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

Xiaomi has entered the smart eyewear race with its first AI glasses, launched on June 26. The 40-gram device features voice controls, real-time transl…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

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

IPO filings, shutdowns, and a deepening price war signal the start of a high-stakes consolidation phase in outdoor robotics.

Boom, bust, and breakout: China’s lawn robot race hits a tipping point

Decoding China&#039;s tech and business pulse

KrASIA

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

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

Coffee

With over 150 stores and renewed profitability, boutique coffee chain Algebraist Coffee is staying selective and staying in the game.

Profit over pace: Algebraist Coffee finds footing after China’s coffee shakeout

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

India

Malaysia

Singapore

Southeast Asia

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

Deals in brief: Shiok Burger and 3cat raise funding, Timah Partners gets USD 50 million to tackle SME succession, latest China deals 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/xiaomi">Xiaomi</a> has entered the smart eyewear race with its first <a href="/industry/ai">AI</a> glasses, launched on June 26. The 40-gram device features voice controls, real-time translation, multimedia capture, and app integration. Powered by a Snapdragon AR1 chip, it supports smart home functions, with QR payments to be added. Prices range from RMB 1,999–2,999 across three variants.

Seoul has asked <a href="/company/temu">Temu</a> and AliExpress to suspend sales of 11 children’s products that breached safety limits, including umbrellas and rain gear with toxic chemical levels hundreds of times above legal thresholds. Though non-binding, the request follows growing scrutiny of product safety on global <a href="/industry/e-commerce">e-commerce</a> platforms.

China’s industrial profits fell 9.1% YoY in May, the steepest monthly drop since October 2023, amid weak demand and lower prices. Cumulative profits for major firms declined 1.1% YoY in January-May, with mining down 29%. Analysts expect limited new stimulus, as GDP growth continues to exceed Beijing’s 5% target.

The US and China have reached a framework deal to restart rare earth shipments, a White House official confirmed. The move follows export curbs imposed by China during the trade conflict, which disrupted supply chains in key sectors including defense and semiconductors. The accord stems from earlier Geneva talks and aims to ease ongoing tensions.

<a href="/company/pony-ai">Pony.ai</a> is in early talks to sell its US subsidiary to Travis Kalanick, who may lead the unit while remaining at CloudKitchens if a deal is reached. Uber is reportedly considering funding support. The Delaware-based entity currently has no revenue but holds testing permits and an R&amp;D presence.

Meta is in advanced talks to acquire PlayAI, a startup specializing in AI-driven voice replication, to enhance its assistant and hardware offerings. The deal would add talent and technology to Meta’s “superintelligence” push, as it races rivals like Google and <a href="/company/openai">OpenAI</a> in the <a href="/industry/ai">AI</a> arms race.

ASML has launched a lithography-themed science contest in China to identify local engineering talent, offering job interviews to top scorers. The initiative reinforces the Dutch chipmaker’s ties to the market, even as export controls tighten. China was ASML’s largest market in 2024, contributing 36.1% of total sales.

Hong Kong has released an updated digital asset policy under the LEAP framework, outlining legal reforms, stablecoin support, and plans to regularly issue tokenized versions of government bonds. The move aims to better integrate digital finance with the real economy and reinforce the city’s innovation role ahead of new legislation taking effect in August.

<a href="/company/alibaba">Alibaba</a> cut nine members from its partnership in fiscal 2025, shrinking the group to 17 amid a broader leadership reshuffle. Founders Peng Lei and Dai Shan were among those who retired. The remaining partners now consist mainly of core business heads and tech leads, signaling a shift toward operational focus.

<a href="/company/xpeng">Xpeng Motors</a> has launched its X9 MPV in Indonesia at a starting price of IDR 990 million, with local production slated to begin in July. The plant marks Xpeng’s first overseas manufacturing base as it targets Southeast Asia’s largest automotive market.

Anjoy Foods, China’s leading frozen hotpot supplier, plans to raise up to HKD 2.64 billion in a Hong Kong listing on July 4. The proceeds will fund expansion in Southeast Asia and Europe, where demand for Chinese cuisine is growing. The company reportedly holds a 6.2% share of the mainland market and reported RMB 15.1 billion in revenue last year.

How are driverless systems redefining mobility? Uncover sensor technologies, regulatory frameworks, and AI driving cars without human intervention.

Autonomous Vehicles

How is the way we move evolving? Explore developments in autonomous transportation, electric vehicles, and more efficient urban transit.

Mobility

How do goods and people flow worldwide? Examine transport networks, logistics innovations, and policies shaping global connectivity.

Transportation

Baidu, Waymo, and others eye overseas markets as political tensions run high.

Taking the wheel: US and China jockey for robotaxi leadership

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

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

Xiaomi crafts affordable smartphones, wearables, and IoT devices, appealing to users who seek innovation, quality, and budget-friendly tech.

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

Artificial Intelligence

Xiaomi’s first smart glasses focus on day-to-day utility while staying comfortably wearable.

Xiaomi steps into smart eyewear with voice-enabled glasses built for everyday use

https://secure.gravatar.com/avatar/cd0d29f7b9fd019c7c0d49a09a1ec8b1?s=96&d=blank&r=g

T. K. Lin

Cotti Coffee, founded by Luckin Coffee's original team, is a coffee chain known for its aggressive expansion, affordable pricing, and global ambitions.

Cotti Coffee

The Chinese coffee chain plans to deploy 1,100 regional managers as it works to shore up its low-cost, franchise-driven model.

After racing to 15,000 stores, Cotti Coffee gets serious about quality control

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

Xiaomi launches AI smart glasses in China

Latest Pulses

Most Recent

Taking the wheel: US and China jockey for robotaxi leadership

Xiaomi steps into smart eyewear with voice-enabled glasses built for everyday use

After racing to 15,000 stores, Cotti Coffee gets serious about quality control