Cainiao offloads e-commerce duties to Alibaba to double down on ...
Jan 16, 2025 · Cainiao is undergoing a major organizational restructuring to sharpen its focus as a specialized logistics company. The changes aim to reinforce Cainiao’s operational excellence in its core logistics services while transferring e-commerce-aligned responsibilities to Alibaba’s other business groups, 36Kr has learned. A key component of the restructuring involves moving …
Fresh faces, bold results: DeepSeek’s rise in AI | KrASIA
Jan 13, 2025 · With its young team defying convention, DeepSeek’s latest V3 model signals that its bold approach might be yielding results.
China’s collectible card craze: Kayou and major IPs drive a growing ...
Nov 14, 2024 · Inside a Kayou flagship store in Beijing on a weekend, young visitors peruse thick binders filled with collectible trading cards from diverse IPs.
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.
Nintendo to end online services for Chinese Switch users by 2026
Nov 27, 2024 · The Chinese version of the Nintendo Switch eShop and other network-related services will begin phasing out on March 31, 2026, according to an announcement released on November 27 by Nintendo.
Huya and Douyu’s rivalry could end in merger as Tencent steps in
Sep 24, 2024 · After years of rivalry, it seems the merger between China’s two top game streaming platforms, Huya and Douyu, is only a matter of time. Sources told 36Kr that Tencent’s investment team has already met with senior executives from both Huya and Douyu to discuss the merger. While no specific dates or details have been confirmed, the deal appears to be …
Pop Mart’s Labubu breaks records in Thailand—can the trend go …
Oct 30, 2024 · Pop Mart’s international business head, Wen Deyi, attributes this success to a combination of timing and strategy. The timing, Wen explained, came down to Lisa’s endorsement and Thailand’s tourism revival following the pandemic.
How Shein’s strategy pushed it past H&M, Zara, and the rest
Nov 4, 2024 · In September 2024, Shein became the world’s most visited fashion and apparel website, according to data from Similarweb. With a global web traffic share of 2.68% for the third quarter, Shein outpaced major players like Nike, H&M, and …
Can China’s NEV boom keep its charge in 2025? | KrASIA
Dec 20, 2024 · 36Kr has obtained preliminary 2025 sales forecast guidelines for several new energy vehicle (NEV) manufacturers from industry insiders:. Nio is aiming to double its sales in 2025, according to CEO William Li, a goal corroborated by industry sources. The Onvo brand is expected to contribute approximately 240,000 units. From January to November this year, Nio …
From roadside stand to a global franchise: The rise of Mixue
Jul 25, 2023 · In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores.Zhang Hongchao, together with his younger brother Zhang Hongfu, evolved from running a roadside ice stall in Zhengzhou, a city of 10 million …