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

Grab’s Q3 2025 revenue rose 22% YoY to USD 873 million, driven by growth in its on-demand and financial services segments. Operating profit reached US…

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

Founded by six young entrepreneurs, Shuai Shuai Fireworks defied expectations with sales exceeding RMB 10 million in its first year.

Six Gen Z founders are reinventing China’s century-old fireworks trade

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 is power evolving? Review renewable sources, grid innovations, and efficiency measures driving cleaner, more resilient energy systems.

Energy

How do businesses grow responsibly? Examine green policies, sustainable materials, and climate commitments guiding corporate strategies.

Sustainability

The country continues to expand installations even as high costs hit the US and Germany.

China to account for half of new offshore wind capacity through 2030

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

Malaysia

Oceania

Singapore

Southeast Asia

Vietnam

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

Deals in brief: Accel invests in Vite+ maker VoidZero, Rolo Robotics and Videotto raise seed funding, Coolmate completes Series C round, 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/grab">Grab’s</a> Q3 2025 revenue rose 22% YoY to USD 873 million, driven by growth in its on-demand and financial services segments. Operating profit reached USD 27 million, while adjusted EBITDA climbed 51% to USD 136 million. The company raised its full-year guidance, projecting revenue of up to USD 3.4 billion and adjusted EBITDA of up to USD 500 million.

<a href="/company/alibaba">Alibaba</a> is rebranding its Ele.me delivery platform as Taobao Shangou, integrating its courier network into Taobao’s quick commerce model, which offers one-hour delivery for groceries and electronics. The move is aimed at strengthening Alibaba’s ecosystem amid intensifying competition with <a href="/company/meituan">Meituan</a>.

Amap will reportedly announce its robotaxi partnership with <a href="/company/xpeng">Xpeng Motors</a> on November 5, unveiling their first mass produced model at Xpeng’s “AI Day” event. Combining Xpeng’s autonomous technology with Amap’s dispatch platform, the vehicle is expected to feature an exterior sun visor display and is intended for global deployment.

<a href="/company/baidu">Baidu’s</a> Apollo Go said it has provided more than 17 million rides globally and logged 240 million kilometers in autonomous driving, including 140 million fully driverless. Operating in 22 cities, the service handles about 250,000 weekly rides and has reported no major injuries since launch.

Z.ai (formerly Zhipu AI) saw its overseas paid users rise tenfold in two months to 100,000 after launching its GLM-4.6 model, which powers coding tools. The Beijing-based startup, valued at RMB 40 billion, is expanding globally as domestic growth slows and it prepares for a 2026 stock listing.

WeRide expects to raise about HKD 2.39 billion from its Hong Kong listing, pricing shares at HKD 27.1 each, about 4% below its Nasdaq close. The Guangzhou-based autonomous driving firm will list on November 6 alongside <a href="/company/pony-ai">Pony.ai</a>, using proceeds to fund robotaxi expansion, tech R&amp;D, and overseas growth.

Starbucks will form a USD 4 billion joint venture with Boyu Capital to operate its China retail business, with Boyu taking up to 60% and Starbucks retaining 40% and brand ownership. Based in Shanghai, the venture will manage 8,000 stores and aims to expand to 20,000. Starbucks expects its China retail business to exceed USD 13 billion in total value, including future royalties.

Renault is in talks with China’s <a href="/company/chery">Chery</a> and other automakers to form joint production ventures. The discussions follow its sale of a 26.4% stake in its Brazilian unit to <a href="/company/geely">Geely</a>, under which the partners will share facilities and vehicle platforms to increase capacity at Renault’s Sao Jose dos Pinhais plant.

<a href="/company/geely">Geely</a> is acquiring a 26.4% stake in Renault’s Brazilian unit, gaining access to its factory, engineering center, and sales network. The partnership gives Renault use of Geely’s hybrid and <a href="/industry/ev">EV</a> platforms to expand in South America, with plans to raise production in Brazil from 180,000 to 400,000 vehicles a year.

Agibot said it has deployed its reinforcement learning system on a pilot production line with Longcheer Technology, marking the first industrial use of reinforcement learning in <a href="/industry/robotics">robotics</a>. The system reportedly enables robots to learn new tasks within minutes, enhancing flexibility and bridging advanced <a href="/industry/ai">AI</a> with large-scale manufacturing.

China will suspend new export curbs on rare earth metals and drop investigations into US chipmakers under a trade pact with Washington, the White House said. The deal grants general export licenses for key materials and pauses planned US tariffs, easing tensions though only as a short-term truce.

https://secure.gravatar.com/avatar/6ff53490f679f358bf543998d228fb32?s=96&d=blank&r=g

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

Ant Group

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 trustless ledgers transform industries? Investigate decentralized databases, smart contracts, and infrastructure powering secure transactions.

Blockchain

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

Digital Banks

How does finance become frictionless? Examine digital banking, payment innovation, and lending platforms redefining financial access.

What streamlines global commerce? Examine digital wallets, cross-border remittances, and instant settlement technologies.

Payments

Ant Group is expanding its cross-border business from Hong Kong as the city rolls out initiatives to help Chinese enterprises expand overseas.

In Hong Kong, Ant Group finds an anchor for its global fintech ambitions

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

Cheng Zi

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

Grab lifts 2025 revenue outlook

Latest Pulses

Most Recent

Deals in brief: Accel invests in Vite+ maker VoidZero, Rolo Robotics and Videotto raise seed funding, Coolmate completes Series C round, and more

In Hong Kong, Ant Group finds an anchor for its global fintech ambitions

China to account for half of new offshore wind capacity through 2030