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TA Associates has launched a sale process for Gong Cha that could value the tea chain at USD 2 billion, up from about USD 288 million in 2019, as grow…

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

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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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TA Associates has launched a sale process for Gong Cha that could value the tea chain at USD 2 billion, up from about USD 288 million in 2019, as growth shifts to its network of more than 2,200 stores across 30 markets.

<a href="/company/tencent">Tencent Cloud</a> will raise prices for <a href="/industry/ai">AI</a> computing, container services, and Elastic MapReduce by 5% from May 9, citing rising hardware costs and surging demand, in line with similar moves by <a href="/company/alibaba">Alibaba Cloud</a> and <a href="/company/baidu">Baidu</a>.

<a href="/company/bytedance">ByteDance</a> has launched Seeduplex, a voice model built on a full-duplex framework, designed to cut error interruptions and enable more natural dialogue with real-time listening and response.

WeChat has begun deleting articles flagged as “non-human automated content” after banning <a href="/industry/ai">AI</a>-generated and scripted publishing, with violations facing content removal and account penalties.

<a href="/company/deepseek">DeepSeek</a> has begun limited testing of its V4 model, introducing fast, expert, and vision modes, signaling a tiered approach combining lightweight and multimodal capabilities.

<a href="/company/minimax">MiniMax</a> has launched MMX-CLI, a command-line tool for <a href="/industry/ai">AI</a> agents that enables native access to its multimodal models and supports automated workflows from content generation to video production.

<a href="/company/byd">BYD</a> has announced it will debut the Sea Lion 08 SUV at this year's Beijing Auto Show, expanding its Ocean series lineup with a new high-end model.

CK Hutchison’s Panama Ports Company has launched arbitration against Maersk, alleging breach of contract over canal port operations, with related claims tied to a broader dispute exceeding USD 2 billion.

<a href="/company/xiaohongshu">Xiaohongshu</a> unveiled its NPL (notes, people, live streaming) commerce framework and said top merchants posted over 2.6-fold GMV growth in 2025, with 39 million users generating daily purchase demand.

GAC Aion has launched the RT Super sedan with battery swapping, priced from RMB 88,800 under a leasing plan, offering up to 650 kilometers of range and 99-second swaps via <a href="/company/catl">CATL</a> stations.

Rokid is said to be considering a Hong Kong IPO filing, following its recent corporate restructuring, while founder Misa Zhu said the changes were not tied to listing plans.

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Qianniu sits at the center of the plan, evolving into an agentic AI platform to anchor a new token-based operating model.

Alibaba ties e-commerce growth to AI after latest overhaul

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Blinkko’s shoulder-mounted companion is designed to make meeting strangers feel more natural and less awkward.

Gong Cha sale talks revive at higher value

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Alibaba ties e-commerce growth to AI after latest overhaul

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This AI pet targets young users seeking real-world social connection