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Zhejiang-registered Rein Hytec has terminated its IPO guidance process with Guotai Haitong and Orient Securities after eight phases, citing strategic …

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Zhejiang-registered Rein Hytec has terminated its IPO guidance process with Guotai Haitong and Orient Securities after eight phases, citing strategic and capital planning considerations.

Hong Kong Exchanges and Clearing reported a Q1 2026 profit attributable to shareholders of HKD 5.188 billion, a 27% YoY increase. Revenue and other income reached HKD 8.203 billion, up 20% from the same period last year. The company attributed the growth to higher trading and clearing fees driven by increased volumes in the spot and commodities markets.

MinoSpace has completed its IPO guidance and inspection process, according to the CSRC. The commercial satellite company engaged Haitong Securities to oversee the regulatory filing process.

<a href="/company/tencent">Tencent's</a> Hy3 preview model secured the top spot on OpenRouter's global API call volume leaderboard on April 29. The model also ranked first in tool usage and second in programming categories.

<a href="/company/tencent">Tencent</a> has launched a "copilot mode" for its Ima AI product. The agentic tool helps users manage, query, and analyze personal information assets by building a structured, evolving memory system across documents and web content.

<a href="/company/geely">Geely</a> reported a Q1 2026 net profit attributable to owners of the parent of RMB 4.17 billion, a 27% YoY decline. The company attributed the drop to foreign exchange fluctuations compared to the same period last year. Despite the profit dip, revenue grew 15% YoY on total sales of 709,358 units, driven by strong exports and higher-value product sales.

<a href="/company/xiaomi">Xiaomi's</a> next-gen Xring O3 chip features a prime core clock speed of 4.05 GHz and a redesigned three-cluster architecture. According to database leaks, the chip will debut in the China-exclusive Mix Fold 5. Compared to the O1 model, O3 reportedly increases efficiency core frequency by 68% and GPU frequency by 25%.

<a href="/company/insta360">Insta360</a> reported Q1 revenue of RMB 2.48 billion, up 83% YoY, while net profit halved to RMB 84.62 million as R&amp;D spending jumped to RMB 465 million, exceeding profit. Founder Liu Jingkang said investment is focused on new products, custom chips, and AI amid escalating competition and litigation with <a href="/company/dji">DJI</a>.

<a href="/company/geely">Geely</a> has unveiled the Galaxy Starship 7 EV, an electric SUV featuring the Flyme Auto system. The vehicle offers two battery options, providing a maximum range of 605 kilometers. It is powered by a 160-kilowatt front-mounted motor and features a drag coefficient of 0.278.

Agibot has placed new production orders for over 10,000 humanoid robots, according to internal sources. The company, which utilizes an asset-light model, has engaged Lingyi iTech to handle manufacturing for its Expedition and Lingxi series.

Researchers at the Shanghai Advanced Research Institute are moving technology that converts carbon dioxide into aviation fuel from the laboratory toward large-scale production. The development follows a surge in global jet fuel prices, which exceeded USD 200 per barrel in April.

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The AI boom is lifting stocks to record highs, while the Strait of Hormuz closure is pushing up oil prices.

Asia's great disconnect: Markets boom as Iran war fuels cost of living crisis

Asia&#8217;s great disconnect: Markets boom as Iran war fuels cost of living crisis

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Market constraints still limit its ability to match the scale of global luxury leaders.

After a breakout year, can Laopu Gold become China’s answer to Hermes?

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Image shows Lightelligence’s Pace 2 accelerator card.

Investors are tracking photonics-based systems as demand grows for faster, denser, and more efficient AI infrastructure.

Lightelligence debuts in Hong Kong as optoelectronic computing gains traction

IPO Zaozhidao is a Chinese media outlet that provides timely coverage of IPO developments and related market signals.

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Rein Hytec halts IPO guidance

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Asia’s great disconnect: Markets boom as Iran war fuels cost of living crisis

After a breakout year, can Laopu Gold become China’s answer to Hermes?

Lightelligence debuts in Hong Kong as optoelectronic computing gains traction