Alibaba

ByteDance

CATL

Huawei

Meituan

Tencent

Xiaomi

Most Followed

KrASIA Connection

Venture Roundup

Earnings Reports

China's Auto Sector

Inside China's Startups

100 AI Creators

View All

Collections

News

Features

Insights

Ecosystem

Press Releases

DeepSeek

Li Auto

Luckin Coffee

Mixue Bingcheng

Pop Mart

Xpeng

On the Radar

Cainiao and Tmall Supermarket are joining forces to expand Alibaba’s quick commerce logistics, adding fulfilment hubs in 31 cities by January next yea…

Events

Latest

About

Consumer

Robotics

Fintech

Collaborate

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.

China

What began as a mobile playmate for cats and dogs has grown into a global line of companion robots.

Inside Enabot’s quest to build companion robots first for pets, then for people

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

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

Li Auto develops electric vehicles that combine smart cockpit systems, advanced safety features, and long-distance battery support.

How are driverless systems redefining mobility? Uncover sensor technologies, regulatory frameworks, and AI driving cars without human intervention.

Autonomous Vehicles

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

Electric Vehicles

How is the way we move evolving? Explore developments in autonomous transportation, electric vehicles, and more efficient urban transit.

Mobility

How do goods and people flow worldwide? Examine transport networks, logistics innovations, and policies shaping global connectivity.

Transportation

The new facility marks Li Auto’s latest move in its transformation into an “AI company.”

Li Auto builds Silicon Valley lab to chase Xpeng and others in smart driving

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

Hong Kong

Singapore

Southeast Asia

Vietnam

Bringing you the latest updates on funding and investment activity across the Asia Pacific.

Deals in brief: Pyxis hits first close of SGD 18 million round, BBVA leads Olea’s Series A funding, latest China investments, 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

Cainiao and Tmall Supermarket are joining forces to expand <a href="/company/alibaba">Alibaba’s</a> quick commerce logistics, adding fulfilment hubs in 31 cities by January next year. The plan supports Taobao's Shangou platform, enabling four-hour deliveries and improving efficiency by over 50% to compete with <a href="/company/jd">JD.com</a> and <a href="/company/meituan">Meituan</a>.

Qoros Auto is facing a bankruptcy review after a supplier filed suit over unpaid debts. Court filings show 31 equity freezes totaling over RMB 35 billion and dozens of enforcement actions against the automaker, once seen as a rising Chinese brand but now struggling with liquidity and production halts.

Z.ai has launched GLM-4.7, the latest version of its flagship model, featuring major upgrades in coding, reasoning, and agent execution. The model introduces a “think before acting” mechanism, achieves state-of-the-art results on several open-source benchmarks, and reportedly outperforms GPT-5.1 in reasoning tasks.

<a href="/company/kuaishou">Kuaishou</a> said its live streaming function was hit by a cyberattack around 10 p.m. on December 22, but has since resumed normal operations after emergency repairs. Other app services were unaffected. The company reported the incident to police and vowed legal action to safeguard user and shareholder interests.

<a href="/company/bytedance">ByteDance</a> plans to boost its 2026 <a href="/industry/ai">AI</a> investment to RMB 160 billion, allocating over half to chip purchases, including <a href="/company/nvidia">Nvidia’s</a> H200 processors if approvals allow. The TikTok owner is also expanding its overseas data center footprint as usage of its Doubao chatbot surges in China despite US export restrictions.

<a href="/company/geely">Geely</a> has completed the privatization of Zeekr after meeting all merger conditions on December 22. The move makes Zeekr a wholly owned Geely subsidiary and removes it from the New York Stock Exchange, with its financial results to be fully consolidated into the group’s accounts.

China Vanke has sold its remaining 10% stake in a Shanghai real estate venture with Singapore’s GIC, according to corporate records. The move comes as the developer faces a crucial bondholder vote on extending repayment of a RMB 2 billion bond that matured last week, a test of confidence in China’s property market.

<a href="/company/alibaba">Alibaba</a> has unveiled Qwen-Image-Layered, an image generation model built on a layered architecture. The company said the model decomposes images into multiple independently editable layers, allowing more precise adjustments and greater creative control in <a href="/industry/ai">AI</a>-driven visual design.

In a post on Weibo, <a href="/company/huawei">Huawei</a> said more than 32 million devices now run HarmonyOS 5 and HarmonyOS 6, underscoring rapid adoption of its self-developed operating system.

<a href="/company/xiaomi">Xiaomi</a> president Lu Weibing has confirmed that the new Xiaomi 17 Ultra will be priced higher, citing soaring memory costs driven by rapid <a href="/industry/ai">AI</a> and high-performance computing growth. He said the company faces major pricing pressure as memory supply remains tight, with new capacity not expected until the end of 2027.

Hong Kong Exchanges and Clearing (HKEX) recorded a milestone year in 2025, leading the world in IPO fundraising with HKD 274.6 billion raised. Average daily turnover for the first 11 months rose 43% YoY. The exchange also launched new technology and biotech indices, advanced market reforms, and expanded into the Middle East, reinforcing Hong Kong’s position as a leading international financial hub.

What powers digital devices? Delve into chip design, manufacturing bottlenecks, and semiconductor breakthroughs fueling global electronics.

Semiconductors

The Chinese chipmaker has built a vertically integrated GPGPU ecosystem, and now seeks new capital to scale it.

Iluvatar CoreX becomes first Chinese GPGPU firm to gain HKEX listing approval

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

Image shows Dreame’s A2 robotic lawn mower.

Dreame

Borrowing from the playbook of autonomous vehicles, Dreame uses LiDAR tech to achieve what traditional garden toolmakers couldn’t.

Dreame’s robotic lawn mowers lead the pack with a smart LiDAR edge

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

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

Indonesia

Indonesia's financial authority has moved to regulate unlicensed financial advisers to protect novice investors.

Indonesia's "finfluencers" under scrutiny as P2P lending bubble bursts

Indonesia&#8217;s &#8220;finfluencers&#8221; under scrutiny as P2P lending bubble bursts

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

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

Alibaba expands quick commerce network

Latest Pulses

Most Recent

Iluvatar CoreX becomes first Chinese GPGPU firm to gain HKEX listing approval

Dreame’s robotic lawn mowers lead the pack with a smart LiDAR edge

Indonesia’s “finfluencers” under scrutiny as P2P lending bubble bursts