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Tencent Holdings has appointed former OpenAI researcher Yao Shunyu as chief AI scientist, reporting to president Martin Lau. Yao will lead the company…

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Beyond collaborative robots, components are becoming a major part of its business.

Cobot maker Huayan nears Hong Kong IPO amid rising interest in humanoid robotics

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Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

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

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Enterprise services is an over-arching term to describe an architecture combining engineering discipline and computer science to solve practical business problems. 

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DingTalk is being integrated more deeply into Alibaba’s AI push under the Wukong unit, part of the group’s new ATH structure.

Alibaba’s Wukong recasts DingTalk as part of AI-native work platform

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Foodpanda, a food delivery platform in multiple Asian countries, connects diners with local restaurants and international cuisines.

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

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Deals in brief: QCraft raises Series D funding, Grab acquires Foodpanda’s Taiwan delivery business, seven China investments, and more

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KrASIA tracks China’s tech and business stories, alongside key developments across the broader Asia Pacific region.

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<a href="/company/tencent">Tencent Holdings</a> has appointed former <a href="/company/openai">OpenAI</a> researcher Yao Shunyu as chief <a href="/industry/ai">AI</a> scientist, reporting to president Martin Lau. Yao will lead the company’s new AI infrastructure department and oversee R&amp;D of large models.

China has restricted two Manus co-founders from leaving the country as regulators review Meta's USD 2 billion acquisition for potential foreign investment violations. The executives were questioned by authorities, with no formal investigation or charges announced.

China's share of global wafer fabrication capacity for mainstream chips is expected to reach 42% by 2028, up from 32% in 2025, according to SEMI China. Industry executives cited rising demand from agentic AI and advances in chip packaging as key growth drivers.

E-Power, formerly Sunrise New Energy, said it reached a preliminary agreement with ATSC Solartech to establish localized production in Vietnam for battery anodes and microgrid solutions, targeting <a href="/industry/ai">AI</a> data center and energy storage demand. The plan includes meeting US export requirements and launching initial capacity this year.

China Mobile has invested nearly HKD 10 billion in Hong Kong and opened a new data center, bringing its total capacity in the city to over 13,000 server racks. It plans to expand submarine cables and integrate Hong Kong into China’s national computing network.

SpaceX is reportedly aiming to file its IPO prospectus as soon as this week or next, with advisers expecting a raise of more than USD 75 billion. The Elon Musk-led company has not confirmed the plans.

<a href="/company/openai">OpenAI</a> will shut down its Sora platform, discontinue developer tools, and remove video features from ChatGPT, CEO Sam Altman told staff. The company is reallocating compute and talent to productivity and coding tools as it streamlines its product lineup ahead of a potential IPO.

<a href="/company/pop-mart">Pop Mart</a> reported 2025 revenue of RMB 37.1 billion, up 185% YoY, and net profit of RMB 12.8 billion, up 309%. It set a 2026 growth target of at least 20%, while outlining theme park expansion plans and a FIFA World Cup partnership featuring its Labubu IP.

A <a href="/company/bytedance">ByteDance</a> subsidiary has applied for multiple “Seedance” trademarks across categories including food, medical horticulture, and chemicals, with all applications pending review. The filings align with Seedance 2.0, its <a href="/industry/ai">AI</a> video generation model that creates clips from text or images, now in limited testing on the Dreamina platform.

<a href="/company/alibaba">Alibaba</a>, <a href="/company/tencent">Tencent</a>, <a href="/company/bytedance">ByteDance,</a> and <a href="/company/baidu">Baidu</a> are projected to invest a combined USD 84 billion in <a href="/industry/ai">AI</a> infrastructure in 2027, up 60% from 2025, according to Goldman Sachs. Data centers and AI agents account for much of the planned outlays, as the companies expand capacity despite mounting pressure on margins from higher upfront costs.

<a href="/company/tencent">Tencent</a> has introduced a ClawBot plug-in on WeChat, enabling its users to control OpenClaw <a href="/industry/ai">AI</a> agents within the app. The rollout expands Tencent's agentic ecosystem after similar integrations on QQ and WeCom, and comes as Chinese cybersecurity bodies issue guidance on security assessments and usage risks.

A BYD Dolphin Surf electric vehicle, photographed in the suburbs of Udine, Italy.

BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

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Geely, a Chinese automaker, integrates advanced engineering, EV tech, and international brand acquisitions to expand its global footprint.

Great Wall Motor produces SUVs, pickup trucks, and passenger cars across multiple brands, with a focus on expanding EV and smart vehicle capabilities.

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

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Low EV profits obscure a broader push to expand globally, adapt to local demand, and build long-term positions abroad.

The bull case for Chinese automakers, beyond EV margins

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Image of Xiaomi’s SU7 electric vehicle in the “Coastal Blue” colorway.

Xiaomi crafts affordable smartphones, wearables, and IoT devices, appealing to users who seek innovation, quality, and budget-friendly tech.

The latest EV is drawing fewer visitors and preorders than its predecessor, as expected in a more mature market.

Xiaomi’s new SU7 faces a tougher test as showroom traffic normalizes

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Pinduoduo revolutionizes e-commerce with social group buying, connecting budget-conscious shoppers to discounts on a broad range of products.

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Temu, an emerging e-commerce marketplace, offers curated deals and value-focused shopping experiences for a global consumer base.

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How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

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Increased spending on supply chains and merchant support also weighed on its 2025 results.

Former OpenAI researcher joins Tencent

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The bull case for Chinese automakers, beyond EV margins

Xiaomi’s new SU7 faces a tougher test as showroom traffic normalizes

Temu owner PDD misses estimates as margins come under pressure