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Homeplus has approached Alibaba and Temu as potential buyers for its hypermarket and online units, as PwC Korea markets the assets to over ten investo…

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Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

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

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

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The company is using sequels, animation, and offline experiences to extend the value of stories beyond the screen.

Alibaba’s Hujing sees longform IP as a counterweight to short-form content

Decoding China&#039;s tech and business pulse

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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.

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Huawei, a global telecom and smartphone vendor, delivers networking equipment, 5G solutions, and consumer devices integrating cutting-edge tech.

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The Chinese company said its new chipmaking approach could help it match TSMC and Intel by 2031.

Huawei says new Kirin chip for phones overcomes US clampdown

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Deals in brief: SG Enviro completes Series A round, Return Helper raises USD 4 million, 14 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.

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Homeplus has approached <a href="/company/alibaba">Alibaba</a> and Temu as potential buyers for its hypermarket and online units, as PwC Korea markets the assets to over ten investors ahead of a July 3 court restructuring deadline.

Liuliumei plans to offer about 11.46 million H-shares at HKD 43.58 each, with trading expected to begin June 15, according to a Hong Kong filing.

Leapmotor will launch updated C10, C11, and C16 models on June 16, with the C10 featuring new exterior styling, revised lighting and added interior features including second-row tables.

<a href="/company/xiaomi">Xiaomi</a> will launch the 17T Pro on June 8, featuring a MediaTek Dimensity 9500 chip built on a 3-nm process, with a 33% GPU performance gain and 42% lower power use, plus a Leica triple camera.

The Huawei-led Harmony Intelligent Mobility Alliance (HIMA) has introduced a RMB 20,000 trade-in discount for the Maextro S800 sedan, targeting owners of select luxury car brands. The offer excludes existing HIMA trade-in incentives.

<a href="/company/bytedance">ByteDance's</a> AI assistant Doubao lost 6.07 million monthly active users in May, a 1.81% decline, after introducing paid subscription tiers. It remains China’s largest consumer AI app with 330 million users, while <a href="/company/alibaba">Alibaba</a>’s Qwen gained 13 million to reach 234 million.

<a href="/company/deepseek">DeepSeek</a> raised about USD 7 billion in its first external funding round at a USD 59 billion valuation, with <a href="/company/tencent">Tencent</a>, <a href="/company/catl">CATL</a>, and founder Liang Wenfeng participating.

Merus Power and <a href="/company/catl">CATL</a> have signed an agreement to deliver about 3 GWh of battery energy storage systems (BESS) in Northern Europe, targeting grid-scale projects in the region.

Luxeed has recruited a former Ferrari chief designer and a chassis tuning team with experience at BMW and Aston Martin, according to executive vice president Zhao Changjiang. The brand, part of the Harmony Intelligent Mobility Alliance (HIMA), currently offers the S7, R7, and V9 models and plans to expand its lineup.

ZTE has announced a partnership with <a href="/company/tencent">Tencent</a> to launch an <a href="/industry/ai">AI</a> cloud computer featuring the latter's WorkBuddy agent. The device integrates Tencent Cloud computing power and the Hunyuan large model, targeting students, professionals, and small teams.

Sany Heavy Industry and XCMG will raise prices for several crane models by 2–5% starting July 1. The companies cited rising raw material and manufacturing costs.

ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

AI Infrastructure

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

Artificial Intelligence

Foundation and Large Models

The video model has become a key growth driver for ByteDance’s AI business.

ByteDance raises Volcano Engine’s MaaS revenue target on Seedance 2.0 growth

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Hong Kong

The financing is being viewed as a pre-IPO round, with Kling’s pre-money valuation equal to about two-thirds of Kuaishou’s market value.

Kuaishou’s Kling AI seeks fresh funding ahead of planned 2027 IPO

IPO Zaozhidao is a Chinese media outlet that provides timely coverage of IPO developments and related market signals.

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IPO Zaozhidao

Photo shows CRP’s RHM-T1W wheeled humanoid robot on display at Hannover Messe 2026.

Embodied Intelligence

How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

Robotics

The company is moving beyond traditional robots into higher-value systems designed for smart manufacturing.

Homeplus taps Alibaba, Temu in sale

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