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

Cursor has raised USD 2.3 billion at a USD 29.3 billion valuation, nearly tripling its value since June. Backed by Nvidia, Google, and major venture f…

Events

Latest

About

Consumer

Robotics

Fintech

Collaborate

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

China

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

East Asia

Xpeng Motors builds intelligent EVs equipped with advanced infotainment systems, autonomous features, and sleek electric mobility designs.

Xpeng Motors

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

Deep Tech

Embodied Intelligence

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

Elastomer “muscles” and a bionic spine made the robot so lifelike that it’s forcing a rethink of how closely machines can mimic humans.

Was there a person inside Xpeng’s robot? CEO debunks rumors onstage to viral disbelief

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

Creative

How does interactive entertainment evolve? Assess gaming ecosystems, esports growth, and technology enhancing virtual play.

Gaming

The veteran marketer’s exit comes as Mihoyo shifts Genshin Impact’s focus toward long-term growth.

Mihoyo loses key Genshin Impact figure as Xie Qiliang steps down

Grab, a Southeast Asian superapp, provides ride-hailing, food delivery, and mobile payments, connecting millions to on-demand services.

Grab

Southeast Asia’s tech ecosystem is a melting pot of startups and businesses of all sizes, all vying for rapid growth.

Southeast 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

Singapore

Thailand

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

Deals in brief: Grab invests USD 60 million in Vay, Transcelestial secures new funding, Bioactivx closes seed 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

Cursor has raised USD 2.3 billion at a USD 29.3 billion valuation, nearly tripling its value since June. Backed by <a href="/company/nvidia">Nvidia</a>, Google, and major venture firms, Cursor joins the ranks of companies valued above USD 10 billion. Its coding tool now generates more than USD 1 billion in annualized revenue.

Chinese family entertainment brand Meland will open its first overseas location in Bangkok’s Siam Paragon by the end of 2025. Developed with Siam Piwat, the 5,000-square-meter indoor park will feature six themed zones, hundreds of play experiences, and collaborations with D’strict, marking Meland’s global debut in family-oriented entertainment.

Mihoyo confirmed that Xie Qiliang, marketing lead of <em>Genshin Impact</em>, has resigned for personal and career reasons after six years with the company. Xie joined from <a href="/company/netease">NetEase</a> in 2020, and his departure marks another leadership change as <em>Genshin Impact</em> enters a steadier operational phase.

Apple and <a href="/company/tencent">Tencent</a> have reached a deal allowing the iPhone maker to take a 15% commission on purchases made through WeChat mini games and apps, ending a longstanding payment dispute. The agreement gives Apple a new revenue stream in China and eases pressure on Tencent as both firms seek to stabilize ties in the world’s largest smartphone market.

<a href="/company/baidu">Baidu</a> unveiled Ernie 5.0, its natively "omnimodal" foundation model integrating text, images, audio, and video, at Baidu World 2025. The company also introduced new <a href="/industry/ai">AI</a> agents, including Famou and GenFlow 3.0, while expanding the global rollout of tools such as MeDo and its digital human technology.

<a href="/company/bilibili">Bilibili</a> reported Q3 2025 revenue of RMB 7.69 billion, up 5% YoY, driven by 23% growth in advertising. Net profit reached RMB 469.4 million, reversing a loss a year earlier, while adjusted profit surged 233% to RMB 786.3 million. Strong user engagement and cost discipline pushed margins higher, marking sustained profitability momentum.

<a href="/company/jd">JD.com</a> reported stronger-than-expected quarterly revenue of RMB 299.1 billion, up 15%, as subsidies and a push into quick commerce boosted growth. Profit plunged 55% to RMB 5.3 billion amid fierce discounting. The company also expanded abroad with a stake in Ceconomy but lost out on a potential Argos acquisition.

<a href="/company/weride">WeRide</a> and <a href="/company/grab">Grab</a> have received approval from Singapore’s Land Transport Authority to expand testing of their autonomous shuttle fleet in the city-state’s Punggol district. Trials began in October and will increase fourfold by year's end. The 11-vehicle fleet will pave the way for Singapore’s first residential autonomous shuttle service, expected to launch in early 2026.

Personal care brand Laifen is expanding into the floor washer market, a segment dominated by Ecovacs’ Tineco. The move follows Laifen’s push into shavers and electric toothbrushes as hair dryer sales plateau. Despite intense competition, the category continues to grow, reaching RMB 14.09 billion in sales in 2024.

China’s top legislature has approved revisions to the internet safety law, tightening oversight of generative <a href="/industry/ai">AI</a>. The updated rules take effect in January. The law now extends beyond telecom security to cover AI risk management and the labeling of synthetic media. The move follows a surge of fake disaster and crime images online, leading to detentions and stricter enforcement.

<a href="/company/ant-group">Ant International</a> has launched an iris authentication feature for its Alipay+ GlassPay system, adding a new biometric layer to its AR-based payment tools. The upgrade compares more than 260 iris markers with liveness detection and complements existing voiceprint verification. <a href="/company/xiaomi">Xiaomi</a> and Meizu are the first partners, and Ant is planning a wider rollout across the Asia Pacific.

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

How does credit flow online? Explore digital lending tools, alternative scoring, and services accelerating capital access.

Lending

AI can be used to broaden credit access and rebuild trust in digital lending, he said.

Can AI make credit access more equitable? FinVolution’s Lei Chen thinks so

https://secure.gravatar.com/avatar/cd0d29f7b9fd019c7c0d49a09a1ec8b1?s=96&d=blank&r=g

T. K. Lin

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

What entertains a connected world? Track shifts in film, music, and media consumption, as platforms and audiences redefine cultural experiences.

Entertainment

The family entertainment operator is opening its first overseas location at Siam Paragon.

Cursor raises USD 2.3 billion

Latest Pulses

Most Recent

Can AI make credit access more equitable? FinVolution’s Lei Chen thinks so

Mihoyo loses key Genshin Impact figure as Xie Qiliang steps down

China’s Meland to make global debut with Bangkok family park