KrASIA

Welcome to KrASIA, a digital media platform that focuses on the most exciting technology-driven companies and trends in the Asia-Pacific area. Our foundation is built on 36Kr, a top news source for technology and business in China. The swift digital transformation in China has significantly impacted daily life, creating new opportunities and conveniences that many never thought possible. This remarkable change has been fueled by bold entrepreneurs and supported by savvy venture capitalists.

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Tesla eyes 2025 comeback with three-pronged growth strategy | KrASIA

1 month ago | kr-asia.com

After a sluggish 2024, Elon Musk’s Tesla is doubling down on three key areas to turn the tide.
Driver’s diary: A loyalist on why he’s owned 19 BMW cars—and counting | KrASIA

1 month ago | kr-asia.com

A long-time BMW owner reflects on two decades with the brand, from driving dynamics to luxury features and what keeps him coming back.
E-commerce faces a new frontier amid TikTok’s trials and Temu’s rise | KrASIA

2 months ago | kr-asia.com

TikTok’s struggles set a precedent for Chinese cross-border platforms like Temu and Shein as global markets fracture.
Temu’s rise forces a rethink about Amazon’s grip on global e-commerce | KrASIA

Jan 20, 2025 | kr-asia.com

After underestimating Pinduoduo, Amazon is acutely aware of the growing threat posed by Temu.
AI video generation just got faster and cheaper with Shengshu’s Vidu 2.0

Jan 16, 2025 | kr-asia.com | KrAsia Connection

Shengshu Technology has rolled out Vidu 2.0, the latest version of its video generation platform, designed to make content creation faster, easier, and more affordable. The update enables users to generate video clips in as little as ten seconds while cutting costs by more than half compared to industry averages. Central to Vidu 2.0 is Shengshu’s universal vision transformer (U-ViT) model, combined with its proprietary full-stack interference accelerator.
Uncertainties cloud China's 2025 IPO prospects

Jan 15, 2025 | kr-asia.com | Nikkei Asia

The outlook of China’s onshore IPOs remains uncertain for 2025 following a record-low in fundraising deals in 2024. For the full year, Chinese mainland stock markets were expected to raise RMB 68 billion (USD 9.32 billion) through 101 IPOs, according to Deloitte China. This is a 68% drop in value from 2023 and far less than the range of between RMB 267–317 billion (USD 36.6–43.4 billion) estimated by the financial services provider in December 2023.
Xiaohongshu tops Apple’s US app store as TikTok ban looms

Jan 14, 2025 | kr-asia.com | KrAsia Connection

On January 14, Xiaohongshu, a Chinese lifestyle app, reached the top of download charts in Apple’s iOS App Store. This might be the first time an app named entirely in Chinese characters has achieved such a ranking in the US. The app’s unexpected rise has captured attention on both sides of the Pacific. Chinese users logging into Xiaohongshu were greeted with an influx of English-language posts tagged with US-based IP addresses, sparking a mix of amusement and confusion.
China weighs selling TikTok’s US operations to Elon Musk as ban nears

Jan 13, 2025 | kr-asia.com | KrAsia Connection

The Chinese government is considering selling TikTok’s US operations to Elon Musk, Bloomberg first reported on January 13. This contingency plan is one of several options being debated as ByteDance, TikTok’s parent company, faces a looming January 19 deadline to divest its US business or face an outright ban. The report highlights that the plan is still in its early stages, with Chinese officials yet to reach a decision.
Consumption in Japan expected to slowly recover in 2025

Jan 13, 2025 | kr-asia.com | Nikkei Asia

Japan’s private consumption is showing signs of growth and is projected to rise through 2025 to get back to pre-Covid-19 levels. But inflation will polarize spending trends as many consumers opt to treat themselves with the occasional luxury item, but continue to be thrifty over everyday purchases.
Squid Game sequel puts China’s counterfeit struggles back in focus

Jan 13, 2025 | kr-asia.com | KrAsia Connection

Hidden beneath China’s bright outlook as the world’s second largest economy is a shadowy culture of counterfeiting and imitation. While often dismissed as an unwelcome legacy, counterfeiting has undeniably contributed to China’s economic rise, with counterfeit goods continuing to account for a significant portion of its output.