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36Kr (EN)

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

China Tech

Cotti Coffee

Luckin Coffee

MENA

Coffee

Middle East

Nowwa follows Cotti in expanding to the Middle East, targeting growth in an untapped market for Chinese coffee brands.

Chinese coffee brands set sights on Middle East as next big market | KrASIA

Home

Chinese coffee brands set sights on Middle East as next big market

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

KrASIA

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

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

Indonesia

Philippines

Singapore

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

Deals in brief: Insider raises USD 500 million, UOB FinLab funds ASEAN green tech pilots, six China deals, and more | KrASIA

Deals in brief: Insider raises USD 500 million, UOB FinLab funds ASEAN green tech pilots, six China deals, and more

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KrASIA Writers

In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans and animals.

Deep Tech

MiniMax’s Talkie app defies AI market skeptics with USD 70 million in projected revenue, but can it replicate its success?

Talkie’s global traction puts MiniMax in AI’s top tier, but risks loom | KrASIA

Talkie’s global traction puts MiniMax in AI’s top tier, but risks loom

KrASIA | News Archives

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

Tiktok

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

Entertainment

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

The gaming segment now has over 2,000 staffers in the three main brands Nuverse, Ohayoo, and Pixmain.

ByteDance bets big on games with new Nuverse website | KrASIA

ByteDance bets big on games with new Nuverse website

Wency Chen is a reporter KrASIA based in Beijing, covering tech innovations in&amp;beyond the Greater China Area. Previously, she studied at Columbia Journalism School and reported on art exhibits, New York public school systems, LGBTQ+ rights, and Asian immigrants. She is also an enthusiastic reader, a diehard fan of indie rock and spicy hot pot, as well as a to-be filmmaker (Let’s see). Follow her on Twitter: @ChenWQ45 Tips go to: wency@kr-asia.com

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Wency Chen

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

Enterprise Services

Black Lake counts Xiaomi, Sinopec, Tesla, and L'Oréal among its clients. Shanghai-based Software-as-a-Service (SaaS) vendor Black Lake has closed a RMB 77.4 million (USD 500 million) Series C round led by Temasek and joined by Huaxing Growth Capital, Lightspeed China Partners, GSR Ventures, Bertelsmann Asia Investments (BAI Capital), GGV Capital, and ZhenFund, according to a post on the startup's official WeChat account on Monday.

Temasek leads Black Lake investment in China's thriving manufacturing software sector | KrASIA

Temasek leads Black Lake investment in China&#8217;s thriving manufacturing software sector

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Song Jingli

Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

The battery-sharing market is expected to increase 70.2% this year to exceed USD 2.25 billion. Shanghai-based Energy Monster is reportedly eyeing a US public listing that could raise as much as USD 300 million, becoming the first stock in the battery-sharing business, according to 36Kr.

KEY STAT | SoftBank-backed power bank rental firm Energy Monster plans US IPO | KrASIA

KEY STAT | SoftBank-backed power bank rental firm Energy Monster plans US IPO

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Julianna Wu

Dream11

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

India Tech

India

This round will value Dream11 at around USD 4 billion. India's largest online fantasy sports company Dream11 might see a 60% jump in its valuation with the secondary share sale that will give an exit to China’s Tencent Holdings, India’s Kalaari Capital, and Multiples Alternate Asset Management.

Tencent to exit India's fantasy sports company Dream11 in the secondary share sale | KrASIA

Tencent to exit India&#8217;s fantasy sports company Dream11 in the secondary share sale

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

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

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

WeChat is a Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. It was first released in 2011, and by 2018 it was one of the world's largest standalone mobile apps by monthly active users, with over 1 billion monthly active users.

Wechat

Digital Banks

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

E-Commerce

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

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

Tencent's WeBank also joins the six state-owned banks in the pilot. Ant Group-backed MYbank and Tencent-backed WeBank will be the first two digital banks to join China's central bank's push in issuing electronic forms of its fiat currency, Bloomberg reported on Monday, echoing previous reports from Chinese media.

China enlists Ant-backed MYbank in expanding digital yuan trial | KrASIA

China enlists Ant-backed MYbank in expanding digital yuan trial

A peek into the booming tech ecosystem of Southeast Asia.

SEA Tech

Wise processes USD 6.3 billion in cross-border transactions every month. Global technology company TransferWise announced on Monday that it has undergone a rebranding, in which it is renamed to Wise. Launched in 2011, Wise started out as a money transfer service for consumers, and has since expanded to build a cross-border payments network that aims to make international banking cheaper, faster and seamless.

TransferWise rebrands as Wise, to hire over 70 new staff in Singapore | KrASIA

TransferWise rebrands as Wise, to hire over 70 new staff in Singapore

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Vulcan Post

Lending

The regulator intends to bring down the leverage ratio of Chinese fintech companies. China's Banking and Insurance Regulatory Commission (CBIRC) has set new quantitative requirements for commercial banks that grant online loans in a move to boost the healthy development of the sector.

China issues new online loan rules to lower financial risk | KrASIA

China issues new online loan rules to lower financial risk

Eduardo Saverin will serve as special advisor. B Capital Technology Opportunities, a blank-check company formed by investment firm B Capital Group, has filed for an IPO to raise USD 300 million on Nasdaq, according to a filing with the US Securities and Exchange Commission (SEC). It plans to offer 30 million units at USD 10 apiece.

Facebook co-founder’s firm looks to raise USD 300 million in US IPO via SPAC | KrASIA

Facebook co-founder’s firm looks to raise USD 300 million in US IPO via SPAC

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Tech in Asia

Social Impact

Myanmar

Myanmar's governmental web portals often have scant security measures in place. An activist group that advocates for information transparency released a stash of documents, revealing the corporate ownership of around 120,000 registered companies in Myanmar on Saturday.