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Futu’s Q2 2025 net income rose 112.7% YoY to HKD 2.57 billion on revenue of HKD 5.31 billion. Trading volume reached HKD 3.59 trillion, led by US equi…

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Anta, a Chinese sportswear brand, specializes in performance-driven design, equipping athletes and consumers with innovative sports apparel and footwear.

Anta

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

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

Creative

Where do style and commerce meet? Examine supply chains, sustainable sourcing, and digital trends influencing global fashion markets.

Fashion

South Korea

The Korean streetwear brand plans to open more than 100 stores in China by 2030 while avoiding pitfalls that have sunk other brands.

After Nerdy’s fall, Musinsa looks to Anta to navigate China’s fashion market

Decoding China&#039;s tech and business pulse

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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.

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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.

Airseekers’ struggles show why hardware startups are prone to stumbling at scale.

Robotic mower startup Airseekers stalls as production costs spiral

Grab, a Southeast Asian superapp, provides ride-hailing, food delivery, and mobile payments, connecting millions to on-demand services.

Grab

Southeast Asia’s tech ecosystem is a melting pot of startups and businesses of all sizes, all vying for rapid growth.

Southeast Asia

WeRide refines autonomous vehicle software, deploying AI-driven solutions that improve road safety, efficiency, and future-ready mobility.

WeRide

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

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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.

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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: WeRide secures Grab’s backing for robotaxis, Foxconn invests in Robocore, seven 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.

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Futu’s Q2 2025 net income rose 112.7% YoY to HKD 2.57 billion on revenue of HKD 5.31 billion. Trading volume reached HKD 3.59 trillion, led by US equities. The firm added 204,000 funded accounts, more than half outside Hong Kong, bringing the total to 2.88 million as client assets climbed to HKD 973.9 billion.

<a href="/company/nvidia">Nvidia</a> has reportedly told suppliers including Amkor and Samsung to suspend production of its H20 <a href="/industry/ai">AI</a> chip for China. The pause follows scrutiny from Chinese authorities, who summoned domestic tech firms over data security and information risks linked to the chip’s use.

<a href="/company/openai">OpenAI’s</a> chief people officer Julia Villagra will exit the company on August 23, just months after her promotion. She joined in February 2024 and is leaving to pursue art and storytelling projects related to artificial general intelligence. Her departure comes as OpenAI navigates fierce talent competition. A replacement is being sought.

Anthropic is close to securing up to USD 10 billion in a new funding round led by Iconiq Capital, with participation from TPG, GIC, and other investors, sources said. The round could push the <a href="/industry/ai">AI</a> firm’s valuation to USD 170 billion, well above the USD 61.5 billion it reached earlier this year.

<a href="/company/nio">Nio</a> unveiled its all-new ES8 electric SUV on August 21, with preorders now open and deliveries set to begin in late September. Priced from RMB 416,800 or RMB 308,800 with a battery subscription plan, the six- and seven-seater flagship model features a 102 kWh battery, <a href="/industry/ai">AI</a>-assisted driving, and luxury comfort upgrades.

Didi Chuxing, CaoCao Mobility, and T3 Mobility have reportedly lowered their maximum commission rates to 27% or less, aiming to improve driver income and address regulatory calls for transparency. Didi also introduced monthly rebates, though analysts warn platform margins may tighten as a result.

<a href="/company/tencent">Tencent</a> plans to expand its <a href="/industry/ai">generative AI</a> offerings into Japan and Southeast Asia, building on technology refined in China. Vice president Wu Yunsheng said the rollout may include biometric tools and autonomous AI agents, as Tencent shifts focus from LLMs to service design and real-world applications.

<a href="/company/deepseek">DeepSeek</a> said its V3.1 <a href="/industry/ai">AI</a> model was built for undisclosed Chinese-developed chips using UE8M0 FP8 formatting, set for release soon. The update signals potential progress in China’s push for a self-reliant AI stack, though the chip vendor and intended use uses remain unspecified.

<a href="/company/miniso">Miniso</a> founder Ye Guofu said the “Miniso Land” store concept has exceeded expectations and will be expanded globally. At an investor meeting, Ye added that the company now views proprietary IP as equally important as licensed IP and aims to deepen development in both.

<a href="/company/bilibili">Bilibili</a> reported Q2 2025 net profit of RMB 218.3 million, reversing a loss from a year earlier, as total revenue rose 20% YoY to RMB 7.34 billion. Growth was led by mobile games, up 60%, and advertising, up 20%. Gross margin improved to 36.5%, with adjusted profit at RMB 561.3 million.

<a href="/company/bytedance">ByteDance</a> has released Seed-OSS-36B, a 36-billion-parameter open-source <a href="/industry/ai">AI</a> model, on Hugging Face. Designed for general-purpose and reasoning tasks, it reportedly matches or outperforms rival offerings from <a href="/company/alibaba">Alibaba Cloud</a>, Google, and <a href="/company/openai">OpenAI</a> despite its smaller size.

What happens when banking goes virtual? Study no-branch platforms, biometric authentication, and seamless financial services.

Digital Banks

How does finance become frictionless? Examine digital banking, payment innovation, and lending platforms redefining financial access.

How does credit flow online? Explore digital lending tools, alternative scoring, and services accelerating capital access.

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What streamlines global commerce? Examine digital wallets, cross-border remittances, and instant settlement technologies.

Payments

Lenders backed by Grab, Sea, and StanChart hang on as legacy rivals DBS, UOB, and OCBC boom.

Profits, and customers, prove elusive for Singapore's digital banks

Profits, and customers, prove elusive for Singapore&#8217;s digital banks

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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.

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Chinese food chains are moving beyond diaspora enclaves to attract mainstream international diners.

Hotpot, malatang, bubble tea: Chinese dining chains expand abroad to win over global palates

I'm Xiaochun with 36Kr Global [kri’eɪʃə], a newborn digital media with a dedication to help Asia uncover its innovations and to create.

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Xiaochun Zhao

The Chinese startup reckons generative AI will eventually be processed directly on devices, not just in data centers.

Beyond the cloud, Houmo.AI sees AI compute shifting to the edge

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Futu Q2 net income surges 112.7%

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Profits, and customers, prove elusive for Singapore’s digital banks

Hotpot, malatang, bubble tea: Chinese dining chains expand abroad to win over global palates

Beyond the cloud, Houmo.AI sees AI compute shifting to the edge