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Insta360 reported Q1 revenue of RMB 2.48 billion, up 83% YoY, while net profit halved to RMB 84.62 million as R&amp;D spending jumped to RMB 465 milli…

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ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

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

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TikTok hosts short-form videos spanning entertainment, education, and branded content, capturing global audiences and driving cultural trends.

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TikTok Shop, the e-commerce arm of TikTok, enables in-app shopping by connecting users with brands and creators through live commerce and short videos.

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TikTok Shop’s growth across regions was a key driver.

ByteDance’s global e-commerce push lifts revenue as AI costs mount

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

Deals in brief: Cube and PvX Partners raise Series A funding; Singapore’s MPA backs six firms; eight 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/insta360">Insta360</a> reported Q1 revenue of RMB 2.48 billion, up 83% YoY, while net profit halved to RMB 84.62 million as R&amp;D spending jumped to RMB 465 million, exceeding profit. Founder Liu Jingkang said investment is focused on new products, custom chips, and AI amid escalating competition and litigation with <a href="/company/dji">DJI</a>.

Hong Kong Exchanges and Clearing reported a Q1 2026 profit attributable to shareholders of HKD 5.188 billion, a 27% YoY increase. Revenue and other income reached HKD 8.203 billion, up 20% from the same period last year. The company attributed the growth to higher trading and clearing fees driven by increased volumes in the spot and commodities markets.

MinoSpace has completed its IPO guidance and inspection process, according to the CSRC. The commercial satellite company engaged Haitong Securities to oversee the regulatory filing process.

<a href="/company/tencent">Tencent's</a> Hy3 preview model secured the top spot on OpenRouter's global API call volume leaderboard on April 29. The model also ranked first in tool usage and second in programming categories.

<a href="/company/tencent">Tencent</a> has launched a "copilot mode" for its Ima AI product. The agentic tool helps users manage, query, and analyze personal information assets by building a structured, evolving memory system across documents and web content.

<a href="/company/geely">Geely</a> reported a Q1 2026 net profit attributable to owners of the parent of RMB 4.17 billion, a 27% YoY decline. The company attributed the drop to foreign exchange fluctuations compared to the same period last year. Despite the profit dip, revenue grew 15% YoY on total sales of 709,358 units, driven by strong exports and higher-value product sales.

<a href="/company/xiaomi">Xiaomi's</a> next-gen Xring O3 chip features a prime core clock speed of 4.05 GHz and a redesigned three-cluster architecture. According to database leaks, the chip will debut in the China-exclusive Mix Fold 5. Compared to the O1 model, O3 reportedly increases efficiency core frequency by 68% and GPU frequency by 25%.

<a href="/company/geely">Geely</a> has unveiled the Galaxy Starship 7 EV, an electric SUV featuring the Flyme Auto system. The vehicle offers two battery options, providing a maximum range of 605 kilometers. It is powered by a 160-kilowatt front-mounted motor and features a drag coefficient of 0.278.

Agibot has placed new production orders for over 10,000 humanoid robots, according to internal sources. The company, which utilizes an asset-light model, has engaged Lingyi iTech to handle manufacturing for its Expedition and Lingxi series.

Researchers at the Shanghai Advanced Research Institute are moving technology that converts carbon dioxide into aviation fuel from the laboratory toward large-scale production. The development follows a surge in global jet fuel prices, which exceeded USD 200 per barrel in April.

Huawei launched the Watch Fit 5 smartwatch on April 29, with prices starting at RMB 1,099. The device features a 1.82-inch AMOLED display with 2,500 nits peak brightness, a 27-gram design, and guided light exercise modes covering 30 movements. It includes 64 gigabytes of storage and offers up to ten days of battery life under light use.

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

Retail

Market constraints still limit its ability to match the scale of global luxury leaders.

After a breakout year, can Laopu Gold become China’s answer to Hermes?

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Image shows Lightelligence’s Pace 2 accelerator card.

Hong Kong

Investors are tracking photonics-based systems as demand grows for faster, denser, and more efficient AI infrastructure.

Lightelligence debuts in Hong Kong as optoelectronic computing gains traction

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

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IPO Zaozhidao

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The conference and exhibition will take place on May 6 and 7, with free admission for visitors.

Tech Week Shanghai set to convene global and Chinese tech players

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Insta360 profit halves on R&D push

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After a breakout year, can Laopu Gold become China’s answer to Hermes?

Lightelligence debuts in Hong Kong as optoelectronic computing gains traction

Tech Week Shanghai set to convene global and Chinese tech players