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

Pangdonglai reported RMB 11.7 billion in revenue for H1 2025, with supermarket sales accounting for over half. The group’s net profit estimate has ris…

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

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.

Private Equity

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

Venture Capital

Indonesia

Singapore

Southeast Asia

Vietnam

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.

Header Section | KrASIA

Home

Sections

Header Section

Pangdonglai reported RMB 11.7 billion in revenue for H1 2025, with supermarket sales accounting for over half. The group’s net profit estimate has risen to RMB 1.5 billion as of mid-June, well above the RMB 1 billion target set earlier this year.

<a href="/company/geely">Geely</a> will debut in Italy in Q4 with the all-electric EX5 and a plug-in hybrid SUV, partnering with Jameel Motors to expand its European footprint. While pure <a href="/industry/ev">EVs</a> made up just 6% of Italy’s vehicle market in June, adoption is climbing, according to 2024 sales figures.

&nbsp;

Apple’s iPhone sales in China are expected to slow in the second half of 2025 amid muted iPhone 17 upgrades, weak consumer demand, and rising competition from Huawei, according to Counterpoint Research. This follows an 8% YoY rise in Q2, driven by discounts and subsidy-backed promotions.

France’s antitrust agency has fined <a href="/company/shein">Shein</a> EUR 40 million for misleading discount practices, finding that 57% of advertised deals on its French site between October 2022 and August 2023 misled consumers. Shein accepted the penalty and said the issues were resolved in 2023.

<a href="/company/jd">JD.com</a> and <a href="/company/ant-group">Ant Group</a> are urging China’s central bank to approve stablecoins pegged to the offshore yuan, proposing a Hong Kong pilot to support yuan internationalization and counter US dollar dominance in digital trade. Both firms are already planning Hong Kong dollar-backed tokens under new local rules taking effect on August 1.

BetterYeah AI, a Hangzhou-based startup founded by former DingTalk executives, has raised over RMB 100 million in a funding round led by <a href="/company/alibaba">Alibaba Cloud</a>. Specializing in enterprise <a href="/industry/ai">AI</a> agents, the firm said it serves nearly 100,000 teams and will launch a new agent platform this quarter.

Sega is expanding in Asia to reduce reliance on Japan, partnering with regional firms such as Longtu Game in China. Mobile games now make up more than half of its business, following its 2023 acquisition of Angry Birds maker Rovio. President Shuji Utsumi said the company aims to balance development across console, PC, and mobile.

<a href="/company/bytedance">ByteDance</a> has launched Tanfan, an <a href="/industry/ai">AI</a> assistant on Douyin that recommends restaurants, summarizes reviews, and supports in-app bookings. Powered by the Doubao LLM, Tanfan had 35,000 users as of July 2, as Douyin deepens its push into local dining services.

Centaur, a new <a href="/industry/ai">AI</a> model built on Meta’s Llama, mimics human behavior across tasks such as memory, gambling, and reasoning. Fine-tuned on ten million decisions from 160 psychology experiments, it outperforms classical models and could enable researchers to study human cognition without live testing.

China’s aviation regulator will ban uncertified lithium power banks from domestic flights starting July 6, citing fire risks and recent product recalls. Devices without 3C safety certification or linked to overheating incidents are barred from both carry-on and checked baggage. The rule does not apply to international flights or trains.

<a href="/company/huawei">Huawei</a> will open-source its Cangjie programming language on July 30, aiming to expand developer access and reduce dependence on foreign tech. Built for HarmonyOS Next, Cangjie supports <a href="/industry/ai">AI</a>, cross-platform apps, and has already been adopted by firms like <a href="/company/meituan">Meituan</a> and <a href="/company/jd">JD.com</a>.

Baidu leads Chinese search engines, voice assistants, autonomous driving research, and AI platforms connecting users with information and services.

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

Artificial Intelligence

Its new search interface is part chatbot, part creative tool, and part concierge, but whether users will embrace it at scale remains an open question.

Baidu reimagines search as the race to build the first AI superapp continues

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

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

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

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.

Pangdonglai lifts 2025 profit forecast

Latest Pulses

Most Recent

Baidu reimagines search as the race to build the first AI superapp continues

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

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