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

Gowin Semiconductor filed for IPO counseling with the Guangdong bureau of the CSRC on May 28. The company appointed Haitong Securities as its counseli…

Latest

Collaborate

Earnings

Auto

Retail & Commerce

A collage featuring, from left to right, promotional banners for Legend of Zang Hai 2, Regeneration 2, and Blood River 2.

Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

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

What drives digital storytelling? Examine content creation, distribution channels, and media platforms connecting audiences worldwide.

Content

How do ideas shape industries? Learn how content, design, and digital artistry influence branding, marketing, and cultural impact.

Creative

What entertains a connected world? Track shifts in film, music, and media consumption, as platforms and audiences redefine cultural experiences.

Entertainment

How do visuals captivate global viewers? Dive into streaming services, production models, and evolving formats defining video engagement.

Video

The company is using sequels, animation, and offline experiences to extend the value of stories beyond the screen.

Alibaba’s Hujing sees longform IP as a counterweight to short-form content

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

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

Artificial Intelligence

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

Deep Tech

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

The listing bid comes as conversational AI moves deeper into cars, offices, homes, and other everyday settings.

AISpeech targets Star Market IPO as demand for conversational AI grows

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.

Investment

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

Japan

Singapore

Southeast Asia

Vietnam

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.

Header Section | KrASIA

Home

Sections

Header Section

Gowin Semiconductor filed for IPO counseling with the Guangdong bureau of the CSRC on May 28. The company appointed Haitong Securities as its counseling institution for the planned IPO.

SAIC Motor plans to build its first EU car factory in Galicia, Spain. The regional government has designated the project a strategic priority, with an initial investment of USD 232 million. The planned facility, which includes a logistics hub, remains subject to approval from Spain’s central government.

Zhipu plans to issue A-shares and list on the Shanghai Stock Exchange’s Star Market. The company intends to issue 9.1–38.8 million new shares, representing 2–8% of its total share capital. Proceeds will be used to fund its foundation model development, a MaaS platform, and working capital.

<a href="/company/dreame">Dreame</a> has opened a pre-IPO funding round at a pre-money valuation of RMB 70 billion. The company is offering 5–10% of its shares, with a minimum investment threshold of RMB 350 million per investor. The round, which includes new share issuance and the sale of existing shares held by founder Yu Hao, is expected to close in early July.

Leapmotor delivered 81,569 vehicles in May, up 81% YoY and marking a new monthly record for the brand. CEO Zhu Jiangming said the A10 model contributed more than 20,000 units to the total. The company also said cumulative global sales of its C-series vehicles have surpassed 800,000 units.

MiniMax has launched M3, a flagship AI model with a one-million-token context window and native multimodal capabilities. The model uses the company’s proprietary sparse attention architecture to support long-range coding and agentic tasks. MiniMax said M3 scored 83.5 on the BrowseComp agent evaluation, outperforming Opus 4.7.

Chagee reported Q1 2026 revenue of RMB 3.55 billion, up 4.5% YoY, and adjusted net profit of RMB 507 million. The tea chain expanded to 7,531 stores globally, while gross merchandise value from overseas markets rose 139% YoY to RMB 426 million.

The EU has fined Temu EUR 200 million and opened an investigation into <a href="/company/jd">JD.com</a>’s acquisition of a German electronics retailer. The actions, announced on May 29, came ahead of a meeting of EU commissioners focused on alleged unfair trading practices by China, though member states remain divided over the appropriate policy response.

<a href="/company/byd">BYD</a> has launched Xuanji A3, which it described as China’s first self-developed 4-nm driving chip. The chip supports Level 3 and Level 4 <a href="/industry/autonomous-vehicles">autonomous driving</a> and has entered mass production. BYD said the chip delivers more than 2,100 TOPS of total computing power across three units and improves computing efficiency through its proprietary algorithms.

Douyu posted a net profit of RMB 27.4 million for Q1 2026, reversing a net loss of RMB 79.6 million in the same period last year. Revenue fell 13% YoY to RMB 822 million, as the company reduced costs by 16.9% to RMB 692 million.

<a href="/company/xpeng">Xpeng</a> reported Q1 2026 revenue of RMB 13.03 billion and gross margin of 20.6%. The company plans to accelerate production and commercialization of physical <a href="/industry/ai">AI</a> systems, and is targeting sustained monthly overseas deliveries of more than 10,000 units in the fourth quarter. Overseas markets are expected to contribute more than 20% of its Q2 revenue.

Photo shows MiniMax’s Hong Kong listing ceremony on January 9, 2026.

MiniMax, a Chinese company, develops large models and generative AI tools. It is known for the Talkie chatbot and Hailuo AI, a multimodal AI platform.

MiniMax

Foundation and Large Models

Hong Kong

The company has hired advisors and signed a guidance agreement, but said any RMB share issuance remains preliminary.

MiniMax explores Star Market listing after Hong Kong debut

https://secure.gravatar.com/avatar/cd0d29f7b9fd019c7c0d49a09a1ec8b1?s=96&d=blank&r=g

T. K. Lin

Deals in brief: SG Enviro completes Series A round, Return Helper raises USD 4 million, 14 new China investments, and more

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

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

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

Semiconductors

The Chinese company said its new chipmaking approach could help it match TSMC and Intel by 2031.

Huawei says new Kirin chip for phones overcomes US clampdown

As part of 36Kr’s ongoing partnership with Nikkei, you can read selected content from Nikkei Asia on KrASIA.

https://secure.gravatar.com/avatar/aec5e55596415464d13490d0e0caa9a2?s=96&d=blank&r=g

Gowin begins IPO counseling

Latest Pulses

Most Recent

MiniMax explores Star Market listing after Hong Kong debut

Deals in brief: SG Enviro completes Series A round, Return Helper raises USD 4 million, 14 new China investments, and more

Huawei says new Kirin chip for phones overcomes US clampdown