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About

36Kr (EN)

Angel Investing

Investment

Merger &amp; Acquisition

Private Equity

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

Singapore

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Deals in brief: 81Ravens raises funding, Honor secures investment ahead of IPO, five other China deals, and more | KrASIA

Home

Deals in brief: 81Ravens raises funding, Honor secures investment ahead of IPO, five other China deals, and more

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

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KrASIA Writers

Retail

MENA

Gracer’s success underscores Chinese used clothing as an economic mainstay across Africa’s markets.

From Guangzhou to Nairobi: Chinese secondhand apparel finds booming demand in Africa | KrASIA

From Guangzhou to Nairobi: Chinese secondhand apparel finds booming demand in Africa

36Kr is China's most influential business and technology network. Since 2010, 36Kr has been providing high-quality content around China’s innovation and new economy trends. With the traffic and network it has built, 36Kr has developed a comprehensive database and strong data analytics capabilities of the technology landscape in China.

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36Kr English

Bringing together the latest business insights and trends of China's tech ecosystem.

China Tech

Biotech

Deep Tech

A Hong Kong listing rarely boosts Chinese firms’ valuations, but Hengrui Pharmaceuticals might still take the plunge.

Hengrui weighs Hong Kong IPO to drive the next phase of global expansion | KrASIA

Hengrui weighs Hong Kong IPO to drive the next phase of global expansion

KrASIA | News Archives

GrabTaxi Holdings Pte. Ltd. is a transportation network company based in Singapore. In addition to transportation, the company offers food delivery services via mobile app. It operates in the Southeast Asian countries of Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia. 

Grab

A peek into the booming tech ecosystem of Southeast Asia.

SEA Tech

Grab announced today that it will undergo a SPAC merger with Altimeter Growth Corporation (NASDAQ: AGC) that will place a USD 39.6 billion valuation on the Southeast Asian company.

Grab steers into New York for world's largest SPAC merger | KrASIA

Grab steers into New York for world&#8217;s largest SPAC merger

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Ursula Florene

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

China's central bank and three other financial regulators summoned Ant Group on Monday, demanding the company to correct "serious problems" in its business and improve its competitiveness, months after its USD 34.4 billion IPO was suspended in November.

China's Ant Group forced to rectify and make sweeping changes under pressure from regulators | KrASIA

China&#8217;s Ant Group forced to rectify and make sweeping changes under pressure from regulators

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Song Jingli

700 people working for DJI's car-related business unit

Drones

Electric Vehicles

Mobility

DJI is set to release a new auto-related product during the Shanghai International Automobile Industry Exhibition next week, local news media Yicai reported on Tuesday. In the launch poster, a silhouette of an automobile appears below the brand name DJI Chezai, which can roughly be translated as "DJI vehicle-mounted," keeping the mystery alive.

KEY STAT | Drone manufacturer DJI ventures into auto sector, keeps product under wraps | KrASIA

KEY STAT | Drone manufacturer DJI ventures into auto sector, keeps product under wraps

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Julianna Wu

Sea Group

Shopee

Indonesia

ea Group's e-commerce platform Shopee is facing allegations of underpaying its Indonesian couriers, as some drivers claim that their pay per delivered package was reduced.The information was first shared on Twitter, showing a chat between a Shopee Express courier and a customer, who asked why his package had not been shipped yet. The courier explained that they were on strike as their pay for each package was cut from IDR 2,000 (USD 0.14) to IDR 1,500 (USD 0.10).

Anger boils in Indonesia as Shopee allegedly underpays its couriers | KrASIA

Anger boils in Indonesia as Shopee allegedly underpays its couriers

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer. 

Automotive Aftermarket

Autonomous Vehicles is about self-driving. A self-driving car is also known as a robot car, autonomous car, or driverless car, is a vehicle that is capable of sensing its environment and moving with little or no human input.

Autonomous Vehicles

Malaysia

Philippines

Thailand

Vietnam

Singaporean classifieds marketplace Carousell has entered into the online used car marketplace with the launch of its auto sector, which is already accounting for a third of the group’s revenue.The news comes at a time when all eyes are on Carousell, which is on the verge of becoming Southeast Asia's next unicorn after bagging a USD 80 million investment from a consortium led by South Korean tech giant Naver last September. Carousell’s co-founder and CEO Quek Siu Rui told CNBC in an interview last October that the firm is increasing its focus on becoming profitable “in the next three to four years."

Carousell jumps on the automotive e-commerce bandwagon while navigating path to profitability | KrASIA

Carousell jumps on the automotive e-commerce bandwagon while navigating path to profitability

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Stephanie Li

Pressured by the ruling Communist Party at home and the US administration abroad, Chinese startups have begun rethinking plans to go public in anticipation of further obstacles down the road.The impact is especially pronounced on the Shanghai Stock Exchange's Star market, where 88 companies, including some of China's most promising unicorns, have suspended or canceled planned initial public offerings over the first three and a half months of 2021.

88 tech startups ditch China IPOs in 2021 as headwinds mount | KrASIA

88 tech startups ditch China IPOs in 2021 as headwinds mount

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

Baidu

Guangzhou-based WeRide received approval from the California Department of Motor Vehicles on Monday to test driverless vehicles on public roads in San Jose, two and a half months after Baidu was granted a permit to do the same.

WeRide's cars to go fully driverless in California | KrASIA

WeRide&#8217;s cars to go fully driverless in California

Singapore-based accelerator venture capital firm Accelerating Asia announced the fourth cohort of its flagship 100-day program for pre-Series A startups. The 11 new portfolio companies hail from Singapore, Indonesia, Pakistan, and Bangladesh, and cover ten industries.The firm's co-founder and general partner Amra Naidoo said that for this batch, the firm received a record number of applications from 500 startups from 30 countries. "With just 2% of startups selected, the chosen 11 will be part of our largest cohort and are eligible to receive up to SGD 200,000 (USD 149,000) in investment from our VC fund," she said in a statement.

Singapore's Accelerating Asia announces fourth cohort ahead of widened regional reach | KrASIA

Singapore&#8217;s Accelerating Asia announces fourth cohort ahead of widened regional reach

Building a coherent narrative of India's rapidly changing tech ecosystem.

India Tech

India

CarTrade, a Mumbai-based marketplace of new and used cars, is ready to become a unicorn company, those with USD 1 billion-plus valuation, with the recent funding of USD 25 million from Malabar India Fund and IIFL, the regulatory documents filed by the company shows.The 12-year-old firm allotted 1,336, 310 equity shares on March 31 to Malabar and IIFL, and doubled its valuation to USD 967 million (INR 7,100 crore), a report by local media Entrackr said. Prior to this, the company had raised INR 3.2 billion in Series H from existing investors Temasek, Warburg Pincus, and March Capital Partners in June 2020, at a valuation of USD 525 million.

Temasek-backed car marketplace CarTrade inches closer to unicorn status, report says | KrASIA

Temasek-backed car marketplace CarTrade inches closer to unicorn status, report says

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

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News

Grab steers into New York for world’s largest SPAC merger

China’s Ant Group forced to rectify and make sweeping changes under pressure from regulators