Connecting the Stars Connecting mountains and seas, so journeys are no longer distant. Connecting sky and earth, so information breaks every boundary. Connecting industries, so innovation keeps growing. Connecting the future, so dreams will eventually arrive. With the success of the ZQ-2E Y6 launch mission, Spacesail’s SPACESAIL DTC 01 and @ChinaMobile_X CMCC-02 have been precisely deployed into their designated orbits. As the creator of China's commercial space transportation systems, LandSpace delivers satellites to space — while also connecting communication networks, satellite internet, and the evolving needs of commercial space. Together, they provide continuous support for an integrated space-ground network. As more satellites rise into orbit, it’s not just signal coverage that expands — it’s our capacity to connect the world. From connecting each other, to connecting everything. From connecting the Earth, to connecting the future. Humanity’s gaze of exploration will always reach beyond the horizon. 
Connecting the stars. ✨

Optics Valley of China is gearing up for the 6G era! 📡 China Mobile Hubei Branch and its industry partners will jointly build a 6G industrial pilot zone in #OVC#, with three major innovation facilities planned by 2027 to support R&D, testing & applications. #OVCInnovation#

Moonshot AI Targets $5 Billion IPO at $50 Billion Valuation According to DIGITIMES, Chinese AI startup Moonshot AI, developer of Kimi, is targeting a $5 billion Hong Kong IPO in Q1 2027, following a private valuation increase to $50 billion The company reportedly generates $1 billion in annual recurring revenue, projected to reach $2 billion by December 2026, implying a valuation of 25x projected ARR However, Moonshot faces an ongoing ownership dispute involving claims potentially exceeding $700 million, alongside Chinese data security scrutiny that could complicate its IPO The company is backed by Alibaba, Tencent, Meituan, and China Mobile

Hollow core had a good week in English. I spent it reading three Chinese write-ups from one forum in Shenzhen, and they are more specific about the technology than anything I have read on it this year. Same stage, 11 September, three speakers, all three write-ups published within half an hour of each other. The buyer first. Han Liuyan of China Mobile's research institute calls anti-resonant hollow core a complete disruption of optical communications, and says loss reduction is essentially finished and now sits far below the solid-core limit. Then he lists what is not finished. CO2 absorption badly hurts transmission and the two known fixes, sealing and positive pressure, are in his words neither an ultimate solution. The loss spectrum is rougher than solid core and degrades after transmission. Hollow-core fibres with different cladding unit counts have high connection loss and are not suited to being mixed at random. He had good news too: two years of monitoring on the Wuxi line, gas evenly diffused, fibre and splice loss stable, without purging. Then the standards body. Ao Li, a vice president of CAICT, listed five engineering problems. The first is the one I keep coming back to. A single preform draws less than 100 kilometres. Lifetime cannot yet be assessed. In live networks splice time is long and loss is high, and construction and maintenance norms do not exist yet. Then the toolmaker, which is the part nobody covers. Fujikura's Zhao Lin: hollow core has an internal microstructure, so splicing needs rotational alignment and the structure must be kept from collapsing. Conventional four and six-motor splicers align cladding or core only. Hollow core needs an eighth motor. That is a specialist machine, and it is not what is in the vans. Now put the preform number next to the volumes. CAICT puts global hollow-core demand at 800 thousand fibre-km in 2030, from a market it says is still at pilot stage. At under 100 km a preform, that is more than 8,000 preforms. Microsoft's 15,000 km is more than 150, and more again if that figure is route rather than fibre. That one line explains something I had filed as a curiosity: why the most motivated hollow-core buyer on earth stopped trying to scale the company it bought and hired Corning and Heraeus instead. Corning draws it in North Carolina. Then the clock. ITU-T opened its first hollow-core project in July, two months ago, and its scope covers interoperability, deployment and maintenance, which are precisely what the buyer and the standards body flagged. For calibration, the multicore items opened in March 2025 and are expected to publish in 2028. So here is what I take from it. Between now and a standard, the money in hollow core is not in the fibre design, because the design is the part they say is working. It is in preform and draw capacity, and in the splicer. Corning is paid on both new-fibre routes at once, drawing Microsoft's hollow core in Carolina and co-founding the four-core group in March alongside Sumitomo Electric, Fujikura and TeraHop. The disruptor is paying the incumbents to industrialise it. What would change my mind is a preform length. If anyone shows a draw well past 100 km at usable yield, five problems collapse to two and the timeline moves in. Until then I read hollow core as a datacentre and campus product, where runs are short and splices are few, and not yet as a long-haul one. $GLW $MSFT

50 trending stocks, in 5 words or less: $AAOI 800G transceivers through 2027 $ADEA patent licensing royalty machine $AEHR silicon carbide test monopoly $AEVA 4D FMCW lidar patents $ARBE 4D imaging radar leader $ATOM MST semi enhancement IP $BRUN GPU cloud infrastructure scale $COHR photonics wiring every AI cluster $DERM dermatology specialty pharma $DOCN developer cloud with GPUs $ENVX silicon battery patent fortress $FLNC grid storage contracted backlog $FNGR China mobile data niche $GFS US trailing edge foundry $GNLX oncolytic virus immunotherapy $GSIT APU compute for defense $INDI automotive radar/vision semis $IQE compound semi wafer specialist $JOBY eVTOL certification leader $KDK autonomous trucking Kodiak Driver $KULR thermal management for batteries $LASR defense grade fiber lasers $LCID Saudi backed luxury EV $LPK German precision laser systems $LSCC low power FPGA edge $LUNR only public lunar lander $LWLG electro-optic polymer $MBLY vision and ADAS leader $MRAM non-volatile MRAM niche $MRVL custom AI silicon ASICs $NOK 5G optical patent portfolio $ONDS private wireless drone networks $OPEN iBuyer scale real estate $POET silicon photonics interposer tech $PSNL cancer MRD genomics testing $QUIK embedded FPGA for defense $RR service robotics for hospitality $SABS human antibody therapy platform $SERV sidewalk delivery robot fleet $SLNH behind the meter power $SLS cancer immunotherapy pipeline $SOUN voice AI for enterprise $SYM Walmart warehouse automation $TDIC IP event AI pivot $TGEN distributed natural gas power $VELO aerospace metal 3D printing $VLN in-car connectivity chipset $VPG precision sensors for robotics $VNET China AI data centers $WOLF silicon carbide power restructure Which tickers do you want me to chart? Gonna have to update this daily! 🫡📈

🔥2026 Speaker Lineup & Agenda Unveiled🔥 Now in the 4th year, #Web3Festival# will once again bring tens of thousands of Web3 professionals and investors, and has set the agenda for TradFi and crypto finance, AI + Web3, and #RWAs#. 🏆@WXBlockchain, @HashKeyGroup 🗓️20-23 April |📍HKCEC 🎫Tickets: —————————————————————— 01 /✨Speaker Lineup 🤵Paul CHAN Mo-po - Government of HKSAR 🤵YIP Chee Hang - Securities and Futures Commission 🤵Xiao Feng - @WXblockchain & @HashKeyGroup 🤵Duncan Chiu, Legislative Council Member 🤵Zhao Yao - National Institution for Finance & Development 🤵@LennixOKX - @okx 🤵@EmanAbio - Mysten Labs @Mysten_Labs 🤵‍♀️@calilyliu - @SolanaFndn 🤵@joechalom - @Sharplink 🤵@FrancisBZhou - @Quantum_SKK2338 🤵Abdelhamid Bizid - @BlackRock 🤵Phil Kang - ZR Financial Group 🤵@ysiu - @animocabrands 🤵Bugra Celik - HSBC 🤵Robert Lui - @DeloitteChina 🤵DIAO Zhihai - CICC 🤵Chris Lee - @ChinaAMC_HQ 🤵Gavin Wang - @snzholding 🤵@DavidKChuenLEE - @GFIfintech 🤵Min Lin - @OndoFinance 🤵Ru Haiyang - @HashKeyExchange 🤵‍♀️Anna Liu - HashKey Tokenisation 🤵DC - @HashKey_Capital 🤵‍♀️@thisisRita_Liu - @RD_Technologies 🤵@linyao01 - @arkreen_network 🤵@FranklinBi - @PanteraCapital 🤵@henriquecentiei - Maverick Capital 🤵John Cahill - @galaxyhq 🤵@0xLivio - Bitfire 🤵Zhang Yufan - NewTrails Capital 🤵‍♀️@CryptoCWU - @Matrixport_EN 🤵Arda Senoz - @AlchemyPay 🤵Andrew Fei - @kwmlaw 🤵‍♀️@lanarative - Sina Finance 🤵Chen Shanlong, @XDCNetwork 🤵Ben Zhai - 🤵Raj Kamal - @getTransFi 🤵‍♀️@CryptoQiao - JunHe LLP 🤵‍♀️@pattytu2 - China Mobile (Hong Kong) 🤵@EricChenHKR- Hong Kong Robotics Group 🤵Zhang Baolong - @Finanx_AI 🤵‍♀️@ivypeng_80 - Zillion Intelligence 🤵‍♀️Shukyee Ma - @plumenetwork 🤵@longwinsk - @HashGlobal