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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

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Indonesia

Social commerce startup KitaBeli on Wednesday said that it has closed a USD 10 million Series A funding round led by Go-Ventures. Its seed-round investors AC Ventures and East Ventures also participated again.KitaBeli's mobile app allows users to share product price information with their social circle, and build teams to purchase desired items at competitive prices, similar to Chinese commerce giant Pinduoduo. Over time, the platform aims to connect suppliers and farmers to tens of millions of consumers in lower-tier cities across Indonesia.

KitaBeli bags new funding for its fast-growing social commerce app | KrASIA

KitaBeli bags new funding for its fast-growing social commerce app

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Ursula Florene

The game industry is the economic sector involved in the development, marketing, and monetization of games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.

Gaming

China's two leading game livestreaming platforms Huya (NYSE:HUYA) and Douyu (NASDAQ: DOYU), which are set to merge in a Tencent-orchestrated deal later this year, both reported financial results for the fourth quarter and full year of 2020 on Tuesday.Guangzhou-based Huya generated RMB 2.99 billion (USD 458.3 million) in total revenues for the December quarter, up 21.2% year-on-year (YoY), but shy of market expectations which forecasted USD 471.7 million in quarterly sales. Meanwhile, Douyu's fourth-quarter revenue totaled RMB 2.27 billion (USD 347.8 million) which exceeded market expectations.

China's top game-streaming platforms await regulatory approval on Tencent-backed merger | KrASIA

China&#8217;s top game-streaming platforms await regulatory approval on Tencent-backed merger

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AJ Cortese

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

India Tech

Fashion

India

Online beauty marketplace Purplle has raised USD 45 million from Sequoia Capital and existing investors including Belgian investment firm Verlinvest and Indian venture capital companies Blume Ventures and JSW Ventures.

Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding | KrASIA

Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding

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

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Moulishree Srivastava

MENA

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

Group 11, the venture capital fund headed by American-Israeli investor Dovi Frances, has announced it has secured over USD 120 million in the first closing for the firm’s fifth fintech fund in just 90 days.The firm announced just three months ago it had intended to raise USD 100 million for the fund.Group 11 says its fifth fund will invest primarily in Silicon Valley-based fintech companies, many of them with Israeli founding teams and R&D centers.

Dovi Frances' Group 11 secures more than USD 120 million for fifth fintech fund | KrASIA

Dovi Frances&#8217; Group 11 secures more than USD 120 million for fifth fintech fund

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NoCamels

Live Streaming

Asia Vision Network (AVN), the parent company of Indonesia-based video-streaming platform Vision+, will list on Nasdaq after merging with the Southeast Asia-focused blank-check company Malacca Straits Acquisition (MSA).AVN and MSA announced that they have signed a business combination agreement that values the combined company at USD 573 million. The transaction is expected to close in late Q2 or early Q3 2021.

‘Netflix of Indonesia’ merges with SPAC to list on US exchange | KrASIA

‘Netflix of Indonesia’ merges with SPAC to list on US exchange

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Tech in Asia

Investors

VC firm Openspace Ventures earlier this month announced the closure of its third managed fund, raising USD 200 million, which brings the total capital under management to USD 425 million. Openspace director Ian Sikora told DailySocial that Indonesia is an important market, where they will continue to develop their presence.

Openspace Ventures targets Southeast Asia with its third fund | KrASIA

Openspace Ventures targets Southeast Asia with its third fund

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Daily Social

Douyin

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

Chinese short video giant ByteDance—via its gaming unit Nuverse—is acquiring the Shanghai-based mobile game developer Moonton, further encroaching onto Tencent's territory.

ByteDance buys game developer Moonton to take on Tencent | KrASIA

ByteDance buys game developer Moonton to take on Tencent

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Song Jingli

Music

Tencent Music Entertainment (NYSE: TME) said on Monday that the company gained RMB 8.34 billion (USD 1.28 billion) in revenue in the fourth quarter of last year, up 14.3% year-on-year (YoY), and generated RMB 1.2 billion in net profits, up 15.4% YoY.

Tencent Music reports strong profits as users decline | KrASIA

Tencent Music reports strong profits as users decline

JD.com, Inc., also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.

Grocery Delivery

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

E-commerce giant JD.com (NASDAQ: JD) and its on-demand delivery affiliate Dada Group (NASDAQ: DADA) on Monday released a joint announcement, indicating that JD has agreed to buy USD 800 million worth of ordinary shares from Dada, increasing its holding to 51% after the transaction.

KEY STAT | JD.com increases stake in logistics affiliate Dada | KrASIA

KEY STAT | JD.com increases stake in logistics affiliate Dada

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News

KitaBeli bags new funding for its fast-growing social commerce app

China’s top game-streaming platforms await regulatory approval on Tencent-backed merger

Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding

Dovi Frances’ Group 11 secures more than USD 120 million for fifth fintech fund

‘Netflix of Indonesia’ merges with SPAC to list on US exchange

Openspace Ventures targets Southeast Asia with its third fund

ByteDance buys game developer Moonton to take on Tencent

Tencent Music reports strong profits as users decline

KEY STAT | JD.com increases stake in logistics affiliate Dada

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