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36Kr (EN)

China's new digital yuan trial to distribute at least USD 14 million

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

China Tech

JD.com, Inc., also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.

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

Multiple cities have already conducted or are on the way to test digital yuan locally.

KEY STAT | China accelerates digital currency trials before national holiday | KrASIA

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KEY STAT | China accelerates digital currency trials before national holiday

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

KrASIA

https://secure.gravatar.com/avatar/2bddd502480722fd382ec92dfe2fcb9f?s=96&d=mm&r=g

Julianna Wu

Kuaishou IPO to raise at least USD 5 billion

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

Douyin

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

Kuaishou

Creative

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

The app saw a drop in daily and monthly active users in the second half of 2020.

KEY STAT | Kuaishou prepares for the biggest IPO since Uber | KrASIA

KEY STAT | Kuaishou prepares for the biggest IPO since Uber

Razer's revenue growth in 2020 to exceed 40%

Razer

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

Razer had a stellar year, says CEO Min-Liang Tan.

KEY STAT | Gaming firm Razer issues profit alert for FY2020 | KrASIA

KEY STAT | Gaming firm Razer issues profit alert for FY2020

800 million people used WeChat health code

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

WeChat is a Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. It was first released in 2011, and by 2018 it was one of the world's largest standalone mobile apps by monthly active users, with over 1 billion monthly active users.

Wechat

Social Impact

Each user on average displayed the health code 25 times since being launched.

KEY STAT | WeChat health code served 800 million to track COVID-19 | KrASIA

KEY STAT | WeChat health code served 800 million to track COVID-19

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

Didi Chuxing Technology Co., formerly Didi Kuaidi, is a Chinese transportation network company, artificial intelligence and autonomous technology conglomerate.

Didi

Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

Investment

Alibaba, Tencent, Baidu, and Meituan have all used variable interest entities to dodge rules on capital activity.

China's tech giants must navigate new antitrust rules on investments | KrASIA

China&#8217;s tech giants must navigate new antitrust rules on investments

100,000 Didi drivers vaccinated for COVID-19

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

On-Demand Services

Ride-hailing encompasses a range of companies and services, including traditional taxis and car services. 

Ride-hailing

Drivers who have completed the procedure will get a "vaccinated" label on the app.

KEY STAT | Didi is stepping up vaccinations of its drivers in Beijing | KrASIA

KEY STAT | Didi is stepping up vaccinations of its drivers in Beijing

Office collaborationn app DingTalk's users hit 400 million

Enterprise services is an over-arching term to describe an architecture combining engineering discipline and computer science to solve practical business problems. 

Enterprise Services

DingTalk has already been the most-used app of its kind before the pandemic.

KEY STAT | Alibaba's workplace messaging app reaches 400 million users | KrASIA

KEY STAT | Alibaba&#8217;s workplace messaging app reaches 400 million users

Food delivery GMV in SEA: USD 11.9 billion

Gojek is a transportation network company and logistics startup company based in Jakarta, Indonesia.

Gojek

GrabTaxi Holdings Pte. Ltd. is a transportation network company based in Singapore. In addition to transportation, the company offers food delivery services via mobile app. It operates in the Southeast Asian countries of Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia. 

Grab

A peek into the booming tech ecosystem of Southeast Asia.

SEA Tech

Food Delivery

Grab leads the market in Southeast Asia with a 49% share.

KEY STAT | Southeast Asia's food delivery market is growing, but nothing like China | KrASIA

KEY STAT | Southeast Asia&#8217;s food delivery market is growing, but nothing like China

Trip.com secondary listing to raise USD 1 billion

Baidu

Bilibili

Baidu and Bilibili are also reportedly planning secondary listings in Hong Kong.

Julianna Wu

KEY STAT | China accelerates digital currency trials before national holiday

KEY STAT | Kuaishou prepares for the biggest IPO since Uber

KEY STAT | Gaming firm Razer issues profit alert for FY2020

KEY STAT | WeChat health code served 800 million to track COVID-19

China’s tech giants must navigate new antitrust rules on investments

KEY STAT | Didi is stepping up vaccinations of its drivers in Beijing

KEY STAT | Alibaba’s workplace messaging app reaches 400 million users

KEY STAT | Southeast Asia’s food delivery market is growing, but nothing like China

KEY STAT | Trip.com also considers ‘homecoming’ listing in 2021