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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 compe…

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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.

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.

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

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

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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.

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

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

Deep Tech

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

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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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Deals in brief: SG Enviro completes Series A round, Return Helper raises USD 4 million, 14 new 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.

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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.

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.

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.

<a href="/company/tencent">Tencent</a> is collaborating with <a href="/company/huawei">Huawei</a>, <a href="/company/xiaomi">Xiaomi</a>, Honor, Oppo, and Vivo to integrate WeChat features into system-level <a href="/industry/ai">AI</a> assistants. The A2A protocol allows phone agents to trigger WeChat functions such as video calls and messaging through a secure, dual-authorization mechanism, replacing previous unauthorized GUI-based automation attempts.

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.

Electric Vehicles

How is the way we move evolving? Explore developments in autonomous transportation, electric vehicles, and more efficient urban transit.

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How do goods and people flow worldwide? Examine transport networks, logistics innovations, and policies shaping global connectivity.

Transportation

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.

Xiaoxiang Supermarket

What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

Consumer Economy

How does dinner arrive at your door? Study platform partnerships, last-mile delivery, and culinary trends powering the takeaway economy.

Food Delivery

What changes the way we shop? Review fresh inventory management, dark stores, and logistics driving door-to-door grocery services.

Grocery Delivery

How do platforms deliver on immediacy? Analyze ride-hailing, instant deliveries, and gig models meeting consumer needs fast.

On-demand Services

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

Retail

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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Transsion profit drops 53% in 2025

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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