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Kweichow Moutai will scale back cross-industry retail collaborations to focus on its core liquor business, chairman Chen Hua said at the company’s ann…

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

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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.

China’s State Post Bureau said on June 11 that it has opened an investigation into J&amp;T Express. The company acknowledged the probe, citing gaps in safety management across its franchise network. J&amp;T has set up a task force to address safety risks, strengthen its four-tier responsibility chain, and improve frontline staff training.

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.

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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.

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

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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.

China’s electric SUV makers chase high-end buyers

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The chipmaker said it will not raise prices like "memory chip guys" amid the AI demand surge.

TSMC "not afraid of competition" as CEO wishes Elon Musk good luck on chips

TSMC &#8220;not afraid of competition&#8221; as CEO wishes Elon Musk good luck on chips

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Kweichow Moutai to limit collaborations

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ByteDance spins out drug discovery unit to test AI4S commercialization

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