KrASIA | Spotlighting Asia’s next wave of innovations
WEBKrASIA 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.
The top six Chinese coffee companies in 2020 bringing caffeine
WEBApr 16, 2020 · The company currently has over 4,300 locations nationwide as of December 2019, and it is aiming for 6,000 locations by 2022. The companies keeping China caffeinated. Among the new coffee companies in China that have joined the race to challenge Starbucks, Luckin is the most well-known, with more than 4,500 stores as of December 2019.
iQiyi streams forward in Southeast Asia with niche content and ...
WEBMay 6, 2021 · Founded in 2010, Beijing-headquartered iQiyi is one of the biggest on-demand video platforms in the world. Its users spend around 8 billion hours watching videos on iQiyi each month.
51World‘s earth cloning tech secures backing from Chinese
WEBAug 21, 2024 · 51World, a Beijing-based digital twin technology company, has raised RMB 200 million (USD 28 million) in a pre-IPO funding round, according to 36Kr. This latest investment marks a significant milestone for the company, which has previously attracted backing from notable investors such as Lightspeed China, Sky9 Capital, Star VC, …
From roadside stand to a global franchise: The rise of Mixue
WEBJul 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 people, to commanding a business empire ...
This conversational AI startup helps firms in Myanmar drive sales ...
WEBDec 29, 2020 · Building turnkey AI solutions will be one of our 2021 plans,” he added. This article is part of KrASIA’s “Startup Stories” series, where the writers of KrASIA speak with founders of tech companies in South and Southeast Asia. Within two years, Expa.ai has processed over 43 million conversations for companies like Samsung, Unilever, and ...
Meituan plans grocery retail business expansion to cover 1,000
WEBSep 4, 2020 · China’s largest food delivery company Meituan-Dianping (HKG: 3690) will expand its grocery retail business, called Meituan Youxuan, to 1,000 cities and towns in 20 provinces across China in three months, and later to smaller cities and counties, according to a press release of the company on Thursday. Meituan launched its …
Meet BBK, the world’s largest phone maker that you’ve ... - KrASIA
WEBMar 4, 2021 · By viewing Oppo, Vivo, and Realme as part of the same group, BBK is the world’s largest smartphone maker, with a 19% market share in 2020, per recent data by Counterpoint Research. The three brands sold 262.7 million units in 2020, outperforming bigwigs such as Samsung and Huawei.
As Shopee expands aggressively around the world, will it ... - KrASIA
WEBJan 12, 2022 · The 2020 edition of “The Forrester Readiness Index: eCommerce” indicates that Brazil and India both hold immense retail opportunities, with GDP per capita, disposable income, and internet coverage all with room for growth. The report’s authors go on to suggest that the two countries hold the world’s strongest positive e-commerce outlook.
Transsion taps on Africa expertise to challenge smartphone rivals …
WEBDec 8, 2023 · Transsion has maintained a relatively stable market share in Africa, which has hovered around 40% in the past two years. Beyond the continent, Pakistan and Bangladesh have also emerged as key markets for Transsion, with market shares of 37.9% and 21.5% respectively in 2022. These regions form the cornerstone of …