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Chinese sports brand Bmai has completed its IPO counseling process and plans to file a prospectus for an A-share listing. Founded in 2012 by former Li…

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

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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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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

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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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Chinese sports brand Bmai has completed its IPO counseling process and plans to file a prospectus for an A-share listing. Founded in 2012 by former Li-Ning CEO Zhang Zhiyong, the company specializes in running footwear and apparel. Hillhouse Capital remains its largest institutional investor, holding more than 5% of the company’s shares.

Heytea has opened its first overseas tea bar in Manhattan’s Upper East Side, New York. The brand previously established the concept in Beijing, Guangzhou, Shenzhen, and Foshan.

Transsion Holdings reported a 53.49% decline in 2025 net profit to RMB 2.58 billion, as revenue fell 4.5% to RMB 65.59 billion. Facing increased competition in African smartphone markets, the company is expanding into energy storage through new brand launches and its existing distribution network.

The operator of Seesaw Coffee is facing bankruptcy liquidation petitions filed by creditors. The boutique coffee chain, once valued at RMB 1 billion, now operates only 34 stores in China. The company has faced multiple legal disputes, including unpaid debts and restricted consumption orders against founder Wu Xiaomei.

<a href="/company/bytedance">ByteDance's</a> Doubao plans to launch a professional version covering software development, data analysis, design, process automation, financial analysis, and scientific research. The move aims to shift the <a href="/industry/ai">AI</a> assistant from a casual tool to a workplace productivity platform, mirroring OpenAI’s Codex strategy of monetizing professional-grade agent capabilities.

GLB Intelligent Power Technologies has filed for an IPO on the Hong Kong Stock Exchange. The company reported 2025 revenue of RMB 3.63 billion, with 87.2% of its income coming from its largest shareholder, Geely. GLB provides electric powertrain and high-voltage power supply solutions for the EV sector.

Origin Quantum has completed a pre-IPO funding round of nearly RMB 3 billion, valuing the company at RMB 21 billion. The round was led by China North Industries Group Corporation. Origin Quantum plans to use the capital to develop 1,000- and 10,000-qubit quantum chip pilot lines and advance production of its next-generation superconducting quantum computers.

Gree Electric’s largest shareholder, Zhuhai Mingjun, sold 42.79 million shares on June 4, 2026, generating about RMB 1.66 billion. The company said the divestment is intended to repay bank loans. Following the transaction, Zhuhai Mingjun and its concerted party, Dong Mingzhu, hold a combined 17.35% stake in the appliance manufacturer.

<a href="/company/bytedance">ByteDance</a> issued a statement on June 6 denying plans to manufacture vehicles or launch an automotive brand. The company clarified that Saidou is not affiliated with it and that its automotive partnerships are limited to providing technical services, including the Doubao model, related solutions, and smart cockpit technology.

<a href="/company/dreame">Dreame</a> founder Yu Hao said the company ranked first globally in robot vacuum sales volume and revenue in Q1 2026. In an internal memo, Yu said Dreame will maintain its focus on manufacturing, technical innovation, and R&amp;D investment to address user needs globally.

Zeekr delivered 34,377 vehicles in May, an 81.8% YoY increase, while its average transaction price rose 52.4% to more than RMB 360,000. The company attributed the growth to demand for flagship models including the 9X and 8X, as it expands across more than 50 countries and regions.

Photo shows BYD chairman and CEO Wang Chuanfu announcing the launch of the automaker's Xuanji A3 self-driving chip.

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

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

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The EV maker hopes its in-house strategy will help cut costs and break an eight-month sales slump.

BYD's new self-driving chip fails to dispel investors' growth concerns

BYD&#8217;s new self-driving chip fails to dispel investors&#8217; growth concerns

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Photo of a Li Auto showroom in Almaty, Kazakhstan.

Li Auto develops electric vehicles that combine smart cockpit systems, advanced safety features, and long-distance battery support.

The continued price war in China drags the automaker’s margin into single digits.

Li Auto's luster fades with record quarterly loss, raising export stakes

Li Auto&#8217;s luster fades with record quarterly loss, raising export stakes

Meituan, China’s all-in-one local services platform, covers food delivery, travel bookings, and lifestyle deals, simplifying daily consumer choices.

Xiaoxiang Supermarket leverages digital channels to deliver groceries and essentials directly to local consumers’ doorsteps.

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

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After a costly fight for food delivery orders, the company is shifting attention to better economics, service retail, and Xiaoxiang Supermarket.

Meituan’s reset starts with narrower delivery losses

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Bmai completes IPO counseling

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BYD’s new self-driving chip fails to dispel investors’ growth concerns

Li Auto’s luster fades with record quarterly loss, raising export stakes

Meituan’s reset starts with narrower delivery losses