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

Electric Vehicles

Jia Yueting, founder of formerly highflying technology conglomerate LeEco Holdings, has been fined USD 36.81 million by Chinese regulators over false and inadequate financial disclosures in the 2010 IPO of its video streaming unit in Shenzhen and other fundraisings.The fine comes as Faraday Future, a California-based electric vehicle maker that was backed by Jia and LeEco, is in the midst of a USD 1 billion deal to list on the Nasdaq Stock Market through a merger with a special purpose acquisition company (SPAC) called Property Solutions Acquisition Corp.

China fines SPAC-linked fallen tech tycoon USD 37 million over IPO fraud | KrASIA

Home

China fines SPAC-linked fallen tech tycoon USD 37 million over IPO fraud

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

KrASIA

As part of 36Kr’s ongoing partnership with Nikkei, you can read selected content from Nikkei Asia on KrASIA.

https://secure.gravatar.com/avatar/aec5e55596415464d13490d0e0caa9a2?s=96&d=mm&r=g

Nikkei Asia

Pressured by the ruling Communist Party at home and the US administration abroad, Chinese startups have begun rethinking plans to go public in anticipation of further obstacles down the road.The impact is especially pronounced on the Shanghai Stock Exchange's Star market, where 88 companies, including some of China's most promising unicorns, have suspended or canceled planned initial public offerings over the first three and a half months of 2021.

88 tech startups ditch China IPOs in 2021 as headwinds mount | KrASIA

88 tech startups ditch China IPOs in 2021 as headwinds mount

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

Didi

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

Ride-hailing

Didi Chuxing, China's top ride-hailing company, is preparing an initial public offering in the US, Nikkei has learned. The IPO is expected to value the company at around USD 70 billion to USD 100 billion. Didi is expected to use the billions of dollars it stands to gain from the IPO to fund a global expansion.

China's Didi prepares for IPO in US, sources say | KrASIA

China&#8217;s Didi prepares for IPO in US, sources say

Chinese companies raised USD 4.4 billion on the New York Stock Exchange and the Nasdaq Stock Market through April 7 compared with just USD 807 million over the same period last year, according to data compiled by Dealogic.

Record pace of Chinese listings in US shows signs of strain | KrASIA

Record pace of Chinese listings in US shows signs of strain

Battery

Company touts improved safety and performance in move to expand battery business.

China's BYD to equip all its EVs with in-house batteries | KrASIA

China&#8217;s BYD to equip all its EVs with in-house batteries

Japan, Korea, and the West

Samsung

5G is a commonly used term for certain advanced wireless systems. Industry association 3GPP defines any system using "5G NR" software as "5G", a definition that came into general use by late 2018. 

Smartphones

Top memory chipmaker overcomes losses from Texas plant idled in winter storm.

Samsung 1Q profit jumps 44.2% on strong smartphone sales | KrASIA

Samsung 1Q profit jumps 44.2% on strong smartphone sales

Investment

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

US investment company KKR on Tuesday said it raised USD 15 billion for its fourth Asia fund, making it the largest private equity fund in the Asia-Pacific region.The vehicle is more than 60% larger than its immediate USD 9.3 billion predecessor, which was raised in 2017, and brings KKR's total assets under management in Asia to over USD 30 billion

KKR raises USD 15 billion for largest Asia fund | KrASIA

KKR raises USD 15 billion for largest Asia fund

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

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

Xiaomi

Leading Chinese smartphone maker Xiaomi is ramping up its investment in chips as the US clampdown on compatriot Huawei Technologies spurs a national campaign to reduce China's reliance on foreign technology.Xiaomi bought or significantly increased stakes in at least 34 Chinese chip-related companies from 2019 through this March, a Nikkei Asia analysis of business data shows. It also added stakes in nearly 25 other tech hardware companies beyond semiconductors. The targets include chip developers and chip equipment makers, startups as well as makers of advanced displays, camera lenses and automation, and precision equipment.

Huawei rival Xiaomi ramps up chip ambitions amid US pressure | KrASIA

Huawei rival Xiaomi ramps up chip ambitions amid US pressure

Semiconductors

TSMC. is asking clients to accept higher prices as it ramps up investment to deal with a "structural and fundamental increase" in chip demand.C.C. Wei, TSMC's CEO, told clients in a letter seen by Nikkei Asia that the world's biggest contract chipmaker plans to invest USD 100 billion over the three years through 2023 in advanced semiconductor technologies, according to the letter. TSMC this year announced record high capital expenditure of up to USD 28 billion for this year alone.