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China will launch virtual IDs for internet use on July 15, shifting user verification from tech firms to state-run systems. Citizens can voluntarily s…

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

China

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

East Asia

Luckin Coffee provides app-based ordering, convenient pickup, and a broad beverage menu, reshaping China’s coffee consumption patterns.

Luckin Coffee

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

Five years after a financial scandal, China’s leading coffee chain is testing its footing in Starbucks’ home market.

Luckin Coffee tests the waters in the US with two New York stores

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 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.

Chinese companies are moving fast to claim ground in the US lawn care market, where robotic mower adoption remains low.

US lawns are the next big play for China’s robotic mower brands

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.

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

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

Deals in brief: Monit raises USD 2.5 million, GreenTeams and AI Hay land Series A rounds, latest China funding 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.

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China will launch virtual IDs for internet use on July 15, shifting user verification from tech firms to state-run systems. Citizens can voluntarily submit facial scans and personal data to access online services. Analysts say the move could reshape China’s AI development and digital economy.

Chinese <a href="/industry/ai">AI</a> firm <a href="/company/deepseek">DeepSeek</a> has resumed hiring on LinkedIn after months of inactivity, posting ten job listings for positions in Hangzhou and Beijing. The move may indicate a bid to attract overseas talent as global competition for AI engineers intensifies.

<a href="/company/byd">BYD</a> is closing in on Honda and Mitsubishi in Southeast Asia, selling over 11,000 vehicles in April across Indonesia, Malaysia, Thailand, and the Philippines. Backed by price competitiveness, local infrastructure growth, and new factories, the Chinese <a href="/industry/ev">EV</a> maker has also surpassed Mazda and Nissan in regional sales.

<a href="/company/xiaomi">Xiaomi</a> won’t consider exporting its <a href="/industry/ev">EVs</a> before 2027, CEO Lei Jun said in a live stream, citing strong demand for the SU7 and YU7 in China. The YU7 SUV triggered long wait times just days after launch, prompting backlash from buyers as the company works to scale production.

Indonesia plans to impose a 0.5% sales tax on <a href="/industry/e-commerce">e-commerce</a> sellers with annual revenue between IDR 500 million and IDR 4.8 billion to balance competition with offline merchants. <a href="/company/shopee">Shopee</a>, <a href="/company/tiktok-shop">TikTok Shop</a>, and the local e-commerce association have called for a gradual rollout and urged the government to provide support to ease the transition.

TikTok has initiated a third round of layoffs at the US unit of TikTok Shop as it restructures following missed sales targets. The company is also shifting management roles to <a href="/company/bytedance">ByteDance</a>-linked staff in China while facing a looming US divestment deadline.

WeRide has secured a permit to test its autonomous Robovan W5 in Huangpu, Guangzhou, marking its second approval in the city and making it the first company authorized for such trials in the district. The Level 4 delivery vehicle is designed for urban logistics, featuring modular cargo space and full-sensor safety systems.

<a href="/company/honor">Honor</a> has launched the Magic V5, a foldable phone measuring 8.8 millimeters when folded, making it one of the slimmest models to date. Debuting just ahead of Samsung’s Z Fold 7, the device features a 7.95-inch display, Snapdragon 8 Elite chip, and up to one terabyte of storage, with sales starting in China at RMB 8,999.

China’s Skyworth Group will acquire part of Funai Electric’s TV business, including its North American operations under the Philips brand, as Funai undergoes bankruptcy proceedings. Skyworth also plans to absorb Funai’s repair staff in Japan to support local expansion.

<p data-start="919" data-end="1242">JD Logistics has unveiled an autonomous electric van it says is designed to support Level 4 self-driving and offers 24 cubic meters of cargo space. Introduced at a transport expo on July 2, the new vehicle, along with expanded robot and drone fleets, marks JD’s latest push to scale smart logistics across China.</p>

Pop Mart’s Labubu IP has sparked resale hype in China, with reports of prices reaching RMB 7,800. A media probe found actual secondhand prices to be far lower. As demand surges, regulators in Hebei and Yiwu are cracking down on counterfeits, underscoring the risks of IP-driven retail.

What shapes modern healthcare and agriculture? Examine biotech startups, gene editing, and drug discovery unlocking biological potential.

Biotechnology

Hong Kong

The Hong Kong-listed firm is advancing its pipeline using an mRNA system it says can compete with the industry’s best.

Everest Medicines targets global expansion with proprietary, AI-driven mRNA platform

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T. K. Lin

BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

Electric 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

Latin America

BYD is leading a wave of early EV exports into Brazil ahead of July tax hikes, but long-term success will likely hinge on more.

Chinese automakers rush to beat Brazil’s EV tariffs, but the real race is just starting

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How do ideas shape industries? Learn how content, design, and digital artistry influence branding, marketing, and cultural impact.

Creative

How does interactive entertainment evolve? Assess gaming ecosystems, esports growth, and technology enhancing virtual play.

Gaming

With over 660,000 copies sold and viral traction on Xiaohongshu and Bilibili, Sultan’s Game shows that great gameplay still goes the distance.

China rolls out virtual IDs for internet use

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