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Xiaomi will not launch EVs priced below RMB 100,000 in the coming years, CEO Lei Jun said, citing higher costs from advanced smart features. He made t…

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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

Xiaohongshu, also known as RedNote, is a platform that connects users to curated content for fashion, beauty, travel, and more.

Xiaohongshu

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

Artificial Intelligence

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

Consumer Economy

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

Deep Tech

Xiaohongshu is elevating AI across its organization while trying to protect the community that made it valuable.

Four years after ChatGPT, Xiaohongshu’s AI restraint gives way to urgency

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

When do companies invite public investment? Understand listing criteria, underwriter roles, and regulatory steps defining initial offerings.

What powers digital devices? Delve into chip design, manufacturing bottlenecks, and semiconductor breakthroughs fueling global electronics.

Semiconductors

Its Xtacking architecture is likely to be a key part of its pitch to investors.

YMTC moves toward A-share listing amid memory chip supercycle

IPO Zaozhidao is a Chinese media outlet that provides timely coverage of IPO developments and related market signals.

IPO Zaozhidao

Photo of Ami Sugiyama (left) and Shusaku Hayakawa, co-founders of Secai Marche.

How do markets shape wealth creation? Study portfolio diversification, asset classes, and strategies balancing growth and risk.

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Why do firms join forces? Investigate synergy goals, valuation methods, and negotiations driving corporate consolidation.

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What happens after acquisitions close? Examine deal structures, operational improvements, and exit strategies molding corporate outcomes.

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

Deals in brief: Secai Marche raises fresh funding, Singapore’s K25.ai secures at least USD 2 million, five China investments, 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.

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<a href="/company/xiaomi">Xiaomi</a> will not launch <a href="/industry/ev">EVs</a> priced below RMB 100,000 in the coming years, CEO Lei Jun said, citing higher costs from advanced smart features. He made the remarks during a live stream of the SU7 endurance challenge.

The Harmony Intelligent Mobility Alliance (HIMA) said deliveries of the Aito M6 exceeded 20,000 units in its first month on the market. The SUV, which launched on April 22 with a starting price of RMB 259,800, reached its first 10,000 deliveries within 19 days. The company plans to increase monthly production capacity to more than 20,000 units.

<a href="/company/alibaba">Alibaba</a>, <a href="/company/jd">JD.com</a>, and <a href="/company/meituan">Meituan</a> are reportedly bidding for Pupu Supermarket, a frontend warehouse operator valued at USD 2–5 billion. A deal would help the companies expand regional logistics and fresh food delivery capabilities as quick commerce consolidates.

China Liangtse has signed a listing sponsorship agreement with Zhongtai International to pursue an IPO in Hong Kong. The company operates more than 400 locations and reports 300 million cumulative users. It aims to become the first listed dedicated foot massage service provider after more than a decade of planning and the establishment of a Hong Kong-based investment entity.

Joyy reported Q1 2026 net revenue of USD 555.7 million, up 12.4% from USD 494.4 million a year earlier. The company’s social entertainment segment contributed USD 400.4 million, a 3.2% YoY increase.

FinVolution Group reported Q1 2026 net revenue of RMB 3.21 billion and net profit of RMB 421.1 million. Transaction volume in mainland China fell 21.6% to RMB 38.5 billion, while its overseas segment grew 36.7% to RMB 4.1 billion. The company reiterated its full-year 2026 revenue guidance of RMB 11.5 billion to RMB 12.9 billion.

Peng Zhihui, CTO of Agibot, has become chairman of Swancor following a business registration change. Peng, 33, now leads a board that includes four other key team members from Agibot. He previously worked at Oppo and Huawei before co-founding Agibot in 2022.

Unitree Robotics will undergo a Shanghai Stock Exchange listing committee review on June 1 for its proposed IPO. The company seeks to raise RMB 4.2 billion. In Q1 2026, Unitree reported revenue of RMB 423 million, up 68.49% YoY, while operating profit fell 54.59% to RMB 49.14 million due to higher R&amp;D and marketing expenses.

<a href="/company/dreame">Dreame</a> has appointed professional footballer Cristiano Ronaldo as its global brand ambassador. The company, which generates the majority of its revenue overseas, also works with actress Liu Yifei as its smart home appliance ambassador.

The Maextro S800, a high-end sedan produced by Huawei and JAC Motors, has become China’s bestselling luxury car, according to <a href="/company/huawei">Huawei</a>. The company said the model accounted for one-third of high-end vehicle sales in China in April.

Hong Kong Exchanges and Clearing (HKEX) declined to comment on whether it has begun researching computing power futures. The response follows CME Group’s announcement that it plans to launch an AI compute futures market this year.

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

Taobao, Alibaba’s consumer-to-consumer marketplace, connects Chinese shoppers with diverse products, from fashion and electronics to everyday essentials.

Taobao

Tmall, Alibaba’s B2C platform, hosts premium brands and official stores, offering authenticated products to Chinese consumers seeking quality goods.

Tmall

How do clicks replace aisles? Explore global marketplaces, payment solutions, and technology accelerating online retail’s growth.

E-commerce

Alibaba’s integration of Qwen and Taobao shows why data may become the moat for shopping in the AI era.

Why AI shopping can finally move from recommendations to checkout

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Lenovo supplies laptops, PCs, smartphones, and data center solutions, supporting business productivity and personal computing across markets.

Lenovo

AI Infrastructure

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

Enterprise Services

What grounds digital progress in physical form? Analyze chipsets, sensors, and advanced components driving device performance.

Hardware

The company stands to benefit as enterprise AI demand moves beyond raw compute toward integrated systems.

Lenovo’s “AI factory” approach starts to show results

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Huawei, a global telecom and smartphone vendor, delivers networking equipment, 5G solutions, and consumer devices integrating cutting-edge tech.

The framework could help Huawei’s chips achieve 1.4-nm-equivalent transistor density by 2031.

Huawei proposes “Tau scaling law” to extend chip advances beyond Moore’s law

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Xiaomi to avoid low-cost EV segment

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Why AI shopping can finally move from recommendations to checkout

Lenovo’s “AI factory” approach starts to show results

Huawei proposes “Tau scaling law” to extend chip advances beyond Moore’s law