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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 regist…

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

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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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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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KrASIA tracks China’s tech and business stories, alongside key developments across the broader Asia Pacific region.

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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.

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.

<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.

<a href="/company/bytedance">ByteDance</a> has introduced a paid subscription model for Doubao with standard, enhanced, and professional tiers priced between RMB 68–500 per month. The move follows the platform reaching 345 million monthly active users in Q1 2026, as the company seeks to manage high inference costs and shift its user base toward productivity-focused features.

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

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

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

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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

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T3 Chuxing files for Hong Kong IPO

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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