Announcements

Ecosystem

Events

Features

Insights

News

Opinion

Q&As

China

Southeast Asia

Rest of World

Places

KrASIA Connection

Profiles in Tech

Venture Roundup

Open Source

Startup Wire

Our Events

View All Collections

Collections

About

36Kr (EN)

Bringing together the latest business insights and trends of China's tech ecosystem.

China Tech

Xiaomi Corporation is a Chinese electronics company headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, and related consumer electronics.

Xiaomi

In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans and animals.

Electric Vehicles

Mobility

Smartphones

CEO Lei Jun also presented Xiaomi's first-ever foldable phone, as well as an in-house developed chipset.

Xiaomi enters EV sector with USD 10 billion of its own cash | KrASIA

Home

Xiaomi enters EV sector with USD 10 billion of its own cash

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

https://secure.gravatar.com/avatar/b1f58c52050738746ae9a2be6555a9ab?s=96&d=mm&r=g

Song Jingli

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations. 

Logistics

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Private Equity

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

Beijing-based logistics startup FlashEx, also known as Shansong, said on Tuesday that it closed its Series D2 round raising USD 125 million from investors including Shunwei Capital, Susquehanna International Group (SIG), and N5 Capital.

Chinese delivery firm FlashEx scores USD 125 million from Shunwei, SIG | KrASIA

Chinese delivery firm FlashEx scores USD 125 million from Shunwei, SIG

Huawei Technologies Co. Ltd. is a Chinese multinational telecommunications equipment and consumer electronics manufacturer, headquartered in Shenzhen, Guangdong, China. The company was founded in 1987 by Ren Zhengfei, a former People's Liberation Army engineer.

Huawei

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

An e-commerce payment system facilitates the acceptance of electronic payment for online transactions. Read stories of Payment service providers, platforms or the trending of the Payment industry.

Payments

Huawai has gained a mobile payment license in China after buying Shenzhen Xunlian Zhifu Network from Shanghai Wo Rui Ou Information Technology Co., Ltd., China Securities Journal reported on Sunday

Huawei gains payment license after latest acquisition | KrASIA

Huawei gains payment license after latest acquisition

Live Streaming

With the spread of Internet global accessing (fastest Internet broadband connection TCP with accumulator cables and semi-fast connection), Short Video services have become very popular online. 

Short Video

India

Singapore

Guangzhou-based Joyy (NASDAQ: YY) on Friday reported RMB 3.78 billion (USD 579.9 million) in revenue for the final quarter of 2020, up 77.5% year-on-year (YoY), excluding YY Live, which was sold to Baidu.Proceeds from its livestreaming business increased by 93.3% YoY to RMB 3.59 million, accounting for nearly 95% of the company's entire revenue. The upswing came thanks to continued user base growth and enhanced monetization capabilities of Bigo Live, the livestreaming app, and short-video app Likee, a direct competitor of ByteDance’s TikTok.

Livestreaming boosts user growth and revenue at Joyy | KrASIA

Livestreaming boosts user growth and revenue at Joyy

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

Beijing-based online mutual aid platform Qingsong Huzhu stopped operations on Wednesday, Economic Observer reported, citing users of the service. Before the shutdown, the site registered 17 million users at the end of May last year, second only to Ant Group's Xiang Hu Bao with about 100 million members.

Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down | KrASIA

Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down

Several banks in Shanghai have started offering digital yuan wallets to interested individuals and corporates. So far, the electronic currency has only been available during limited trial periods and to people that have been selected in a lottery.The Industrial and Commercial Bank of China, China Construction Bank, and Bank of Communications confirmed to KrASIA on Thursday that private persons and companies can apply. The Bank of China, Agricultural Bank of China, as well as the Postal Savings Bank of China opened the service to individuals, according to a report by The Paper.

China's digital yuan is now available to individuals and corporates in Shanghai | KrASIA

China&#8217;s digital yuan is now available to individuals and corporates in Shanghai

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Singaporean Chew Shou Zi will join ByteDance after leaving consumer electronics giant Xiaomi (HKSE: 1810), according to an announcement on his verified Weibo account."I will join ByteDance as the CFO so that I can be based in my hometown Singapore 18 years after I left," said Chew, who served as CFO for Xiaomi between 2015 and 2020, leading the company through a successful initial public offering (IPO) on the Hong Kong Stock exchange in 2018.

ByteDance names former Xiaomi executive as CFO fueling IPO rumors | KrASIA

ByteDance names former Xiaomi executive as CFO fueling IPO rumors

Kuaishou (Chinese: 快手) is a platform for recording with millions of original fresh videos everyday.

Kuaishou

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Kuaishou (HKSE: 1024) shares plunged more than 12% on Wednesday in Hong Kong trading, closing at HKD 265. The stock appears to be pulling back after advancing since the IPO, due to high expectations from investors, DTZ Research lead analyst Ke Yan told KrASIA. On Tuesday, the company said it made RMB 58.8 billion (USD 9 billion) in revenue in 2020, up 50.2% year-on-year, in its first annual report since it went public last month.

Kuaishou shares dive after first annual report | KrASIA

Kuaishou shares dive after first annual report

Douyin

The game industry is the economic sector involved in the development, marketing, and monetization of games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.

Gaming

Chinese short video giant ByteDance—via its gaming unit Nuverse—is acquiring the Shanghai-based mobile game developer Moonton, further encroaching onto Tencent's territory.