KrASIA | Spotlighting Asia’s next wave of innovations
KrASIA reports the most promising trends and businesses across the tech and startup ecosystems in the Asia Pacific. Uncover the next wave of innovations with us.
Cotti Coffee maps out plan to make coffee a daily staple in China
2024年12月6日 · Currently, Cotti has built a supply chain base in Anhui, covering a total construction area exceeding 360,000 square meters. Equipped with fully automated production equipment, Cotti said the base can meet the supply needs of …
Nio and Xpeng’s in-house chips enter tapeout phase, paving way …
2024年7月17日 · In-house chipmaking has its pros and cons—how might Nio, Xpeng, and other automakers benefit from developing their own intelligent driving chips?
Deals in brief: Alibaba’s Trendyol explores USD 1 billion raise, …
2024年12月2日 · Alibaba’s Trendyol tests waters for USD 1 billion funding. Trendyol, Turkey’s largest e-commerce platform, is exploring a USD 1 billion funding round as it eyes expansion opportunities, according to Bloomberg.Discussions are said to remain preliminary, with the company gauging potential investor interest for a formal raise, which could start as early as …
Maextro S800: Huawei’s audacious bid to win the luxury EV market
2024年12月3日 · The luxury electric vehicle Maextro S800, co-developed by Huawei and JAC Group, has finally been unveiled, sparking debate with its price range of RMB 1–1.5 million (USD 140,000–210,000) and design.
Mini dramas, new memberships fuel iQiyi’s growth push
2024年12月3日 · On November 21, Nasdaq-listed iQiyi released its unaudited financial report for the third quarter, which ended September 30, 2024. For the quarter, iQiyi reported total revenue of RMB 7.2 billion (USD 1 billion).
Taobao’s overseas GMV tops USD 20 billion, free shipping plays …
2024年12月10日 · Among leading e-commerce players, Alibaba distinguishes itself with the broadest global presence, spanning diverse markets. While this scale introduces greater management complexity, it enables highly localized operations tailored to specific regional needs.
Li Auto leans into end-to-end autonomy with smart driving overhaul
2024年12月9日 · Li Auto is rejigging its smart driving division to accelerate the deployment of its end-to-end (E2E) solution. Senior executive Xia Zhongpu has been appointed to lead Li Auto’s E2E smart driving production efforts, reporting directly to Lang Xianpeng, the head of smart driving at Li Auto.
Douyin E-commerce clarifies ad revenue rumors amid online …
2024年12月4日 · A short video has recently been circulating online, alleging that Douyin E-commerce achieved RMB 2 trillion (USD 280 billion) in gross merchandise value (GMV) and generated RMB 400 billion (USD 56 billion) in ad revenue, accusing the platform of imposing significant financial burdens on merchants.
Disney leans on localization to win over China and APAC audiences
2024年12月12日 · On November 20, The Walt Disney Company unveiled its long-awaited entertainment slate for the Asia Pacific region, setting the stage for a packed release schedule through 2025 and beyond.