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DeepSeek reportedly plans to raise about USD 7 billion in its first funding round at a valuation of up to USD 59 billion. Tencent and CATL are expecte…

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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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The fashion retailer says its business remains resilient as tariff pressures test its global model ahead of its listing.

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

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<a href="/company/deepseek">DeepSeek</a> reportedly plans to raise about USD 7 billion in its first funding round at a valuation of up to USD 59 billion. <a href="/company/tencent">Tencent</a> and <a href="/company/catl">CATL</a> are expected to be the largest external investors, with <a href="/company/netease">NetEase</a> and <a href="/company/jd">JD.com</a> also expected to participate.

<a href="/company/bytedance">ByteDance</a> has secured a USD 29.6 billion loan after increasing the facility from an initial USD 20 billion target amid strong commitments from banks, according to Bloomberg News.

BSB Electric registered for IPO counseling with the Zhejiang branch of the China Securities Regulatory Commission on September 2 as it prepares for a potential Beijing Stock Exchange listing. The electrical components maker appointed Zheshang Securities as its counseling firm.

Anji Microelectronics submitted an application on September 2 to issue H-shares and list in Hong Kong. The company will also complete the required China Securities Regulatory Commission filing procedures. The proposed listing remains subject to regulatory approvals.

<a href="/company/byd">BYD</a> has begun selling residential solar systems through 233 automotive dealerships in Brazil. A 4.8-kilowatt system costs about RMB 26,000, including installation and related services. The initiative combines BYD’s existing solar manufacturing operations with its automotive distribution network and could provide a channel for future energy storage products.

<a href="/company/bytedance">ByteDance</a> has reportedly raised the internal price of its virtual Doubao shares to USD 17.02, up 14.6% from USD 14.85 in June. The company is expanding the incentive program for eligible <a href="/industry/ai">AI</a> employees, some of whom can adjust the proportion of cash and Doubao shares in their compensation packages.

<a href="/company/xpeng">Xpeng</a> Mona product general manager Jiang Wen denied reports that Mona L03 production would halt for one week in September. Jiang said the factory is ramping up production while seeking to shorten customer delivery wait times.

Sunmi reported H1 2026 revenue of RMB 1.76 billion, up 25.8% YoY. The company recorded a net loss of RMB 70 million, compared with net profit of RMB 15.93 million a year earlier. Europe remained its largest regional market, generating RMB 584 million in revenue.

<a href="/company/baidu">Baidu</a> CFO He Haijian said the company expects its <a href="/industry/ai">AI</a> businesses to soon generate profit and cash returns comparable to its search operations. AI-related businesses now account for more than half of total revenue, while investments in new GPU clusters are expected to break even within two to three years.

SAIC Motor sold 2.74 million vehicles from January to August, remaining China’s largest automaker by sales. August sales reached 357,000 units. NEV sales rose 30.2% YoY to 1.16 million units over the eight-month period, while overseas sales surged 52.9% to 1.02 million.

Chinese regulators issued guidelines on September 1 urging domestic automakers to avoid disruptive pricing practices in overseas markets. The guidance calls on companies to base prices on costs and local market conditions as rapid export growth raises scrutiny of Chinese automakers abroad.

Image shows BYD's Racco electric minicar.

BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

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The Chinese automaker will use the space-saving battery pack found in its Racco mini EV.

BYD to employ tech used for Japan-only mini EV on new European model

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The project, presented at the UN Global Compact BRI Summit in Singapore, examined financial access for overseas Filipino workers.

FinVolution, NUS Business School share findings on financial inclusion for Filipino domestic helpers

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How does interactive entertainment evolve? Assess gaming ecosystems, esports growth, and technology enhancing virtual play.

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Turns out, games made in China can be good too.

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DeepSeek seeks USD 7 billion funding

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BYD to employ tech used for Japan-only mini EV on new European model

FinVolution, NUS Business School share findings on financial inclusion for Filipino domestic helpers

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