Hong Kong Stocks Open Lower; Hang Seng Index Falls 0.69%, Tech Index Down 0.72%

Lanshi Technology's Controlling Shareholders Plan to Buy Back at Least 100 Million Yuan in Company Shares

Lanshi Technology's controlling shareholders plan to invest at least 100 million yuan in A-shares through centralized bidding, showing confidence in the company's future and protecting minority shareholders' interests.

Adata and Jay Chou raking in big money? GD’s talent agency secretly meets with Dubai’s royal family to discuss an IPO, AI, and robots

South Korean entertainment technology company Galaxy Corporation has recently moved into the Middle East market, established the Dubai entity “Galaxy ME,” and met with members of the UAE royal family to explore the integration of AI and content. The company has selected an underwriter to carry out its IPO; last year, revenue reached 300 billion Korean won, and it has attracted investments from Jay Chou and Adata, among others. This move is intended to drive the development of the Middle East entertainment ecosystem and underscores the importance of its globalization strategy.

SpaceX Accelerates Stock Vesting Ahead of Potential IPO

SpaceX has moved employee stock award vesting from May to April ahead of a planned IPO, targeting a valuation above $2 trillion. The changes could impact employees’ tax liabilities and financial risk, as many hold substantial equity in the company.

Together with TSMC, Darfon is moving into optical communications. Dali Guang Lin Enping is too honest! He even said publicly that CPO is still a long way off, and the stock price plunged 7%.

Largan Precision has recently moved into AI data center co-packaged optics (CPO) technology, which has attracted market attention. However, at a shareholder meeting, Chairman Lin En-ping said that it is actually still in the preparation stage, and that mass production is still one to two years away, leading to an approximately 7% drop in the stock price. The company is currently focused on developing fiber array components, emphasizing the opportunity for rapid alignment of emerging technologies.

Circle Stock Falls After $280M Drift Protocol Hack Lawsuit Filed

Circle Internet Group's stock fell 1% after a class action lawsuit alleged it failed to prevent $230 million in stolen USDC during the Drift Protocol exploit. The lawsuit questions Circle's ability to halt the attackers' transactions, raising issues of responsibility for stablecoin issuers in breach scenarios.

Chinese Optical Chip Maker Yuanjie Semiconductor Becomes China's Highest-Priced A-Share Stock, Surpassing Kweichow Moutai

Yuanjie Semiconductor Technology has become China's highest-priced A-share stock, reflecting a shift toward innovation. The company’s revenue surged 138.5%, driven by data center growth, making it a major player in the optical chip market.