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About

36Kr (EN)

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

China Tech

Investment

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

Beijing is backing strategic tech like drones and chips as general venture funds dry up.

China's "entrepreneurship for everyone" era ends as state sets agenda | KrASIA

Home

China&#8217;s &#8220;entrepreneurship for everyone&#8221; era ends as state sets agenda

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

KrASIA

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

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Content

Creative

Creator Economy

Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. 

Entertainment

With Xiaohongshu-inspired design and TikTok’s global pull, Lemon8 is gaining traction abroad.

ByteDance’s Lemon8 borrows from Xiaohongshu, but can it keep users hooked? | KrASIA

ByteDance’s Lemon8 borrows from Xiaohongshu, but can it keep users hooked?

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

Electric Vehicles

Mobility

As competition intensifies, Porsche is betting on intelligent features to revive its lagging sales in China.

Porsche ramps up R&D in China to reclaim its edge amid slowing sales | KrASIA

Porsche ramps up R&#038;D in China to reclaim its edge amid slowing sales

KrASIA | News Archives

A peek into the booming tech ecosystem of Southeast Asia.

SEA Tech

Smartphones

Indonesia

Smartphone sales in the country grew throughout the year and topped in the fourth quarter of 2020, with 20% sold online, said Counterpoint, which was analyzing shipment data. Lazada was the leading e-commerce site, followed by Shopee. “Blibli, Akulaku, Bukalapak, and JD.id made up a smaller proportion,” explained senior analyst Glen Cardoza.

Indonesian smartphone sales grew in 2020 amid the pandemic, reports say | KrASIA

Indonesian smartphone sales grew in 2020 amid the pandemic, reports say

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Khamila Mulia

Live Streaming

With the spread of Internet global accessing (fastest Internet broadband connection TCP with accumulator cables and semi-fast connection), Short Video services have become very popular online. 

Short Video

India

Singapore

Guangzhou-based Joyy (NASDAQ: YY) on Friday reported RMB 3.78 billion (USD 579.9 million) in revenue for the final quarter of 2020, up 77.5% year-on-year (YoY), excluding YY Live, which was sold to Baidu.Proceeds from its livestreaming business increased by 93.3% YoY to RMB 3.59 million, accounting for nearly 95% of the company's entire revenue. The upswing came thanks to continued user base growth and enhanced monetization capabilities of Bigo Live, the livestreaming app, and short-video app Likee, a direct competitor of ByteDance’s TikTok.

Livestreaming boosts user growth and revenue at Joyy | KrASIA

Livestreaming boosts user growth and revenue at Joyy

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Song Jingli

Evergrande NEV's loss in 2020: USD 1.2 billion

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 | KrASIA

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

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Julianna Wu

Traveloka

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

Read stories of Travel service providers, platforms or the trending of the travel industry.

Travel

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 | KrASIA

Traveloka joins Siam Commercial Bank to create fintech products in Thailand

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

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 | KrASIA

Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down

An e-commerce payment system facilitates the acceptance of electronic payment for online transactions. Read stories of Payment service providers, platforms or the trending of the Payment industry.

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 | KrASIA

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

Japan, Korea, and the West

Tesla

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 | KrASIA

Elon Musk: You can now buy a Tesla with bitcoin

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Vulcan Post

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

India Tech

Sequoia 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 | KrASIA

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

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

Alibaba

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

News

Indonesian smartphone sales grew in 2020 amid the pandemic, reports say

Livestreaming boosts user growth and revenue at Joyy

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

Traveloka joins Siam Commercial Bank to create fintech products in Thailand

Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down

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

Elon Musk: You can now buy a Tesla with bitcoin

Sequoia Capital India closes second seed fund at USD 195 million

Tencent vows to embrace open platform amid antitrust crackdown

Most Recent

China’s “entrepreneurship for everyone” era ends as state sets agenda

ByteDance’s Lemon8 borrows from Xiaohongshu, but can it keep users hooked?

Porsche ramps up R&D in China to reclaim its edge amid slowing sales