Alibaba

ByteDance

Huawei

Meituan

Tencent

Xiaomi

Most Followed

KrASIA Connection

100 AI Creators

China's Auto Sector

Inside China's Startups

Venture Roundup

Our Events

View All

Collections

News

Features

Insights

Ecosystem

Press Releases

Anker

DeepSeek

Li Auto

MiniMax

Pop Mart

Xpeng

On the Radar

Chinese startup Mova has raised an eight-figure RMB sum of angel funding to expand R&amp;D and scale its power tool lineup across consumer and profess…

Events

Latest

About

Consumer

Robotics

Fintech

Collaborate

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

China

Xibei has apologized and pledged greater transparency, but draft national standards and growing capital inflows point to a market too big to stop.

After feud with Luo Yonghao, Xibei yields to consumer pressure over pre-prepared food

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

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

Nio, a Chinese electric car maker, specializes in high-performance EVs, battery-swapping solutions, and autonomous driving technologies.

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

After another cash infusion, the onus is on the EV maker to prove it can turn a profit.

Why investors keep backing Nio despite RMB 100 billion in losses

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

Japan

Malaysia

Singapore

South Korea

Southeast Asia

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

Deals in brief: Nvsion secures funding from Cambrian, Naver invests in GravityLabs, five China startups raise capital, 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

Chinese startup Mova has raised an eight-figure RMB sum of angel funding to expand R&amp;D and scale its power tool lineup across consumer and professional markets. Founded in January, the firm has begun overseas shipments and expects RMB 100 million in GMV by Q4 2025. Its professional line will launch in early 2026 as it targets global expansion.

Chinese game maker Game Science has opened its first offline retail store in Hangzhou, a 1,000-square-meter, two-story space featuring Black Myth-themed decor, collectibles, apparel, and exclusive items. Fans queued hours before opening, and some limited products sold out on the first day, with resale listings quickly appearing online.

<a href="/company/catl">CATL</a> is preparing to launch 8-series high-nickel batteries in 2026, reviving a chemistry once sidelined over safety and durability issues. Designed for range-extended and plug-in hybrid vehicles, the packs promise higher energy density and lighter weight than LFP alternatives, but costs and stability challenges could limit widespread adoption.

Ant International, the Singapore-based arm of <a href="/company/ant-group">Ant Group</a>, is scaling an <a href="/industry/ai">AI</a>-powered system to forecast foreign currency needs and optimize cash flows. Paired with blockchain-based payments, the tools reportedly processed USD 1.1 trillion in flows last year and are now adopted by clients including AirAsia.

TikTok’s US operations have been valued at USD 14 billion under a deal approved by President Donald Trump. Oracle, Silver Lake, and Abu Dhabi’s MGX will acquire about 45% of the new joint venture, while <a href="/company/bytedance">ByteDance</a> keeps less than 20% and other investors take the remainder. The terms still require approval from Beijing.

Oracle, Silver Lake, and Abu Dhabi’s MGX will acquire about 45% of TikTok US under a proposed deal that President Donald Trump has reportedly approved by executive order. <a href="/company/bytedance">ByteDance</a> will retain 19.9%, with the remainder held by existing and new investors. Oracle will oversee app security as TikTok avoids a US shutdown under divestiture law.

<a href="/company/xiaomi">Xiaomi</a> has unveiled its 17 smartphone series starting at RMB 4,499, more than USD 100 cheaper than Apple’s iPhone 17. In a live stream, CEO Lei Jun staged head-to-head comparisons with Apple’s device while also highlighting Xiaomi’s EV sales, chipmaking push, and broader effort to rival US tech giants from Apple to <a href="/company/tesla">Tesla</a>.

The Singapore Fashion Council has reportedly invested USD 300,000 in Loom Carbon through its TBFI Scale Up accelerator. The climate tech startup is developing modular pyrolysis systems that turn textile waste into circular materials such as renewable oil and bio black, with its first commercial plant planned in Singapore.

Hong Kong-based fintech firm RedotPay has raised USD 47 million in a round with new backing from Coinbase Ventures and follow-on investment from Galaxy Ventures and Vertex Ventures. Founded in 2023, the company offers stablecoin-based wallets, cards, and payout services, and now serves about five million users.

<a href="/company/lazada">Lazada</a> has reportedly linked with Tmall to let merchants easily replicate stores across Southeast Asia, a key step in its brand-focused strategy. Backed by <a href="/company/alibaba">Alibaba’s</a> e-commerce integration, Lazada aims to broaden access to branded goods for the region’s growing middle class, with AI-driven tools supporting localization and logistics.

<a href="/company/byd">BYD</a> is offering RMB 10,000 discounts on select Qin Plus sedans through December, extending earlier cuts across models such as the Tang DM-i and Seal 07 DM-i. The Qin Plus remains one of BYD’s bestselling models, but the move follows four consecutive months of weaker sales in China amid official calls to curb price wars.

Recoverit V14 brings smarter recovery, broader device support, and enhanced media compatibility.

Wondershare launches Recoverit V14 with AI-powered recovery, 99.6% success rate, and support for over a million devices

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.

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

Cheng Zi

Connect with researchers developing new platforms in healthcare, sustainability, and engineering at KSAC’s “Lab to Global Stage” showcase.

Kansai researchers to showcase frontier innovation in Singapore at KSAC’s October event

https://secure.gravatar.com/avatar/972f75dd52ed83672433f4213ed054a8?s=96&d=blank&r=g

KrASIA Writers

Photo of Jack Ma, co-founder and former executive chairman of Alibaba Group.

How do trustless ledgers transform industries? Investigate decentralized databases, smart contracts, and infrastructure powering secure transactions.

Blockchain

Where do digital assets find value? Consider market volatility, decentralized exchanges, and blockchain protocols shaping crypto economies.

Cryptocurrencies

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 do policies adjust to a data-rich world? Explore usage-based coverage, automated claims, and analytics guiding risk assessment.

Insurance

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

Payments

Backed by Ant-linked partnerships and digital asset reserves, the firm is deepening the integration of blockchain with traditional finance.

Is Yunfeng Financial becoming Jack Ma’s next Ant Group?

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

Mova eyes global growth in power tools

Latest Pulses

Most Recent

Wondershare launches Recoverit V14 with AI-powered recovery, 99.6% success rate, and support for over a million devices

Kansai researchers to showcase frontier innovation in Singapore at KSAC’s October event

Is Yunfeng Financial becoming Jack Ma’s next Ant Group?