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Shenzhen-listed Jingxin Pharmaceutical has initiated a dual listing process aimed at a Hong Kong IPO. The company said proceeds will fund drug R&amp;D…

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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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Shenzhen-listed Jingxin Pharmaceutical has initiated a dual listing process aimed at a Hong Kong IPO. The company said proceeds will fund drug R&amp;D and marketing as sales of its insomnia treatment didacinil expand following its inclusion in China’s national reimbursement list.

<a href="/company/jd">JD.com</a> has launched its Joybuy <a href="/industry/e-commerce">e-commerce</a> platform in the UK and several European markets, promising same-day delivery for orders placed before 11 a.m. in selected cities. The expansion comes as the company seeks growth beyond China's online retail market.

FWD Group reported operating profit after tax of USD 499 million in 2025, up 5% YoY. New business sales rose 25% to USD 2.446 billion on an annualized premium equivalent basis, while net profit reached a record USD 166 million under IFRS 17.

HelloRide has issued an apology after a consumer rights program by state broadcaster <em>CCTV</em> exposed problems involving rental electric bicycles on its platform. The company said it operates a marketplace model and does not directly run offline stores, and pledged to strengthen oversight of merchants.

<a href="/company/bytedance">ByteDance</a> has reportedly put on hold the global launch of its Seedance 2.0 video-generation model after copyright disputes with Hollywood studios and streaming platforms. The delay follows legal threats from US studios, including Disney, over the alleged use of copyrighted characters.

Moonshot AI is aiming to raise up to USD 1 billion in a new funding round that could value the startup at about USD 18 billion, according to people familiar with the matter. The Kimi chatbot developer was <a href="https://kr-asia.com/moonshot-ai-sparks-investor-frenzy-as-z-ai-and-minimax-reset-valuation-benchmarks">valued at USD 10 billion</a> earlier this year.

<a href="/company/bytedance">ByteDance</a> has denied online claims that its Wuhan R&amp;D center will shut down in June, refuting reports of mass layoffs. The company said about 50 employees will relocate due to business adjustments, adding that more than 2,000 staff remain in Wuhan across several business units.

<a href="/company/li-auto">Li Auto</a> said it has completed 97.5% of battery replacements under the Li Mega recall, with 11,128 of 11,411 vehicles fixed. Product line head Tang Jing said 283 vehicles remain pending and urged owners to complete the replacement due to potential safety risks.

<a href="/company/changan-automobile">Changan Automobile</a> has launched four upgraded car models in Mexico, including the Alsvin Plus sedan and the CS35 Max, CS55 Plus, and CS75 Plus SUVs. The move follows strong regional growth, with the company reporting its Mexico sales rose 184% in 2025.

<a href="/company/pop-mart">Pop Mart</a> is suing 3D printer maker Bambu Lab, alleging its MakerWorld platform hosted downloadable models of the Labubu character that users could 3D print at home. The case, filed in Shanghai, tests whether platforms can be held responsible for copyrighted designs shared by users, with a hearing scheduled for April 2.

China's National Medical Products Administration has approved Neuracle's implantable brain-computer interface (BCI) system designed to restore hand motor function in spinal cord injury patients. The approval marks the first time globally that an invasive BCI system has been cleared as a commercial medical product.

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As brands scale into international chains, infrastructure providers such as Sunmi emerge as key enablers.

Sunmi lays the rails for brands chasing global chain expansion

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Its first product, Lightwear, embeds a proprietary OS in earbuds to expand the offline scenarios where AI can assist.

China's Guangfan positions AI wearables as the next computing platform

China&#8217;s Guangfan positions AI wearables as the next computing platform

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Hong Kong

The Hong Kong carrier eyes a fuel surcharge hike, while Qantas and other peers rush to adjust.

Cathay logs higher profit as Iran war jolts airlines with "sudden shifts"

Cathay logs higher profit as Iran war jolts airlines with &#8220;sudden shifts&#8221;

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