FB Pixel no scriptKrASIA | Decoding China's tech and business pulse
MENU
KrASIA

News

Is Kimi K2 strong enough to spark China’s next “DeepSeek moment?”

4 mins read

Pulses

Horen raises Series F funding

just now
Securities Times
Chinese enterprise Horen has raised RMB 130 million in a Series F funding round led by Timesbole to expand full-chain packaging solutions in China and speed up global rollout. The firm aims to scale its green supply chain and smart manufacturing amid mounting compliance pressure from EU and US trade rules.

Zhejiang posts strongest provincial growth

just now
Securities Times
Zhejiang led GDP growth among China’s six largest provinces in H1 2025 at 5.8%, lifted by strong industrial and export performance. Jiangsu and Henan followed at 5.7%, while Guangdong trailed at 4.2%, weighed down by falling investment and sluggish industrial and consumer activity.

Unitree starts IPO process in China

just now
Shanghai Securities News
Unitree Robotics has begun IPO counseling with China’s securities regulator, with CICC as lead sponsor. The company may file as soon as October and is expected to target the STAR Market. Unitree focuses on general-purpose humanoid and legged robots and has reported consistent profits since 2020.

UBTech lands major robotics deal

just now
Jiemian News
UBTech Robotics has secured a RMB 90.5 million order from Miyi Automotive Technology for its Walker S robots, the largest contract signed with a single supplier in China for humanoid robotics to date. The deal highlights growing industrial demand and comes amid a wave of large-scale procurement.

GoerMicro reapplies for HK listing

just now
36Kr
Goertek Microelectronics has refiled its listing application with the Hong Kong Stock Exchange. Joint sponsors include CICC, CSCI, CMB International, and UBS. The chipmaker first sought a Hong Kong IPO in 2023 but did not proceed at the time.

Tencent tops China mutual fund holdings

just now
Securities Times
Tencent remained the top holding among China’s active mutual funds as of Q2 2025, followed by CATL and Kweichow Moutai. Xiaomi and Eoptolink entered the top ten, while BYD and Wuliangye dropped out. Baijiu stocks saw the largest sector-wide outflows during the quarter.

Stargate project stalls after bold launch

just now
WSJ
Stargate, a USD 500 billion AI infrastructure project announced by OpenAI and SoftBank at the White House earlier this year, has yet to secure a data center deal. Internal disagreements have stalled progress, with the partners now aiming to build a single site in Ohio by year’s end, scaling back earlier ambitions.

Netflix tries Runway AI in production

just now
Bloomberg
Netflix is testing generative video tools from Runway AI in content production, a source said. Disney has also trialed the solution but said it has no plans to adopt it. The update adds to growing scrutiny over AI's use in film production, as studios weigh cost and speed gains against labor concerns.

Neuralink performs two surgeries in one day

just now
Neuralink
Neuralink said it completed brain implant surgeries for participants codenamed P8 and P9, the first time it performed two procedures in a single day. Both are reportedly recovering well, the company said on X. The update follows earlier FDA-approved human testing and initial trial setbacks.

JD.com denies Kai Bo acquisition report

just now
SCMP
JD.com has denied a media report that it acquired 70% of Hong Kong grocer Kai Bo Food Supermarket for HKD 4 billion. The report claimed the deal included store and property assets, with founder Lam Hiu-ngai staying on for three years. JD.com called the report inaccurate and misleading.

Wohua reports strong H1 earnings

just now
36Kr
Wohua Pharmaceuticals has reported a net profit of RMB 44.68 million in H1 2025, up 303.16% YoY, on revenue of RMB 425 million. Basic EPS was RMB 0.08, and the company proposed a cash dividend of RMB 1.2 per ten shares.

WeRide launches platform with Nvidia chips

just now
WeRide
WeRide has launched its HPC 3.0 platform, the first to feature dual Nvidia Drive AGX Thor chips, debuting in the new GXR robotaxi. Co-developed with Lenovo, the system reportedly delivers 2,000 TOPS of compute, cuts autonomous driving suite costs by up to 50%, and meets ASIL-D safety standards.

Stellantis blames tariffs for heavy losses

just now
AP News
Stellantis expects a EUR 2.3 billion net loss in H1 2025, down from a EUR 5.6 billion profit a year earlier, citing EUR 3.3 billion in restructuring- and emissions-related costs and EUR 300 million in US tariff impacts. The automaker also faces falling shipments, executive turnover, and possible EU penalties for emissions compliance. Results will be released on July 29.

Meitu forecasts strong H1 profit growth

just now
36Kr
Meitu expects adjusted net profit for H1 2025 to rise 65–72% YoY, citing strong revenue growth in imaging and design products. The increase follows a surge in paid subscriptions over the past six months.

Joocyee opens first overseas store

just now
Sina
Chinese beauty brand Joocyee launched its first international flagship store in Singapore’s Wisma Atria on July 21. After entering the market in October 2024, the brand has since expanded to 24 retail locations. The new store features region-specific product lines as Joocyee scales global operations.

Digital trade lifts China’s retail sector

just now
CGTN
E-commerce drove China’s retail growth in H1 2025, with online sales up 8.5% YoY and cross-border trade rising 5.7% to RMB 1.32 trillion. Physical goods sold online accounted for 29.6% of total retail sales. Trade-in incentives and global partnerships helped sustain momentum, the commerce ministry said.

Huawei denies risk in Spain wiretap tech

just now
Bloomberg
Huawei said its hardware in Spain’s judicial wiretap system meets security standards and does not access user data, following US calls to limit intelligence sharing. Spain said Huawei tech plays a minor role in the Sitel system and is not used for classified communications.

Hong Kong IPO activity jumps 30%

just now
Xinhua
Hong Kong posted 52 IPOs by mid-July 2024, up 30% YoY and raising HKD 124 billion, marking a 590% surge that led global rankings. The Hang Seng Index has risen 25.3% year to date in 2025, as the government pledged further reforms to boost liquidity and attract high-quality international listings.

Louis Vuitton reports HK data breach

just now
Jiemian News
Louis Vuitton has reported a data breach affecting 420,000 Hong Kong customers, exposing names, contact details, and shopping histories but not payment information. Authorities have launched a probe into the incident, which follows recent breaches in South Korea and the UK. The company said it has blocked unauthorized access and reinforced system security.

Keep cuts losses in H1 amid AI push

just now
Sina
Hong Kong-listed fitness tech firm Keep slashed its H1 2025 loss to RMB 36 million, down 78% YoY, and posted RMB 10 million in adjusted profit. It credited improved margins and AI-driven efficiency for the turnaround, despite short-term revenue decline from product cuts. The firm is doubling down on AI-powered coaching tools and in-house fitness gear for long-term growth.
See All

Icon for Editor’s PicksEditor’s Picks

Insights

Meituan scrambles on “Super Saturday” as Taobao Shangou tops 80 million daily orders

A single Saturday saw Taobao Shangou, Meituan, and JD.com log a combined 200 million orders, testing subsidy strength, logistics, and supply chains in real time.

11 mins read
  • Features

    MiniMax finds its “aha moment,” and a way to challenge the AI status quo

    7 mins read

Venture RoundupVenture Roundup

  • News

    Deals in brief: Augmentus raises Series A+ funding, Coda to acquire Recharge, Origgin Capital debuts second fund, and more

    6 mins read
    • See All

    Automaker InsightsAutomaker Insights

    • See All

    Retail and CommerceRetail and Commerce

    • See All

    Icon for Casual ChroniclesCasual Chronicles

    100 AI Creators100 AI Creators

    • See All