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Hummingbird Bioscience, a Singapore-based biotech firm, is said to be considering an IPO in Hong Kong next year, according to people familiar with the matter.

China’s PC market grew 2% YoY to 11.3 million units in Q3 2025, with desktops up 8% on commercial demand and notebooks flat at 8 million. Tablet shipments rose 9% to 8.8 million. PC shipments are expected to reach 41.5 million units in 2025 before a slight decline in 2026.

China exported 828,000 vehicles in October, up 9.5% MoM and 41.6% YoY, with export value rising to USD 14.31 billion. From January to October, shipments reached 6.513 million units, up 23.2% YoY, and export value increased 13.4% to USD 111.44 billion.

<a href="/company/goto">GoTo’s</a> nomination of Hans Patuwo as CEO marks a shift that analysts said strengthens expectations of a possible merger with <a href="/company/grab">Grab</a>. Indonesia has confirmed that ministries and sovereign fund Danantara are involved in the talks. A merger could create an operator controlling about 85% of the ride-hailing market, raising risks for drivers and competition.

China National Uranium raised RMB 4.43 billion in its Shenzhen IPO, with shares opening about 247% above the offer price. The CNNC-backed miner plans to expand uranium production in Inner Mongolia and Xinjiang and reported RMB 13.76 billion in revenue for the first nine months, up 23% YoY. Its prospectus forecasts full-year revenue of RMB 19.5–20.0 billion and net profit of RMB 1.60–1.65 billion.

Ireland’s media regulator has opened investigations into <a href="/company/tiktok">TikTok</a> and LinkedIn to determine whether their reporting tools comply with EU rules requiring clear, accessible methods for flagging suspected illegal content. The move follows a recent probe into X, and violations can draw fines of up to 6% of a company’s annual global sales.

<a href="/company/openai">OpenAI</a> is preparing to release “Garlic,” an updated model that addresses structural issues from its "Shallotpeat" project and targets large model knowledge within a smaller architecture. Internal tests show Garlic outperforming Gemini 3 and Anthropic Opus 4.5 in coding and reasoning, with a launch expected as GPT-5.2 or GPT-5.5 early next year.

<a href="/company/xpeng">Xpeng</a> and <a href="/company/huawei">Huawei</a> have unveiled DriveOne, a high-voltage oil-cooled generator that debuts in the "super range extender" version of the Xpeng X9 MPV. The system delivers 1.88 kW/kg continuous power density, at least 92% efficiency, and up to 85 kW of output when paired with a 1.5T extender.

Klook plans to pursue a US listing early next year, people familiar with the matter said, after delaying its US IPO amid weaker market sentiment and recent underperforming debuts from peers. The company filed in November and may seek USD 300–500 million, with proceeds designated for acquisitions, investments, and operating needs.

Z.ai said annual recurring revenue from its <a href="/industry/ai">AI</a> development tools has surpassed RMB 100 million, driven by a tenfold rise in usage following the launch of its GLM-4.5 model. The company reported USD 42 million in 2024 revenue and now serves more than 2.7 million paying API users. Backed by major Chinese investors, it is preparing for a potential IPO while expanding its product lineup and adapting its models to domestic chips.

<a href="/company/catl">CATL</a> said at a joint event with <a href="/company/gac">GAC</a> and <a href="/company/jd">JD.com</a> that all 1,000 battery swap stations it built this year will be powered and operational before the Lunar New Year, with 2026 planning already underway. The company is expanding toward B2C services, offering flexible swap packages and targeting 10,000–20,000 stations by 2030, with a long-term goal of 30,000 sites.

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Japan and South Korea firms are looking abroad as bourses at home tighten regulations, according to experts.

East Asia to see biggest growth for US IPOs next year, says Nasdaq

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

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Nikkei Asia

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

Consumer Economy

The way Coolfly responded to a single email says much about the birdwatching tech startup’s identity.

Coolfly’s “uneconomical” sprint for one user shows the kind of company it aims to be

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Kling AI

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

Kuaishou

What guides machine-led insights? Uncover AI applications, language models, and decision-making systems transforming sectors worldwide.

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

Deep Tech

The upgrade integrates visuals, dialogue, and sound effects into a single workflow, giving creators a unified tool for immersive media production.

Kling AI launches Video 2.6 with native audio generation to speed end-to-end content creation

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.

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Singapore's Hummingbird mulls Hong Kong IPO

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East Asia to see biggest growth for US IPOs next year, says Nasdaq

Coolfly’s “uneconomical” sprint for one user shows the kind of company it aims to be

Kling AI launches Video 2.6 with native audio generation to speed end-to-end content creation