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Miniso has selected Nest as its facilities management partner for over 300 stores in the US. Services will include HVAC, electrical, plumbing, and lig…

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Sea Group operates digital entertainment (Garena), e-commerce (Shopee), and fintech (SeaMoney) platforms across Southeast Asia.

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Shopee, a Southeast Asian online marketplace, features interactive shopping, flash deals, and localized payment options.

Shopee

Southeast Asia’s tech ecosystem is a melting pot of startups and businesses of all sizes, all vying for rapid growth.

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The company beat estimates as first-quarter revenue exceeded USD 7 billion.

Singapore's Sea logs drop in e-commerce profit as competition intensifies

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The USD 210 million deal gives it access to lithium resources in Ghana and Ivory Coast.

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Deals in brief: JustCo files for SGX listing; Thailand’s Konvy raises Series B funding; 12 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.

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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/miniso">Miniso</a> has selected Nest as its facilities management partner for over 300 stores in the US. Services will include HVAC, electrical, plumbing, and lighting maintenance.

TSMC projects the global semiconductor market will exceed USD 1.5 trillion by 2030, up from an earlier forecast of USD 1 trillion, with AI and high-performance computing expected to account for 55% of the total. To meet demand, the company is accelerating capacity expansion, including plans for nine new wafer fabrication plants and advanced packaging facilities.

Shenzhen-based Adtech Technology has filed for an IPO on the Hong Kong Stock Exchange, according to a regulatory filing.

Bambu Lab reached RMB 10 billion in revenue in 2025, capturing nearly 30% of the global market. The company is part of a group of Shenzhen-based firms that control 90% of the entry-level 3D printer segment, though it faces increasing competition and potential IP risks as it expands globally.

SMIC reported Q1 2026 revenue of USD 2.5 billion, meeting guidance despite a slight decline in smartphone demand. It expects Q2 revenue to grow 14–16%, above market expectations of 7%, as demand for mature process nodes and pricing recover.

Hengrui Medicine has signed a global partnership with Bristol Myers Squibb covering 13 early-stage projects in oncology, hematology, and immunology. Announced on May 12, the deal has a potential total value of USD 15.2 billion, including USD 950 million in upfront and milestone payments.

SMIC is raising prices for products in high demand, co-CEO Zhao Haijun said during the company’s Q1 earnings call. The company reported a Q1 gross margin of 20.1%, up 0.9 percentage points sequentially, driven by higher average selling prices and an improved product mix.

<a href="/company/alibaba">Alibaba’s</a> Model Studio is expected to exceed RMB 30 billion in annualized revenue by year's end, according to group CEO Eddie Wu, with <a href="/industry/ai">AI</a>-related income projected to account for more than 50% of total cloud revenue within the next year.

<a href="/company/honor">Honor</a> CEO Li Jian said the company will release its “Robot Phone” in the third quarter of 2026. The device, first unveiled at MWC 2026, features a 200-megapixel motorized gimbal camera and uses <a href="/industry/ai">AI</a>-driven object tracking and video stabilization technology developed with Arri.

<a href="/company/alibaba">Alibaba</a> said AliExpress Brand+ penetration exceeded 30% of quarterly active buyers in its latest reported quarter, with faster brand onboarding and sales gains. Launched in 2025, the program targets overseas growth, with brand GMV up more than 40% and a plan to help 2,000 Chinese brands expand globally.

<a href="/company/xpeng">Xpeng</a> is in talks with Volkswagen and other automakers to acquire a manufacturing facility in Europe. Cheng Xiaoguang, its head for Northeast Europe, said the company is evaluating potential sites, adding that some existing Volkswagen facilities may not meet its future production requirements.

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

Explore East Asia’s thriving tech hubs, global electronics producers, and fast-evolving digital platforms shaping cross-border innovation.

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WeRide refines autonomous vehicle software, deploying AI-driven solutions that improve road safety, efficiency, and future-ready mobility.

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Its footprint now spans dozens of cities across 12 countries.

WeRide posts record quarterly revenue as robotaxi rollout gains pace

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

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IPO Zaozhidao

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

Electric Vehicles

Companies look to expand in Japan’s EV market, with local production under consideration.

Chinese automaker Chery to launch EV brand with Japan's Autobacs Seven

Chinese automaker Chery to launch EV brand with Japan&#8217;s Autobacs Seven

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JD.com, a Chinese e-commerce leader, ensures trusted transactions, efficient logistics, and a wide product selection for online shoppers.

JD.com

How do goods cross borders seamlessly? Examine warehousing tech, route optimization, and data analytics building efficient supply chains.

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How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

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It is getting more profit out of retail, even as quick commerce spending tests the limits of that improvement.

JD.com beats quarterly expectations, but food delivery keeps margins under pressure

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Miniso partners with Nest in the US

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WeRide posts record quarterly revenue as robotaxi rollout gains pace

Chinese automaker Chery to launch EV brand with Japan’s Autobacs Seven

JD.com beats quarterly expectations, but food delivery keeps margins under pressure