

Insights

Ecosystem

Press Releases

Anker

DeepSeek

Li Auto

MiniMax

Pop Mart

Xpeng

On the Radar

Alibaba Cloud’s Tablestore now offers memory storage for agentic AI, reducing costs by up to 30% and enhancing integration with Dify, Spring AI, and M…

Events

Latest

About

Consumer

Robotics

Fintech

Collaborate

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

Consumer Economy

China

By building for overlooked niches in the fitness industry, Aeke now ships hundreds of units each month.

With smart fitness machines, Aeke finds profit where others saw no market

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

Deep Tech

How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

Spirit AI is playing to win in China’s embodied AI race.

Entrepreneurship is like “playing a game,” says Spirit AI co-founder Gao Yang

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

Singapore

Southeast Asia

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

Deals in brief: Naluri and Prefer raise funding, Antler invests in seven AI startups, six 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

<p data-start="369" data-end="776"><a href="/company/alibaba">Alibaba Cloud’s</a> Tablestore now offers memory storage for agentic <a href="/industry/ai">AI</a>, reducing costs by up to 30% and enhancing integration with Dify, Spring AI, and Model Studio. It includes an open-source memory framework based on Qwen, supports optimized indexing for JSON and multimodal data, and runs on a serverless architecture suited for enterprise AI deployment.</p>

Yuequan Bionics has unveiled the Y-Hand M1, a bionic hand with 38 degrees of freedom, reportedly more than any other currently on record. Powered by an artificial muscle system and flexible joint design, it can deliver rapid, precise movement and humanlike dexterity, with reported gains in grip force, accuracy, and motion range over rigid models.

<a href="/company/shein">Shein</a> is considering moving its legal base from Singapore to China to help secure regulatory approval for a Hong Kong IPO, according to people familiar with the matter. The <a href="/industry/fashion">fast fashion</a> giant has faced listing setbacks in New York and London, and reportedly believes a China domicile could help win over Beijing authorities.

<a href="/company/tesla">Tesla</a> has launched the Model Y L in China, with orders starting at RMB 339,000. The refreshed version of its bestselling SUV comes amid rising local competition and an 8.4% drop in China <a href="/industry/ev">EV</a> sales in July. The rollout follows earlier regulatory filings and is part of a broader product refresh across key markets.

Dongfeng Motor plans to sell its 50% stake in Dongfeng Honda Engine, exiting the joint venture as it shifts focus to <a href="/industry/ev">EVs</a>. The engine unit posted a RMB 227 million loss in 2024 and cut production at its Guangzhou plant. Dongfeng’s net profit fell 90% in H1 2025, and proceeds may support its Voyah brand.

China’s AI public cloud market grew 55.3% YoY to RMB 19.6 billion in 2024, driven by demand for generative AI and model training. <a href="/company/baidu">Baidu</a> and <a href="/company/alibaba">Alibaba</a> led the market, with <a href="/company/tencent">Tencent</a> and <a href="/company/huawei">Huawei</a> close behind. The growth reflects the rise of agentic AI and a broader shift in cloud architecture, governance, and ecosystem strategy.

Clearbridge Health has raised SGD 1.98 million through a fully subscribed share placement backed by Asdew Acquisitions, Azure Capital, and Ramesh Chandiramani. Proceeds will support working capital and growth plans, including the proposed USD 330 million Elpis Biopharma acquisition and the launch of immune cell banking operations.

Indonesia-based Waterhub has raised an undisclosed amount in a funding round co-led by Archipelago VC and The Radical Fund to scale its clean water filtration systems. The startup will ramp up production, grow its team, and advance its technology as it targets 2,000 units by 2029. Its systems aim to cut bottled water use and reduce plastic waste.

AND Global has raised USD 21.4 million in a Series B funding round co-led by IFC and Aeon Financial Service, with additional backing from Marubeni, SBI Holdings, and Premium Group. Founded in Mongolia, the company supports lenders serving the unbanked and underbanked, and will use the funds to expand <a href="/industry/ai">AI</a>-driven <a href="/industry/fintech">fintech</a> tools across Southeast Asia.

Tongcheng Travel reported H1 2025 revenue of RMB 9.05 billion, up 11.5% YoY, with adjusted EBITDA rising 35.2% to RMB 2.34 billion. Trip volume reached 1.99 billion, led by users from non-first-tier cities, who now account for 87% of its base. Lodging revenue rose 18.8%, and paid users hit 252 million.

Meitu reported a 71.3% YoY rise in adjusted net profit to RMB 467 million for H1 2025, as revenue grew 12.3% to RMB 1.82 billion. Monthly active users reached 280 million and paying subscribers hit 15.4 million, driven by global demand for <a href="/industry/ai">AI</a>-powered tools like RoboNeo. Revenue from photo, video, and design products rose 45.2%, with improved margins.

Anta, a Chinese sportswear brand, specializes in performance-driven design, equipping athletes and consumers with innovative sports apparel and footwear.

Anta

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.

East Asia

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

Creative

Where do style and commerce meet? Examine supply chains, sustainable sourcing, and digital trends influencing global fashion markets.

Fashion

South Korea

The Korean streetwear brand plans to open more than 100 stores in China by 2030 while avoiding pitfalls that have sunk other brands.

After Nerdy’s fall, Musinsa looks to Anta to navigate China’s fashion market

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

Europe

While competitors chased autonomy, Mowrator stood out early with remote-controlled models.

Why Mowrator chose the US over Europe for its lawn robots

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

Biotechnology

The company hopes to stand out with Diabegone, a diabetes treatment that lasts longer than competing drugs from companies like Novo Nordisk and Eli Lilly.

Alibaba Cloud debuts AI memory upgrade

Latest Pulses

Most Recent

After Nerdy’s fall, Musinsa looks to Anta to navigate China’s fashion market

Why Mowrator chose the US over Europe for its lawn robots

Innogen bets on longer-lasting GLP-1 drugs to stand out in crowded field