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

Sinopec reported a 36.8% YoY decline in 2025 net profit to RMB 31.8 billion, citing rising new energy substitution and weak petrochemical margins. Ref…

Latest

Collaborate

Earnings

Auto

Retail & Commerce

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

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

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

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

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

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

Consumer Economy

What fits the world in your pocket? Track device innovation, OS ecosystems, and connectivity shaping smartphone usage.

Smartphones

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

Meizu slashes workforce as smartphone unit winds down

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

Cambodia

Europe

Singapore

Southeast Asia

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

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.

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

Sinopec reported a 36.8% YoY decline in 2025 net profit to RMB 31.8 billion, citing rising new energy substitution and weak petrochemical margins. Refinery throughput slipped 0.8% to 250.33 million tons, while gasoline and diesel output fell 2.4% and 9.1%, respectively. The company plans 2026 capital expenditure of RMB 131.6–148.6 billion.

<a href="/company/alibaba">Alibaba</a>, <a href="/company/tencent">Tencent</a>, <a href="/company/bytedance">ByteDance,</a> and <a href="/company/baidu">Baidu</a> are projected to invest a combined USD 84 billion in <a href="/industry/ai">AI</a> infrastructure in 2027, up 60% from 2025, according to Goldman Sachs. Data centers and AI agents account for much of the planned outlays, as the companies expand capacity despite mounting pressure on margins from higher upfront costs.

<a href="/company/tencent">Tencent</a> has introduced a ClawBot plug-in on WeChat, enabling its users to control OpenClaw <a href="/industry/ai">AI</a> agents within the app. The rollout expands Tencent's agentic ecosystem after similar integrations on QQ and WeCom, and comes as Chinese cybersecurity bodies issue guidance on security assessments and usage risks.

<a href="/company/dji">DJI</a> has filed a patent infringement lawsuit against <a href="/company/insta360">Insta360</a> in Shenzhen, involving six patents related to drone flight control, structure, and image processing. The legal action comes three days before DJI's launch of its first 360-degree drone. Insta360's CEO said the disputed innovations were developed internally and rejected the allegations.

Jiuzi Holdings expects to deliver an initial batch of more than 100 electric heavy-duty trucks to Vietnam after reaching cooperation intentions with several local customers. The company sees Vietnam as a hub for its Southeast Asia expansion and plans to establish local sales and after-sales service networks, while exploring further growth in Indonesia, Thailand, and Malaysia.

Berkshire Hathaway plans to acquire a 2.5% stake in Tokio Marine Holdings for USD 1.8 billion via its reinsurance arm National Indemnity, the Japanese insurer said. The partnership includes reinsurance collaboration and potential acquisitions, with National Indemnity joining Tokio Marine’s reinsurance panel. The stake cannot exceed 9.9% without board approval.

Sony Group is nearing a binding agreement to sell a majority stake in its home entertainment business to TCL Electronics in a deal valued at about USD 1 billion, according to people familiar with the matter. The companies previously outlined a joint venture with TCL holding 51% and Sony 49%, set to begin operations in April 2027. No final decision has been made.

Indonesia is targeting savings of IDR 80 trillion to offset the impact of surging oil prices tied to the Middle East conflict, the presidency confirmed on March 23. The government is weighing measures to curb fuel consumption, including a weekly remote work day for some public workers, while maintaining fuel subsidies and its USD 19.7 billion free meals program.

Malaysia is seeking alternative energy suppliers after Iran closed the Strait of Hormuz, a route through which about 50% of its oil supply passes, Prime Minister Anwar Ibrahim said. Petronas is said to be preparing contingency plans and assessing options including Australia and other Asia Pacific countries, as fuel subsidies rise to MYR 3.2 billion a month.

Ant Health and Meinian Onehealth have agreed to a partnership to advance <a href="/industry/ai">AI</a>-driven healthcare and medical services. Meinian will contribute its nationwide screening centers and health data, while Ant Health will leverage its platform to connect online consultations with offline testing and follow-up care.

<a href="/company/xpeng">Xpeng</a> has formed a robotaxi business unit to lead product definition, project integration, R&amp;D testing, and operations. CEO He Xiaopeng said during the company’s latest earnings call that it plans to begin passenger-carrying demonstration operations in the second half of 2026 to validate its technology, customer demand, and business model.

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.

Alibaba Cloud

How do firms boost efficiency? Assess cloud platforms, consulting solutions, and business intelligence tools powering corporate operations.

Cloud Solutions

Enterprise services is an over-arching term to describe an architecture combining engineering discipline and computer science to solve practical business problems. 

Enterprise Services

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

Alibaba earnings come under pressure despite AI and cloud gains

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

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.

Lynk &amp; Co

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

Zeekr

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

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

Sinopec 2025 profit drops 37%

Latest Pulses

Most Recent

Alibaba earnings come under pressure despite AI and cloud gains

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

Geely’s 2025 gains set up next test in exports and integration