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Evergrande NEV's loss in 2020: USD 1.2 billion

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

China

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.

Mobility

Tencent-backed Evergrande New Electric Vehicle (HKEX: 0708) reported USD 2.4 billion in revenue for 2020, up 175% year-on-year, while losses doubled to USD 1.19 billion, according to the company's latest earnings report.

KEY STAT | Evergrande NEV shares rise 7.3% despite ballooning losses

Home

Decoding China&#039;s tech and business pulse

KrASIA

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Julianna Wu

Traveloka, a Southeast Asian travel platform, helps users book flights, hotels, and local experiences seamlessly.

Traveloka

How does finance become frictionless? Examine digital banking, payment innovation, and lending platforms redefining financial access.

Fintech

What drives global exploration? Discover evolving tourism trends, hospitality services, and the shift toward personalized travel experiences.

Travel

Indonesia

Southeast Asia

Thailand

Indonesian travel tech unicorn Traveloka on Friday announced that it will partner with SCB 10X, the innovation arm of Thailand’s Siam Commercial Bank (SCB), and form a joint company called Trex Ventures.Siam Commercial Bank is one of the largest lenders in Thailand and was reportedly involved in Traveloka's USD 250 million funding round in July last year. Together, the partners plan to create financial products that are tailored to meet the needs of travelers and lifestyle consumers in Thailand, said Pitiporn Phanaphat, chief business development and financial officer at SCB 10X.

Traveloka joins Siam Commercial Bank to create fintech products in Thailand

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Khamila Mulia

Tencent, a Chinese tech conglomerate, invests in gaming, social media, and cloud services, supporting entertainment and connectivity worldwide.

Beijing-based online mutual aid platform Qingsong Huzhu stopped operations on Wednesday, Economic Observer reported, citing users of the service. Before the shutdown, the site registered 17 million users at the end of May last year, second only to Ant Group's Xiang Hu Bao with about 100 million members.

Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down

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Song Jingli

Enterprise services is an over-arching term to describe an architecture combining engineering discipline and computer science to solve practical business problems. 

Enterprise Services

Q&amp;A

Edward Senju is the ASEAN regional CEO of Japanese cloud-based contact management firm Sansan, based in Singapore. During his eleven years at the company, he has overseen Sansan’s efforts to expand internationally, including launching in India and in Southeast Asia.Founded in 2007 by entrepreneur Chika Terada, Sansan provides a CRM (customer relationship management) solution designed for enterprises or medium-businesses. It allows users to scan and upload business card information to the cloud to then share these contacts within an organization.In 2012, the firm also released a free app named Eight, which targets individual users. The platform digitizes business cards and allows users to link their Eight accounts with other social media platforms to automatically connect with new contacts online.Sansan went public in 2019 after reaching unicorn status the same year.Senju recently talked with KrASIA to share more about his personal journey and his time with Sansan.The following interview has been edited for brevity and clarity.

Taking risks to succeed | Q&A with Sansan regional CEO Edward Senju

Taking risks to succeed | Q&#038;A with Sansan regional CEO Edward Senju

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Taro Ishida

What streamlines global commerce? Examine digital wallets, cross-border remittances, and instant settlement technologies.

Payments

Several banks in Shanghai have started offering digital yuan wallets to interested individuals and corporates. So far, the electronic currency has only been available during limited trial periods and to people that have been selected in a lottery.The Industrial and Commercial Bank of China, China Construction Bank, and Bank of Communications confirmed to KrASIA on Thursday that private persons and companies can apply. The Bank of China, Agricultural Bank of China, as well as the Postal Savings Bank of China opened the service to individuals, according to a report by The Paper.

China's digital yuan is now available to individuals and corporates in Shanghai

China&#8217;s digital yuan is now available to individuals and corporates in Shanghai

Tesla’s electric cars, battery storage systems, and solar energy solutions shape sustainable transportation and power grids.

Tesla

The US market serves as both the backbone and the driving force behind global technological advancements.

Bitcoin option will be available outside of the US later this year, according to Musk.

Elon Musk: You can now buy a Tesla with bitcoin

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Vulcan Post

India’s tech landscape blossoms with e-commerce startups, fintech innovations, and IT services shaping a growing digital consumer base.

India

Sequoia Capital finances transformative companies, guiding them through growth phases and global market entry.

Sequoia Capital

What fuels startup ecosystems? Review funding rounds, investor strategies, and market insights guiding entrepreneurial growth.

Venture Capital

Sequoia Capital India, which has been focusing on early-stage investments through its two-year-old Surge program in the world’s third-largest startup ecosystem, has raised its second seed fund with a corpus of USD 195 million.

Sequoia Capital India closes second seed fund at USD 195 million

I cover Indian tech, startup, venture capital ecosystems for KrASIA.

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Moulishree Srivastava

Events

KrASIA’s Morning Briefing Ep 4 uncovers the challenges of the EV battery industry, how domestic Chinese manufacturers tackle these issues and examine the moves of industry leader CATL.

Battery-powered dreams begin with Electric Vehicles | Morning Briefing Ep 4

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KrASIA Morning Briefing and Decoded

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

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

Entertainment

Can brief clips hold lasting impact? Analyze short-form content trends, creator communities, and platform strategies for rapid viewer engagement.

Short Video

Chinese internet group Tencent Holdings has vowed to make its platform of a billion-plus users open to industry players -- including competitors -- as Beijing steps up an anti-monopoly crackdown aimed at big tech companies.Tencent President Martin Lau told investors Wednesday that its platform is open to industry players and that collaboration with any big companies needs to be "mutually constructive," responding to media reports that Tencent will allow rival Alibaba Group Holding's Taobao marketplace to sell through its mini-program

Tencent vows to embrace open platform amid antitrust crackdown

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

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Nikkei Asia

WeChat, Tencent’s superapp, combines messaging, social media, mobile payments, and mini-programs, streamlining daily tasks for over a billion users.

WeChat

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

Gaming

How can businesses drive positive change? Study policies, ESG strategies, and community initiatives fostering global social advancement.

Social Impact

Chinese tech conglomerate Tencent (HKEX: 0700) posted strong revenue growth of 28% for 2020 to reach USD 74.4 billion in sales, as online entertainment, social media, and investments brought in a steady stream of cash. Net income for the year was USD 24.5 billion, a 71% jump from 2019, exceeding previous estimations of USD 20 billion.

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