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ByteDance has signed an agreement to sell mobile game studio Moonton to Saudi Arabia's Savvy Games for more than USD 6 billion, subject to regulatory …

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

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Tencent, a Chinese tech conglomerate, invests in gaming, social media, and cloud services, supporting entertainment and connectivity worldwide.

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After a viral OpenClaw installation event, Tencent is expanding more aggressively into a suite of AI agent tools.

Tencent gets bolder with agentic AI as OpenClaw sparks hype and competition

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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.

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A restructuring will see more than half of its employees depart as focus shifts toward Flyme, AI software, and automotive systems.

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Deals in brief: Wavemaker Impact backs Virdalis, MetaComp and dtcpay raise funding, PixVerse reaches unicorn status, 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.

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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/bytedance">ByteDance</a> has signed an agreement to sell mobile game studio Moonton to Saudi Arabia's Savvy Games for more than USD 6 billion, subject to regulatory approvals, according to people close to the deal. The divestment continues ByteDance’s <a href="/industry/gaming">gaming</a> overhaul as it sharpens its focus on <a href="/industry/ai">AI</a>, while Moonton’s management and Shanghai base will remain in place.

<a href="/company/xiaomi">Xiaomi</a> launched the new SU7 at RMB 219,900 for the standard model, RMB 249,900 for Pro, and RMB 303,900 for Max, marking a RMB 4,000 increase across trims. Chairman Lei Jun cited higher memory and material costs, with per-unit material costs up nearly RMB 20,000 excluding R&amp;D. The car logged 15,000 orders within 34 minutes of launch.

Li-Ning's 2025 revenue rose 3.2% to RMB 29.6 billion, while net profit attributable to equity holders fell 2.6% to RMB 2.9 billion. Gross margin slipped to 49%, and operating profit increased 6% to RMB 3.9 billion. The board proposed a final dividend of RMB 23.36 cents per share.

Circles has entered an agreement with <a href="/company/huawei">Huawei</a> to combine its digital BSS platform with Huawei’s network and cloud capabilities. The companies will explore integration across charging, policy control, and cloud infrastructure, and consider joint go-to-market initiatives for telecommunication operators.

WeRide has signed a national-level partnership with Elevate Slovakia to deploy robotaxis and other autonomous vehicle models under the country’s first state-backed autonomous driving program. Initial vehicles are set to arrive in spring 2026, with testing in Bratislava under transport ministry supervision before broader expansion.

<a href="/company/tencent">Tencent Cloud</a> said at MWC 2026 that it is expanding its partnership with 3D AI Studio, which has integrated Tencent’s HY 3D Global generative model to power scalable 3D content creation. The API-based system reportedly enables stable, high-quality model generation and supports variable demand, as the companies co-develop <a href="/industry/ai">AI</a> tools for global creators.

<a href="/company/huawei">Huawei</a> said its China government and enterprise business revenue surpassed RMB 100 billion in 2025 for the first time, with partner revenue exceeding RMB 80 billion and more than 59,000 partners now transacting with the company.

<a href="/company/pony-ai">Pony.ai</a> has delivered more than 100 Gen-7 robotaxis to Chenqi Mobility in Guangzhou, with the vehicles set to enter commercial service on the OnTime Mobility platform. The companies also signed an upgraded agreement to expand fleets and coverage, as Pony.ai licenses its autonomous driving system to partners under a recurring revenue model.

HSBC is weighing plans to cut up to 20,000 roles, or about 10% of its workforce, as it deploys <a href="/industry/ai">AI</a> to shrink middle and back office functions, according to people familiar with the matter. The review is at an early stage, spans three to five years, and no final decision has been made.

Beingmate said its controlling shareholder has signed a restructuring agreement with a Jinhua state-backed investor, which could shift control from founder Xie Hong to Jinhua's state-owned assets regulator if approved. The deal includes RMB 856 million for equity and additional funding to address debt issues.

<a href="/company/pop-mart">Pop Mart</a> and Sony Pictures will develop a feature film based on Labubu, expanding the popular IP into entertainment. The live action and CGI hybrid is in early development, with Paul King attached to direct and co-write.

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

Alibaba Cloud powers scalable cloud computing, data analytics, and cybersecurity solutions, supporting businesses’ digital transformation worldwide.

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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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Heavy spending on commerce weighed on its margins and cash flow.

Alibaba earnings come under pressure despite AI and cloud gains

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T. K. Lin

Strong results were offset by higher expenses and a warning of increased spending in 2026.

Tencent beats Q4 expectations, but rising AI costs weigh on outlook

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

Lynk &amp; Co, a mobility brand, offers connected cars and flexible ownership options, blending digital innovation with urban commuting needs.

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Zeekr crafts premium electric vehicles with smart connectivity, performance enhancements, and sleek luxury appeal for modern drivers.

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NEV growth and an improved product mix supported the carmaker’s earnings, but profit expansion remained uneven.

ByteDance to sell Moonton for USD 6 billion

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Alibaba earnings come under pressure despite AI and cloud gains

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