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

A Pop Mart restock of its popular Labubu collectibles drove down resale prices, fueling speculation about softening demand. The company’s shares fell …

Events

Latest

About

36Kr (EN)

Consumer

Robotics

Fintech

Press Releases

FinVolution’s 2025 data science contest will focus on deepfake image detection.

FinVolution launches tenth global data science competition with a focus on deepfake image detection

Decoding China&#039;s tech and business pulse

KrASIA

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.

Cheng Zi

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

China

DJI sets industry standards in drone technology, offering aerial imaging, filming solutions, and advanced flight controls for professionals and hobbyists.

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

East Asia

What drives digital storytelling? Examine content creation, distribution channels, and media platforms connecting audiences worldwide.

Content

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

Creative

What entertains a connected world? Track shifts in film, music, and media consumption, as platforms and audiences redefine cultural experiences.

Entertainment

What grounds digital progress in physical form? Analyze chipsets, sensors, and advanced components driving device performance.

Hardware

With DJI preparing to enter its core segment, Insta360 faces the challenge of defending its moat through continued innovation.

Insta360’s IPO pop signals confidence, but the real challenge lies ahead

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

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

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

Deals in brief: Salmon raises USD 88 million, InstaPay closes Series A2 round, ten 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 <a href="/company/pop-mart">Pop Mart</a> restock of its popular Labubu collectibles drove down resale prices, fueling speculation about softening demand. The company’s shares fell around 6% on June 17 and dipped again on June 20, though the declines may partly reflect broader market volatility.

Yonghui Superstores said it aims to complete upgrades at 200 locations by September 30, doubling its previous pace. The overhaul will focus on employee training and private-label product development, with store relaunches expected daily throughout Q3. The company has completed over 100 remodels since launching the effort in May 2023.

Accounting software firm Xero will acquire Melio Payments for up to USD 2.5 billion in its largest deal to date, aiming to accelerate growth in the US and expand services for small businesses. The cash-and-stock transaction includes USD 500 million in potential earnouts, with Melio’s CEO set to lead the US operations.

A Chinese team led by Nankai University has completed what it calls the world’s first human trial of a brain-computer interface implanted via blood vessels, helping a paralyzed patient regain limb movement. Unlike Neuralink’s open-skull approach, the method reportedly reduces risk and shortens recovery time.

Prices for drone parts shipped from China to the US have surged as much as fourfold since Beijing imposed export controls on dual-use technologies in 2024, customs data shows. Infrared device exports to the US fell 60%, inertial sensor exports dropped 90%, and sales to Russia climbed, signaling a shift in global drone supply chains.

<a href="/company/iflytek">iFlytek</a> has launched a suite of <a href="/industry/ai">AI</a> products in Hong Kong, including a medical chatbot and multilingual transcription tools, while establishing the city as its international headquarters. The company said Hong Kong will anchor its global expansion and emphasized its reliance on domestic chip infrastructure amid US tech restrictions.

<a href="/company/bilibili">Bilibili</a> has launched an AI-powered feature on its marketing platform that helps brands match with content creators based on campaign goals, budget, and audience profiles. The tool analyzes creator data and generates recommendations in about three minutes, with usage limits based on account spend history.

Tims China, operator of the Tim Hortons chain in China, narrowed its Q1 2025 net loss to RMB 58.9 million as cost cuts lifted store-level margins to 6.7%. Revenue fell 9.5% due to closures and lower same-store sales, but system sales rose 3.5% YoY and loyalty memberships grew 26%. Adjusted EBITDA loss was nearly halved.

<a href="/company/alibaba">Alibaba Cloud</a> will expand access to its Qwen <a href="/industry/ai">AI</a> models and Model Studio platform through international data centers this year, senior vice president Liu Weiguang said. The move supports growing global demand and is part of a RMB 380 billion investment to scale Alibaba’s cloud and AI infrastructure.

Standard Robots has filed for a Hong Kong IPO with joint sponsors CITIC Securities and Guotai Junan International. Founded in 2016 in Wuxi, the company specializes in <a href="/industry/robotics">robotics</a> and <a href="/industry/ai">AI</a> software, and is backed by investors including <a href="/company/xiaomi">Xiaomi</a>, Broad Vision Funds, and China Capital Management.

Faraday Future said it has signed B2B preorder agreements for 4,000 units of its FX Super One <a href="/industry/ev">EV</a>, including 1,000 units from real estate brokerage Pinnacle and 500 from social commerce agency Telling. The company said its asset-light B2B2C sales model is driving preorder momentum without relying on traditional dealerships.

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

Artificial Intelligence

What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

Consumer Economy

What lies beyond familiar frontiers? Investigate emerging tech—like quantum computing and AI—transforming traditional sectors.

Deep Tech

Founder Wu Dezhou says depth in niche markets matters more than mass appeal when building consumer wearables.

The Garmin of AI glasses? ARknovv’s smart specs are built for athletes, not the masses

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

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

A price reset and a hard push on Douyin and Pinduoduo fueled Three Squirrels’ turnaround, driving sales back to their 2019 highs.

Pop Mart stock wobbles as Labubu resale dips

Latest Pulses

Most Recent

The Garmin of AI glasses? ARknovv’s smart specs are built for athletes, not the masses

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

From slump to RMB 10 billion comeback: How a Chinese snack brand found new life in social commerce