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Tencent has launched a bond offering of up to USD 4.5 billion, denominated in US dollars and offshore RMB. The issuance, its first USD bond sale since…

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

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Huawei is focusing on domestic computing power and enterprise use cases as rivals compete on cheaper AI inference.

Huawei Cloud shifts the AI cloud fight beyond token prices

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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Li-Ning, a Chinese sportswear brand, focuses on performance-driven footwear and apparel, combining functionality with contemporary design.

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

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The Chinese sportswear brand is counting on Curry Brand becoming a long-term global asset.

Will Li-Ning’s Stephen Curry deal cut both ways?

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Deals in brief: Handshake Finance, Clear Robotics raise funding; VoidZero joins Cloudflare; GIC invests in Supabase and Ramp; 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.

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KrASIA tracks China’s tech and business stories, alongside key developments across the broader Asia Pacific region.

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<a href="/company/tencent">Tencent</a> has launched a bond offering of up to USD 4.5 billion, denominated in US dollars and offshore RMB. The issuance, its first USD bond sale since 2021, has attracted more than USD 17 billion in orders. Proceeds will support refinancing and general corporate purposes, including <a href="/industry/ai">AI</a> product and service development.

Kweichow Moutai will scale back cross-industry retail collaborations to focus on its core liquor business, chairman Chen Hua said at the company’s annual shareholder meeting. The company plans to prioritize base liquor production and maintain a supply-demand-based pricing strategy. Moutai also said it has no current plans for a stock split.

<a href="/company/alibaba">Alibaba</a> is said to be bidding USD 1.5 billion to acquire Chinese fresh food delivery platform Pupu. The offer is reportedly more than double a previous valuation proposed by Sun Art Retail.

<a href="/company/xpeng">Xpeng</a> is developing a wagon model under its Mona series, according to leaked photos. The project has been confirmed internally, though the vehicle is not expected to launch this year.

Woodside Energy exercised its preemptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields for USD 225 million, blocking a planned sale to Japan’s Inpex. The deal includes a USD 175 million contingent payment tied to a final investment decision by June 30, 2032. The acquisition would raise Woodside’s interest in the project to 41.27%.

Kenya has selected China Communications Construction Company (CCCC) to lead a USD 2.9 billion upgrade of Nairobi’s Jomo Kenyatta International Airport. Construction is expected to begin this month, with funding from privatization proceeds and commercial loans. The project follows the cancellation of a previous proposal from Indian billionaire Gautam Adani’s company.

Nio has launched a refreshed version of the Onvo L60 midsize electric SUV, with prices starting at RMB 192,800. The new model is priced below its predecessor and adds hardware and software upgrades, including new smart driving features. Deliveries are set to begin on June 12.

<a href="/company/huawei">Huawei</a> will launch its HiCar 7.0 smart vehicle connectivity solution on June 13. The release is scheduled during Huawei's developer conference, which runs June 12–14.

Smart glasses maker Rokid is facing scrutiny after users uploaded unauthorized footage of bystanders to its community platform. The controversy adds privacy and regulatory risk to the company’s planned Hong Kong IPO, as investors weigh its camera-integrated display technology against intensifying competition in AI glasses.

Seres-affiliated Saidou Technology has launched Aiva, a new AI-focused car brand, as Seres seeks to diversify beyond its Huawei partnership. The company plans to release its first mass produced model, the Aiva ME7, later this year. Aiva will work with ByteDance’s Volcano Engine on AI cockpit and large model technology, while ByteDance said it has no plans to manufacture vehicles.

<a href="/company/meituan">Meituan</a>, Taobao, and <a href="/company/jd">JD.com</a> signed a self-regulation agreement in Guangdong on June 9 to establish a cross-platform blacklist for food delivery merchants. The initiative aims to impose joint restrictions on severely noncompliant vendors, meaning a serious violation on one platform could trigger restrictions across participating services.

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

How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

Retail

Anta's deal with Puma strengthens its global multi-brand strategy.

How China's Anta joined Nike and Adidas on the world sportswear podium

How China&#8217;s Anta joined Nike and Adidas on the world sportswear podium

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

What shapes modern healthcare and agriculture? Examine biotech startups, gene editing, and drug discovery unlocking biological potential.

Biotechnology

The move gives the unit more independence while preserving support from its parent company.

ByteDance spins out drug discovery unit to test AI4S commercialization

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Photo shows the Aito M9 on display at Huawei’s flagship store in Taikoo Li Qiantan, Shanghai, in late 2023.

Aito

Li Auto develops electric vehicles that combine smart cockpit systems, advanced safety features, and long-distance battery support.

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

Seres

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

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How is the way we move evolving? Explore developments in autonomous transportation, electric vehicles, and more efficient urban transit.

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How do goods and people flow worldwide? Examine transport networks, logistics innovations, and policies shaping global connectivity.

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Li Auto, Nio, and Aito are pushing into the RMB 500,000 segment, each with a different answer to what high-end now means.

Tencent plans USD 4.5 billion bond sale

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How China’s Anta joined Nike and Adidas on the world sportswear podium

ByteDance spins out drug discovery unit to test AI4S commercialization

China’s electric SUV makers chase high-end buyers