Alibaba

Baidu

ByteDance

Meituan

Pinduoduo

Tencent

Most Followed

KrASIA Connection

China's Auto Sector

Earnings Reports

Inside China's Startups

Venture Roundup

Our Events

View All

Collections

News

Features

Insights

Ecosystem

DeepSeek

Kuaishou

Li Auto

Xiaohongshu

Xiaomi

Xpeng

On the Radar

BYD topped Tesla in European sales for April 2025, recording 11,123 units sold across 14 markets including Spain, Italy, France, the UK, and Germany. …

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

What guides machine-led insights? Uncover AI applications, language models, and decision-making systems transforming sectors worldwide.

Artificial Intelligence

What lies beyond familiar frontiers? Investigate emerging tech—like quantum computing and AI—transforming traditional sectors.

Deep Tech

How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

China

Mech-Mind’s plug-and-play vision platform is powering tasks from bin picking to inspection across more than 50 countries.

This Chinese robotics firm is making factory AI modular, global—and scalable

Decoding China&#039;s tech and business pulse

KrASIA

CHENG Zi is based in China, covering technology and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

Cheng Zi

What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

Consumer Economy

How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

Retail

Europe

The UK grocer is testing a hybrid “Iceland Lab” concept to see if its icy staples can stand out in a hotly competitive market.

Can Iceland crack China’s frozen food market?

36Kr is China's most influential business and technology network, delivering high-quality content focused on China’s innovation and new economy trends since 2010. With its extensive traffic and network, 36Kr has built a comprehensive database and strong data analytics capabilities to provide insights into China’s technology landscape.

36Kr English

How do markets shape wealth creation? Study portfolio diversification, asset classes, and strategies balancing growth and risk.

Investment

When do companies invite public investment? Understand listing criteria, underwriter roles, and regulatory steps defining initial offerings.

Why do firms join forces? Investigate synergy goals, valuation methods, and negotiations driving corporate consolidation.

Merger &amp; Acquisition

What happens after acquisitions close? Examine deal structures, operational improvements, and exit strategies molding corporate outcomes.

Private Equity

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

Venture Capital

Singapore

Southeast Asia

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

Deals in brief: Wavemaker Impact leads Arysun’s pre-seed round, Nuevocor raises USD 45 million, latest funding deals in China, and more

An alias used when humans and machines team up in our newsroom. Articles under this byline may be shaped with the help of AI, but are always vetted by a human before publication.

Sudo Lim

KrASIA tracks China’s tech and business stories—alongside key developments across the broader Asia Pacific region.

Header Section | KrASIA

Home

Sections

Header Section

<a href="/company/byd">BYD</a> topped <a href="/company/tesla">Tesla</a> in European sales for April 2025, recording 11,123 units sold across 14 markets including Spain, Italy, France, the UK, and Germany. In comparison, Tesla sold 6,253 units. BYD’s market share surged in the UK with a 654% YoY increase, and it captured 10% of Italy’s market with 5,646 units sold from January to April.

Chinese firms in the US cite US-China tensions as their top business risk, with 90% reporting material impact, a recent survey shows. Amid rising regulatory barriers and anti-China sentiment, cited by 73% and 67% respectively, companies are turning to localization and third-market pivots. Further expansion depends on US political stability, the report says.

Neta Auto and Toyota have both denied rumors of a takeover, even as court filings show a creditor has initiated a bankruptcy review of Neta’s parent company, Hozon. Despite a proposed RMB 4.5 billion funding round and a debt-to-equity deal with suppliers, key financing has yet to materialize, deepening the EV maker’s financial crisis.

<a href="/company/alibaba">Alibaba</a> has released Wan2.1-VACE under its Tongyi Wanxiang model family, providing an all-in-one model for text-to-video, image-based video synthesis, and localized editing. The open-source release includes both lightweight and large-scale versions, enabling use across industries such as film, marketing, and short-form content production.

China and the EU concluded two days of financial talks in Brussels, pledging deeper cooperation on market access, cross-border payments, data flows, and sustainable finance. Officials agreed to formalize regular dialogue and build on the working group's momentum since 2024, as both sides seek greater financial stability and innovation amid global uncertainty.

<a href="http://kormee.com/en/">Ruili Kormee</a>, a Chinese vehicle safety systems maker, has cleared its listing application as it seeks to fund R&amp;D and a new headquarters in Guangdong. The company is moving forward with its IPO following strong growth in brake electronics, reporting nearly RMB 2 billion in 2024 revenue and RMB 257 million in profit with a 29.7% gross margin. It aims to raise RMB 1.5 billion from the offering.

China sold over 11 million <a href="/industry/ev">EVs</a> in 2024, accounting for 60% of global sales and producing 70% of the world’s total. It also emerged as the top EV exporter, responsible for 40% of global exports, with Chinese brands expanding aggressively into emerging markets such as Brazil and Thailand.

Thailand’s Muu has raised new backing from A2D Ventures and Japanese partners to scale its precision fermentation tech for animal-free dairy. The startup reportedly produces milk proteins without cows, using 90% fewer resources, and aims to supply sustainable, lactose-free ingredients to Asia’s dairy alternatives market.

Zhipu AI is leveraging the Belt and Road Initiative (BRI) to expand globally, pitching sovereign AI agents to governments and setting up innovation centers in Asia. The firm, planning an IPO in October, faces rising competition as <a href="/company/openai">OpenAI</a> eyes its own international data center footprint.

Chinese exporters are seeing a surge in demand on <a href="/company/alibaba">Alibaba’s</a> international platform after the US cut tariffs on certain goods to 30%, with some US buyers already stocking up for Christmas. Alibaba launched a flash sale to support sellers, as analysts predict a sharp export uptick during the 90-day tariff reprieve.

Pony.ai, which raised USD 413 million in a US IPO, is now planning a Hong Kong listing to fuel further expansion. The company operates 250 robotaxis and is developing mass production models with Toyota, GAC, and BAIC. Revenue hit USD 75 million in 2024, but it remains unprofitable.

How is healthcare going digital? Investigate telemedicine, wearable sensors, and data-driven platforms improving patient experiences.

Health Tech

With real-time radar tracking and predictive AI, Tsingray lets families care from afar without wearables, cameras, or compromise.

How radar sensors—and a son’s worry—sparked a smarter eldercare system

https://secure.gravatar.com/avatar/a6b9ace74da9df391d5f7ba1892f4393?s=96&d=blank&r=g

How do goods cross borders seamlessly? Examine warehousing tech, route optimization, and data analytics building efficient supply chains.

Logistics

How do platforms deliver on immediacy? Analyze ride-hailing, instant deliveries, and gig models meeting consumer needs fast.

On-demand Services

Bookings sink as US importers halt orders, raising fears of empty store shelves.

Trump's China tariffs spark shipping disruptions comparable to Covid-19

Trump&#8217;s China tariffs spark shipping disruptions comparable to Covid-19

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

https://secure.gravatar.com/avatar/aec5e55596415464d13490d0e0caa9a2?s=96&d=blank&r=g

Nikkei Asia

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

Alibaba Cloud powers scalable cloud computing, data analytics, and cybersecurity solutions, supporting businesses’ digital transformation worldwide.

Alibaba Cloud

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

Explore East Asia’s thriving tech hubs, global electronics producers, and fast-evolving digital platforms shaping cross-border innovation.

East Asia

From learning tools to ad engines, teams prototyped AI applications aimed at solving practical challenges across industries.

AI in action: Inside the innovations from Alibaba Cloud’s Singapore hackathon

https://secure.gravatar.com/avatar/a1c02e0609a846ab19ab44182633a8d5?s=96&d=blank&r=g

BYD outsells Tesla in Europe in April

Latest Pulses

Most Recent

How radar sensors—and a son’s worry—sparked a smarter eldercare system

Trump’s China tariffs spark shipping disruptions comparable to Covid-19

AI in action: Inside the innovations from Alibaba Cloud’s Singapore hackathon