Alibaba

ByteDance

CATL

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

DeepSeek

Li Auto

Luckin Coffee

Mixue Bingcheng

Pop Mart

Xpeng

On the Radar

Kunlunxin, Baidu’s AI chip unit, plans to file for a Hong Kong IPO as early as the first quarter of 2026 after a fundraising round valued it at RMB 21…

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

Backed by new funding, Lamchiu proves that true artistry can endure in a market built on speed.

Lamchiu’s handmade gold pieces take months to craft, but deter neither buyers nor investors

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

The way Coolfly responded to a single email says much about the birdwatching tech startup’s identity.

Coolfly’s “uneconomical” sprint for one user shows the kind of company it aims to be

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

Singapore

Southeast Asia

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

Deals in brief: SynaXG raises over USD 20 million, CapitaLand acquires LXA Capital, new China investments, 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

Kunlunxin, <a href="/company/baidu">Baidu’s</a> <a href="/industry/ai">AI</a> chip unit, plans to file for a Hong Kong IPO as early as the first quarter of 2026 after a fundraising round valued it at RMB 21 billion. The listing is expected to complete by 2027, with the company projecting annual revenue of RMB 3.5 billion and planning new chip launches for data centers.

Jingdong Industrials, <a href="/company/jd">JD.com’s</a> supply chain technology unit, plans to raise HKD 2.98 billion in its Hong Kong IPO after pricing shares at HKD 14.1 each, the midpoint of its range. The company said proceeds will be used to enhance <a href="/industry/ai">AI</a> and supply chain capabilities and to fund expansion, investments, and acquisitions. Trading begins December 11.

Govy, <a href="/company/gac">GAC’s</a> <a href="/industry/evtol">eVTOL</a> aircraft unit, said its Guangzhou plant has begun installing and testing production equipment and is expected to begin trial production early next year. The facility will assemble the Govy AirCab (GAC-A6) multi-rotor flying car, which has reportedly received nearly 2,000 orders and aims for airworthiness certification and deliveries by the end of 2026.

<a href="/company/tesla">Tesla</a> said its Shanghai Gigafactory has produced its four millionth vehicle, less than 14 months after reaching the three million mark. The facility now accounts for nearly half of Tesla’s global deliveries, with localization of Model 3 and Model Y components exceeding 95%.

<a href="/company/bytedance">ByteDance</a> has disabled the Doubao phone assistant’s ability to operate WeChat on the Nubia M153 after users reported login failures and app crashes. The company said affected accounts are being restored and added that Doubao’s use of high-level Android permissions requires explicit user consent and is clearly disclosed.

Meta has acquired Limitless, the <a href="/industry/ai">AI</a> startup formerly known as Rewind and developer of a pendant that records conversations. The company will stop selling hardware but continue supporting existing users for a year as its team joins Meta’s wearables division to advance AI-enabled devices. Limitless previously raised USD 33 million from investors including a16z and NEA.

Netflix has agreed to acquire Warner Bros Discovery in a deal valued at USD 82.7 billion, including debt, giving it control of HBO and one of Hollywood’s largest content libraries. The acquisition marks Netflix’s biggest deal to date and signals a major strategic shift as it faces regulatory scrutiny in the US and Europe.

<a href="/company/meituan">Meituan</a> said it will voluntarily adopt China’s new national standards for managing food delivery platforms, which it helped draft. The company said it will integrate the rules into its operations to promote fair competition, strengthen food safety, and improve service quality, supporting the industry’s sustainable development.

<p data-start="187" data-end="506">RoboSense’s LiDAR shipments reportedly surpassed 150,000 units in November after winning 56 model designations from 13 automakers, including SAIC Audi, IM Motors, and major European and North American brands. Its technology also powers Didi’s next-generation robotaxi and delivery and service robots, highlighting its expanding role in smart mobility.</p>

Farasis Energy will supply its SPS LFP battery systems for GAC Aion’s second-generation Aion V and Aion UT models headed for Europe, with total orders exceeding ten gigawatt-hours. The deal marks a milestone in the partners’ long-term collaboration and strengthens Farasis’s presence in the global <a href="/industry/ev">EV</a> battery market.

<a href="/company/changan-automobile">Changan Automobile</a> plans to launch <a href="/industry/ev">EVs</a> from its Avatr and Nevo brands in Europe within two years, expanding beyond its Deepal lineup. The automaker is also considering hybrid and light commercial models and may build a European factory to support sales and avoid EU tariffs on Chinese-made cars.

What fits the world in your pocket? Track device innovation, OS ecosystems, and connectivity shaping smartphone usage.

Smartphones

Europe

The exec will join Carl Pei’s team as chief brand officer in January 2026.

Nothing taps Loewe’s Charlie Smith to lead branding ahead of funding push and IPO plans

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

Image of the MTT S4000, a GPU designed by Moore Threads.

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

Artificial Intelligence

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

Deep Tech

What powers digital devices? Delve into chip design, manufacturing bottlenecks, and semiconductor breakthroughs fueling global electronics.

Semiconductors

The firm’s valuation appears stretched, with investor enthusiasm outpacing its underlying financials.

Moore Threads makes record IPO debut as China’s AI chip fever rages on

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

Insta360

What hovers over new frontiers? Explore drone logistics, aerial data collection, and surveillance tools shaping multiple industries.

Drones

The drone separates navigation from camera perspective, combining panoramic capture, first-person view, and motion-based control in one system.

Baidu's Kunlunxin plans Hong Kong IPO

Latest Pulses

Most Recent

Nothing taps Loewe’s Charlie Smith to lead branding ahead of funding push and IPO plans

Moore Threads makes record IPO debut as China’s AI chip fever rages on

Insta360’s Antigravity debuts A1 drone with 360-degree view and motion control