Alibaba

ByteDance

CATL

Huawei

Meituan

Tencent

Xiaomi

Most Followed

Market News

Listings (IPO)

Earnings Reports

Venture Roundup

Big Tech

Automotives

Retail and Commerce

Collections

News

Features

Insights

Press Releases

Anta

DeepSeek

Geely

Li Auto

Mixue Bingcheng

Pop Mart

Going Global

Dingdong Maicai said founder Liang Changlin has stepped down as CEO, with former CFO Wang Song assuming the role while giving up his finance duties. L…

Latest

Collaborate

Earnings

Auto

Retail & Commerce

Photo shows Blue Bottle Coffee's first outlet in Singapore, located in Raffles City Shopping Mall.

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

Luckin Coffee provides app-based ordering, convenient pickup, and a broad beverage menu, reshaping China’s coffee consumption patterns.

Luckin Coffee

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

Consumer Economy

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

Retail

Coffee

Nestle will retain part of the business while allowing Luckin to leverage Blue Bottle's brand.

Blue Bottle Coffee changes hands again as Luckin's largest shareholder makes acquisition move

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

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

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

Artificial Intelligence

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

Deep Tech

Lin Junyang’s abrupt resignation has unsettled employees at Alibaba’s flagship AI unit.

Alibaba scrambles after sudden departure of Qwen tech lead

Photo of Cortical Labs chief science officer Brett Kagan (left) and CEO Hon Wen Chong.

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

Indonesia

Oceania

Singapore

Southeast Asia

Vietnam

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

Deals in brief: Gobi Partners backs Cortical Labs, TVS invests in Vietnam’s Dat Bike, 11 China deals, 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

<p data-start="818" data-end="1029">Dingdong Maicai said founder Liang Changlin has stepped down as CEO, with former CFO Wang Song assuming the role while giving up his finance duties. Liang remains chairman, and CTO Jiang Xu will leave at the end of March. The leadership overhaul comes one month after <a href="/company/meituan">Meituan</a> completed its <a href="https://kr-asia.com/meituan-beats-jd-com-to-acquire-dingdong-maicais-china-business">USD 717 million acquisition of the company’s China business</a>.</p>

<a href="/company/baidu">Baidu’s</a> Apollo Go has resumed fully driverless testing and services in Dubai and Abu Dhabi. The restart follows its January approval for fully driverless testing in Dubai and the launch of public driverless services in Abu Dhabi.

<a href="/company/geely">Geely</a> said its overseas sales topped 60,000 units for two consecutive months, climbing 134.7% YoY to a record high. The group now operates in nearly 100 countries and regions, with Latin America, Asia Pacific, and Central Asia leading growth as it advances its global expansion strategy.

<a href="/company/tencent">Tencent Cloud</a> has launched WorkBuddy, a desktop <a href="/industry/ai">AI</a> agent compatible with OpenClaw skills and integrated with WeCom, QQ, Feishu (Lark), and DingTalk. It supports multiple models, including Hunyuan and <a href="/company/deepseek">DeepSeek</a>, and offers enterprise-grade security based on Tencent’s CodeBuddy architecture.

WeRide has deepened its partnership with <a href="/company/geely">Geely’s</a> Farizon Auto, unveiling an upgraded GXR robotaxi and planning 2,000 deliveries in 2026 across China and overseas markets. The model will begin production in the third quarter of 2026. WeRide’s global fleet reached 1,023 vehicles in January 2026 and is projected to exceed 2,600 units this year.

Chagee will enter South Korea with three Seoul stores opening in the second quarter of 2026, led by a Gangnam outlet and additional sites in Yongsan's I’Park Mall and Sinchon. It becomes the company’s eighth overseas market, as international GMV has risen more than 75% YoY for two consecutive quarters, reaching 262 stores abroad as of September 30, 2025.

Vivo has opened its first experience and service store in Singapore at 313@Somerset, integrating retail, live product demos, and on-site after-sales support in a single location.

Oppo will debut its Find N6 foldable phone on March 17, introducing what it described as the industry’s first “zero-feel crease,” enabled by a redesigned hinge and updated display materials to reduce visible folding under normal use. The device also includes a 200-megapixel Hasselblad camera, a slim book-style design, and support for the Oppo AI Pen.

Tsing Micro has begun its A-share IPO process after signing a listing guidance agreement with Huatai United Securities on February 25. The company develops reconfigurable processing unit (RPU) chips for <a href="/industry/ai">AI</a> and edge computing, with cumulative shipments exceeding 30 million units.

<a href="/company/netease">NetEase</a> will stop funding Nagoshi Studio, the Japanese developer founded by Yakuza creator Toshihiro Nagoshi, from May. The move follows a review showing the studio’s first game would require at least JPY 7 billion in additional funding as NetEase scales back global game investments.

ZTE reported 2025 revenue of RMB 134 billion, up 10.4% YoY, but net profit fell 33.3% to RMB 5.62 billion as telecom operator spending slowed. Its computing business surged 150% and accounted for 24.6% of total sales as the company expands <a href="/industry/ai">AI</a> infrastructure.

CATL manufactures batteries that power electric vehicles, energy storage, and renewable energy infrastructures globally.

How do we store tomorrow’s power? Evaluate battery R&amp;D, manufacturing progress, and recycling strategies fueling energy independence.

Batteries

How is power evolving? Review renewable sources, grid innovations, and efficiency measures driving cleaner, more resilient energy systems.

Energy

Energy storage and new infrastructure projects are expanding, but the company’s core battery segment remained its main driver in 2025.

CATL’s business is broadening, but EV batteries still drive profit

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

T. K. Lin

https://secure.gravatar.com/avatar/6ff53490f679f358bf543998d228fb32?s=96&d=blank&r=g

Photo shows Jia Guolong, founder of Xibei.

As backlash exposes deeper structural strains, Xibei’s founder is forced to rethink costs, pricing, and the chain’s ambitions.

Can Jia Guolong save Xibei by stepping back?

https://secure.gravatar.com/avatar/a1c02e0609a846ab19ab44182633a8d5?s=96&d=blank&r=g

Dingdong Maicai names new CEO

Latest Pulses

Most Recent

CATL’s business is broadening, but EV batteries still drive profit

Deals in brief: Gobi Partners backs Cortical Labs, TVS invests in Vietnam’s Dat Bike, 11 China deals, and more

Can Jia Guolong save Xibei by stepping back?