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

Chinese fintech company OPay has engaged JPMorgan and two other banks to prepare for a US IPO targeting a USD 4 billion valuation. The company, which …

Latest

Collaborate

Earnings

Auto

Retail & Commerce

Photo of James Li, CEO of Honor, on stage at Mobile World Congress 2026.

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

Honor designs smartphones and wearables, balancing price and performance for a tech-savvy, value-focused audience.

Honor

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

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

Smartphones

There’s no consensus yet on the final form factor, but smartphone makers may have an advantage in AI devices.

Honor sees phones as key to on-device AI, even if they are not the endgame

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

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?

From left to right: Genping Liu, Dennis Sze, Lemuel Low, Edmund Tan, and Chan Yip Pang. Sze, Low, and Tan are co-founders of ReN3, while Liu and Chan serve as general partner and executive director of investments, respectively, at Vertex Ventures Southeast Asia & India.

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

Singapore

Southeast Asia

Thailand

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

Deals in brief: Vertex Ventures backs ReN3 and Formas.ai; Featherless and SiamDL raise Series A funding; latest 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.

Header Section | KrASIA

Home

Sections

Header Section

Chinese fintech company OPay has engaged JPMorgan and two other banks to prepare for a US IPO targeting a USD 4 billion valuation. The company, which focuses on the Nigerian market, previously raised USD 400 million in a 2021 funding round.

Yanghe Distillery reported 2025 revenue of RMB 19.21 billion and net profit of RMB 2.21 billion. Amid a broader industry downturn, the company reduced its liquor inventory by 31.74% to 31,122.56 tons, prioritizing channel destocking and price stability over volume growth.

<a href="/company/huawei">Huawei</a> updated its HarmonyOS 6.1 assistant with new identity verification and content synchronization features. The update requires identity verification to access sensitive information and enables automatic syncing of saved content for centralized management, including <a href="/industry/ai">AI</a>-powered summaries and Q&amp;A.

<a href="/company/xpeng">Xpeng</a> announced that its GX SUV successfully navigated 49 consecutive hairpin turns on a five-kilometer mountain road in Yunnan. The vehicle features a 5.4-meter turning radius and a minimum 0.6-turn steering ratio at low speeds. The full-size SUV, which debuted on April 15, starts at RMB 399,800.

Meitu reached 17.9 million global paid subscribers in Q1 2026, a 30.2% YoY increase. Revenue from its imaging and design products rose 34.3% to RMB 852 million. The company also disclosed that its AI productivity application's ARR reached RMB 580 million, up 56.2% YoY, as it expands its subscription and AI compute business models.

T3 Chuxing has filed for an IPO on the Hong Kong Stock Exchange. As of late 2025, the company operated in 194 cities and had over 234.5 million registered users. It reported a 2025 profit of RMB 7.44 million on revenue of RMB 17.11 billion, though it faces increasing reliance on third-party ride-hailing aggregators for order volume.

<a href="/company/xiaomi">Xiaomi</a> announced that its latest SU7 <a href="/industry/ev">EV</a> model has surpassed 80,000 locked orders within 48 days of its launch. The company also introduced limited-time purchase incentives, effective May 6–31, offering up to RMB 61,000 in benefits for the Max version and RMB 42,000 for other versions.

China Unicom announced that its vehicle networking platform has reached 100 million connected cars, establishing what it claims is the world's largest vehicle networking infrastructure. The platform currently serves 92 automakers and processes over two billion interface calls per month.

Geely has reportedly reached an agreement to acquire the Body 3 assembly line at Ford's Almussafes plant in Valencia, Spain. The company plans to use the facility to produce vehicles based on its GEA architecture for the European market. Ford and Geely have not officially confirmed the deal, though industry sources indicate it is finalized.

A proposed class action lawsuit filed in the US District Court for the Central District of California alleges that software updates from Roku and TCL have rendered certain television models unusable. The plaintiff claims the companies failed to test software properly and ignored user complaints. A Roku spokesperson stated the company believes the allegations are without merit.

<a href="/company/pony-ai">Pony.ai</a> said it has built the infrastructure needed for large-scale robotaxi deployment, according to CEO James Peng. The company is now focused on scaling operations, upgrading its <a href="/industry/ai">AI</a> systems, and reducing production costs. It aims to lower the cost of its seventh-generation robotaxis to below USD 34,000 by 2027 as it expands services in China and overseas.

Dreame

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

Dreame’s playbook carries echoes of Xiaomi’s rise.

Making sense of Dreame’s rocket-boosted car and automotive ambitions

https://secure.gravatar.com/avatar/a1c02e0609a846ab19ab44182633a8d5?s=96&d=blank&r=g

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

Hardware

Sonnoc is betting that triple-color laser technology, led by its Xiaolong series, can help it gain ground.

Triple-color laser opens a new window for Sonnoc’s projector ambitions

https://secure.gravatar.com/avatar/6ff53490f679f358bf543998d228fb32?s=96&d=blank&r=g

OPay prepares for US IPO

Latest Pulses

Most Recent

Making sense of Dreame’s rocket-boosted car and automotive ambitions

Triple-color laser opens a new window for Sonnoc’s projector ambitions

Deals in brief: Vertex Ventures backs ReN3 and Formas.ai; Featherless and SiamDL raise Series A funding; latest China investments, and more