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Lufax acknowledged breaching Hong Kong listing rules and restated its 2022 and 2023 reports, disclosing 59 previously unreported wealth product subscr…

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

China

Dingdong Maicai, a fresh grocery delivery service, caters to busy urbanites seeking high-quality produce at their doorstep.

Dingdong Maicai

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

East Asia

JD.com, a Chinese e-commerce leader, ensures trusted transactions, efficient logistics, and a wide product selection for online shoppers.

JD.com

Meituan, China’s all-in-one local services platform, covers food delivery, travel bookings, and lifestyle deals, simplifying daily consumer choices.

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

Consumer Economy

What changes the way we shop? Review fresh inventory management, dark stores, and logistics driving door-to-door grocery services.

Grocery Delivery

Why do firms join forces? Investigate synergy goals, valuation methods, and negotiations driving corporate consolidation.

Merger &amp; Acquisition

How do platforms deliver on immediacy? Analyze ride-hailing, instant deliveries, and gig models meeting consumer needs fast.

On-demand Services

E-commerce

Meituan’s takeover closes a chapter in China’s fresh grocery e-commerce race.

Meituan beats JD.com to acquire Dingdong Maicai’s China business

Decoding China&#039;s tech and business pulse

KrASIA

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.

Cheng Zi

NetEase, a Chinese Internet services firm, offers online gaming, music streaming, and e-commerce platforms, engaging millions of digital users.

NetEase

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

Gaming

Game revenue declined quarter-on-quarter following a summer boost, while a higher share of proprietary titles lifted gross margin.

NetEase Q4 growth capped by seasonal lull, but margins improve

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

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.

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

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

Deals in brief: Grab to acquire Stash, Gobi Partners backs Valiance Health, Humain invests in xAI, and more

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

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Lufax acknowledged breaching Hong Kong listing rules and restated its 2022 and 2023 reports, disclosing 59 previously unreported wealth product subscriptions totaling over RMB 45 billion. Four transactions worth RMB 2.1 billion required shareholder approval. The moves follow auditor warnings over possible related-party transactions.

<a href="/company/bytedance">ByteDance</a> is in advanced talks to sell Moonton, creator of <em>Mobile Legends: Bang Bang</em>, to Saudi Arabia’s Savvy Games Group for USD 6–7 billion. The companies have reached broad agreement on terms and could seal a deal this quarter. ByteDance bought the studio in 2021 at a roughly USD 4 billion valuation.

More than 130 million people tried using Qwen’s AI for shopping for the first time during the Lunar New Year holiday, according to data released by the app’s operator on February 17. Ticket orders rose 22-fold in two days, transport bookings climbed more than sevenfold, and movie ticket purchases jumped 372-fold, with nearly half of orders coming from county-level areas.

Robot orders jumped 150% in the first two hours of China’s televised Lunar New Year gala, with <a href="/company/jd">JD.com</a> searches rising more than 300%. Unitree, which showcased humanoid robots performing complex routines, is targeting 10,000–20,000 shipments in 2026. Galbot’s RMB 700,000 model reportedly secured hundreds of orders within 24 hours.

<a href="/company/byd">BYD</a> and <a href="/company/geely">Geely</a> have reportedly made the final shortlist to acquire a vehicle factory in Guanajuato, Mexico. The plant produces the Mercedes-Benz GLB and Nissan Sentra, and has established production capacity and supply chains, offering access to North and South American markets.

<a href="/company/bytedance">ByteDance</a> has launched Doubao 2.0, upgrading China’s most widely used AI chatbot with complex reasoning and multi-step task execution capabilities. The company said the Pro version matches <a href="/company/openai">OpenAI’s</a> GPT 5.2 and Google’s Gemini 3 Pro while cutting usage costs by roughly an order of magnitude.

<a href="/company/bytedance">ByteDance</a> said it is strengthening safeguards in its Seedance 2.0 video model after Disney sent a cease-and-desist letter alleging infringement of characters from the Marvel and Star Wars franchises. The backlash includes criticism from SAG-AFTRA and the Motion Picture Association, as well as a Japanese government investigation into <a href="/industry/ai">AI</a>-generated anime content.

CaoCao Mobility has expanded its robotaxi fleet in Binjiang, Hangzhou, to 100 vehicles, marking a milestone in its shift toward fully driverless operations. The company also launched a mobility hub equipped with automated battery swapping and dispatch systems, and plans to debut a purpose-built robotaxi model this year with a target of deploying 100,000 units by 2030.

Genki Forest posted double-digit growth for a third straight year, with founder Tang Binsen saying profitability and operational efficiency improved further in 2025 after an initial breakthrough in 2024. Vitamin water sales jumped about 128% YoY, iced tea rose 56%, and the company expanded its retail footprint to 1.28 million outlets by year's end.

<a href="/company/minimax">MiniMax</a> has launched M2.5, a foundation model it said delivers state-of-the-art coding and agentic performance, including 80.2% on the SWE-Bench Verified benchmark. Served at up to 100 tokens per second (TPS), the model can reportedly run continuously for about USD 1 per hour at 100 output tokens per second, with a lower-speed version priced at roughly half the cost.

<a href="/company/tencent">Tencent</a> has integrated Uber into its mobility-focused WeChat mini program, allowing users to book rides overseas without downloading a separate app. The feature spans more than 20 countries and regions, including Hong Kong, Japan, the UK, and the US, covers over 1,000 destinations, and supports WeChat Pay without the need for currency exchange.

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

Creative

What sets the world’s soundtrack? Follow streaming royalties, label strategies, and genre shifts guiding the global music industry’s rhythm.

Music

Beginners seeking the experience of playing an instrument may soon be able to bypass the steep learning curve.

With the U1, LiberLive aims to address music instrument dropout

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Photo of a sixth-generation RT6 autonomous vehicle operated by Baidu’s Apollo Go in Dubai, UAE.

Qatar

Here’s a roundup of key developments across the Middle East for the week of February 1–7.

Middle East weekly: Baidu’s Apollo Go operates driverless fleet at WGS, QIA commits USD 2 billion to startups, Qatar signs agreement with TikTok, and more

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Lufax admits rule breaches, restates

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Deals in brief: Grab to acquire Stash, Gobi Partners backs Valiance Health, Humain invests in xAI, and more

With the U1, LiberLive aims to address music instrument dropout

Middle East weekly: Baidu’s Apollo Go operates driverless fleet at WGS, QIA commits USD 2 billion to startups, Qatar signs agreement with TikTok, and more