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 people, to commanding a business empire ...
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.
Rethinking Southeast Asia: Why it’s not the next China or India
Oct 9, 2024 · Venture capital firm Lightspeed urges a recalibration of strategies in Southeast Asia, pointing out critical misjudgments in comparing its growth trajectory with China and India.
Alibaba to take on Coupang with USD 1.1 billion investment in …
Mar 30, 2024 · China’s Alibaba Group will invest USD 1.1 billion over the next three years to create a logistics network in South Korea, aiming to take on local e-commerce giant Coupang by leveraging low prices and speedy deliveries.
The top six Chinese coffee companies in 2020 bringing caffeine
Apr 16, 2020 · Chinese coffee companies have an enormous market in their backyard, where consumption grew at a compounded rate of 15% for the past decade and was estimated to be worth RMB 100 billion (USD 14.2 billion) in 2018, according to Jingdata, the insights arm of local tech media outlet 36Kr.. Now, there are more than 330 million coffee-drinkers in China as of June 2019, roughly 24% of the country’s ...
About us - KrASIA
Founded in 2017, KrASIA is a tech media platform that covers news from the tech and startup ecosystems in Asia. From fundraising news to analysis of the latest tech trends, we help our audience keep up with the developments of the regional tech scene and the next wave of innovators who challenge the status quo.
ChatGPT maker OpenAI expands into Singapore, targets APAC …
Oct 9, 2024 · OpenAI is making a major push into the Asia Pacific region with plans to open its first office in Singapore. Announced on October 9, this move highlights the company’s intent to strengthen partnerships with governments, businesses, and institutions in one of the world’s fastest-growing AI markets.
Insights Archives - KrASIA
Insights. TikTok Shop’s GMV soared in 2023, putting Shopee and Lazada on edge. With GMV skyrocketing to USD 16.3 billion in 2023, TikTok Shop is shaking up Southeast Asia’s e-commerce market, giving Shopee and Lazada a run for their money.
Molly Tea isn’t rushing into China’s tea wars—could that be the …
Oct 10, 2024 · For now, Molly Tea seems well-positioned to continue its cautious expansion, with Zhang eyeing both domestic and international growth. But as China’s tea market becomes increasingly saturated and the novelty of new-style tea wears off, the real challenge will be maintaining consumer interest.
GAC Aion opens new factory in Thailand, eyes overseas growth
Jul 24, 2024 · On July 17, Chinese electric vehicle maker GAC Aion celebrated the grand opening of its new factory in Rayong, Thailand, marking a significant milestone in its Southeast Asian expansion.