8:00, 1st Kr: Official Statement on Mercury Found in Cha Ji Beverage, Elon Musk's Claim of Founding OpenAI to Save Humanity, Samsung Family's Wealth Doubles to $300B, Ranks Third in Asia

After investigation, it was found that the foreign object was placed by the purchaser.

Today's Hotspot Guide

Four major anchors left collectively. Dongfang Zhenxuan rewarded more than 400 million yuan worth of shares to 300 employees, with an average of over 1.4 million yuan per person.
Elon Musk's sky - high compensation plan was exposed. The compensation targets include Mars colonization and the construction of a space data center.
From May 1st, Beijing will ban the flight and sale of drones. DJI's stores in Beijing will remove relevant products on April 29th.
The Moments feature has been revamped, and Tencent customer service said it will continue to optimize it.
It is estimated that 158 million passengers will be sent in 8 days. The railway transportation for the "May Day" holiday starts today.

TOP 3 News

Official Announcement on "A Woman in Anhui Claims to Have Drunk Mercury in a Chatime Drink": The Foreign Object Was Placed by the Buyer

On April 28, in response to the issue reported by netizens about "finding mercury in a Chatime milk tea at Dangshan Wanda", Dangshan County immediately established a joint investigation team composed of the county's market supervision and administration bureau, public security bureau and other departments to conduct an investigation. After investigation, no abnormalities were found in the raw materials and production process of the involved Chatime store. The foreign object in the milk tea was placed by the buyer. At present, the relevant evidence has been fixed and sent for inspection. The suspect has been taken into custody by the public security organs, and the case is under further investigation.

According to previous reports, recently in Suzhou, Anhui, a woman claimed to have drunk mercury in a Chatime drink. The store responded that it was impossible for such a thing to exist and was cooperating with the police and the market supervision bureau in the investigation. The client, Ms. Wang, said that she had reported the case to the police and would later file a complaint with the market supervision bureau. The store said it attached great importance to the matter and that everything would be based on the investigation results. (Hongxing News)

Elon Musk Founded OpenAI Only to Save Humanity

The highly - anticipated trial between Elon Musk and Sam Altman, the co - founder and current CEO of OpenAI, began on Monday local time. Musk positioned himself as a "savior of humanity" on the witness stand.

Musk detailed his growth experience, trying to convince the jury that all his business actions are related to the well - being of humanity. He also portrayed himself as a hero concerned about all of humanity in court and implied that Altman is the villain.

He said that he was already worried about AI during his college years, believing that AI is a "double - edged sword", "it can cure all diseases and make everyone prosperous, but it can also kill everyone."

He attributed the outcome of AI to two possibilities: either a "Star Trek" - style utopia or a "Terminator" - style dystopia. He hopes for the outcome inspired by Gene Roddenberry's works rather than James Cameron's. Musk said that this is exactly the original intention for his involvement in founding OpenAI. (IT Home)

AI Creates Wealth: Samsung Family's Fortune Doubles to $300 Billion in a Year, Ranking Third in Asia

On April 29th, according to Bloomberg, the Bloomberg Billionaires Index shows that as of March this year, the total wealth of the Lee family of Samsung has doubled from about $20.1 billion a year ago to around $45.5 billion (approximately 311.1 billion yuan). In 2020, Lee Kun - hee, the head of the Lee family behind Samsung Electronics, passed away, and the family soon faced a double - edged crisis: First and foremost, there was a multi - billion - dollar inheritance tax. The following year, his son, Jay Y. Lee, was imprisoned for bribing former President Park Geun - hye to gain support for his succession.

At that time, some observers speculated that one of the highest - value inheritance taxes in the world might threaten the Lee family's control over the huge Samsung conglomerate. However, more than five years later, the rising valuation of AI - driven semiconductors has instead helped the family consolidate its control and become wealthier than ever before. (Phoenix.com)

Big Companies/Big Events

Four major anchors left collectively. Dongfang Zhenxuan rewarded more than 400 million yuan worth of shares to 300 employees, with an average of over 1.4 million yuan per person

On the evening of April 28, Dongfang Zhenxuan (01797.HK) issued an announcement stating that, in accordance with the 2023 share incentive plan, it granted a total of 19.3014 million shares as rewards to 302 directors, senior executives, and core employees, accounting for 1.82% of the company's issued shares. Based on the closing price of HK$28.44 per share on that day, the total value was approximately HK$549 million.

Notably, according to the announcement, the market value of the shares obtained by 300 employees in this equity incentive is approximately HK$485 million (equivalent to approximately 423 million yuan). The average amount per person is approximately HK$1.6165 million (equivalent to approximately 1.4104 million yuan). The issue price for the vesting of this share reward is zero, and the total vesting period is 3 years, with a uniform unlocking of 1/3 each year. The shares can only be vested upon achieving the annual assessment targets. (21st Century Business Herald)

Elon Musk's Sky - high Compensation Plan Exposed: Goals Include Mars Colonization and Space Data Center Construction

It is reported that the SpaceX board of directors has approved an unprecedented compensation plan that ties the compensation of its CEO, Elon Musk, to the achievement of future goals, including Mars colonization and the construction of a space data center. According to excerpts from registration documents reviewed by the media, the compensation plan approved by the SpaceX board includes: if the company's market value reaches $7.5 trillion and a permanent human settlement with a permanent population of at least 1 million people is established on Mars, Musk will be granted 200 million shares of super - voting restricted stock. If SpaceX reaches another valuation target and builds a data center in space that can provide at least 100 terawatts of computing power, he will receive an additional 60.4 million shares of restricted stock. What does 100 terawatts mean? Last month, Tesla announced that it would cooperate with SpaceX and xAI to build the chip project TeraFab, with the goal of achieving an annual production capacity of 1 terawatt of AI computing power and creating the world's largest chip manufacturing factory. (Caixin)

Beijing to Ban Drone Flights and Sales Starting May 1st, DJI to Remove Related Products from Stores in Beijing on April 29th

A new regulation banning drone flights and sales across Beijing will take effect on May 1st. All DJI stores in Beijing, the leading company in the industry, have also initiated the process of removing products from the shelves. On April 29th, a reporter from Jiemian News learned from a staff member at the DJI Guomao flagship store that after 4:00 p.m. today, all DJI stores in Beijing will stop selling DJI drone products. Before 4:00 p.m., only the DJI Guomao flagship store in Beijing still had some drone models available for a short time, and the prices were the same as those on the official website without any discounts. The above - mentioned staff member told Jiemian News that all drone products in the Beijing area must be cleared from inventory by April 30th, and online platforms have also stopped shipping to Beijing. After May 1st, if users want to buy DJI drones on online platforms, they need to have them sent to addresses outside Beijing. (Jiemian News)

Mass production and implementation: BMW's "New Generation" models are equipped with EVE Energy's large cylindrical batteries

With the mass production and implementation of large cylindrical batteries, BMW's "New Generation" models such as the iX3 and i3, which are equipped with EVE Energy's 46-series large cylindrical batteries, have been released and launched on the market, bringing a new focus to the power battery field. According to incomplete statistics, companies such as CATL and EVE Energy have been continuously exploring cylindrical batteries. In particular, EVE Energy has established the perception in the industry that "large cylindrical batteries = EVE Energy". Against the backdrop of Tesla choosing the 4680 battery and BMW embracing the 46-series large cylindrical batteries, industry insiders expect that by 2030, cylindrical batteries are expected to account for 20 - 30% of the market share.

Powell: Welcomes the Justice Department's Decision to End the Investigation and Will Remain on the Board of Governors After Stepping Down as Chairman

According to Jin10 Data on April 30th, Federal Reserve Chairman Jerome Powell stated that he welcomes the Justice Department's announcement (to drop the investigation into Powell) last Friday. Over the past weekend, the Justice Department provided assurances that it will not restart the investigation unless there is a criminal referral. I will not leave until the Justice Department's investigation is completely over. I will remain on the Board of Governors after May 15th for an undetermined period and will leave the Federal Reserve at an appropriate time. I will serve as a governor in a low - key manner. (Jin10 Data)

The Hong Kong Securities and Futures Commission Enters Xiaohongshu

The Hong Kong Securities and Futures Commission (SFC) announced on April 29 that it has officially launched its official Xiaohongshu account to further expand its online publicity channels and strengthen communication and interaction with the public.

Given the rising trend of fraud - related complaints received by the SFC and the increasing complexity of fraud methods, investor education has become increasingly important. In 2025, the SFC received 898 fraud cases, a 39% increase compared to 2024. In the first quarter of 2026, the number of relevant cases was 222, and the most severe single case involved a loss of over HK$20 million.

Yang Guoliang, the Secretary - General and Chief Governance Officer of the SFC, said that as investment fraud cases become more diverse and complex, the SFC must adopt a proactive and cross - platform communication and publicity strategy to more effectively connect with the public. "We hope to disseminate information in a more vivid way to enhance the awareness and vigilance of investors." (Yicai Global)

Former South Korean President Yoon Suk-yeol Sentenced to 7 Years in Second Instance

On the afternoon of the 29th local time, the Seoul High Court in South Korea delivered a second-instance verdict on cases where former President Yoon Suk-yeol was suspected of using the presidential security department to prevent his own arrest during the "emergency martial law." Yoon Suk-yeol was sentenced to 7 years in prison. Previously, in the first instance of the relevant cases, the court had sentenced Yoon Suk-yeol to 5 years in prison. (CCTV News)

The United States will issue passports featuring a portrait of Donald Trump

The U.S. State Department announced on the 28th that to commemorate the 250th anniversary of the founding of the United States, the department will introduce a batch of limited - edition passports, which will feature a portrait of former U.S. President Donald Trump. According to the pictures provided by the State Department to the media, the inner page of the new passport will have a portrait of Trump, surrounded by the text of the Declaration of Independence and the U.S. flag, with Trump's signature in gold letters below. Another page of the passport will feature a famous painting depicting the Founding Fathers signing the Declaration of Independence. According to State Department spokesman Pigott, this batch of special passports is to "celebrate the 250th anniversary of the founding of the United States." The media quoted State Department officials as saying that the new passports will be available to all U.S. citizens applying for passports after their launch until the supply runs out. The new passports will start being issued soon and can only be processed at the Washington Passport Agency. The media said that it is currently unclear how many new passports will be issued. (Yicai Global)

WeChat Moments Update: Text Moved Above the Pictures, New "Timeline Album" Entry Added

According to IT Home, netizens on social platforms have posted feedback saying that there are obvious changes in the page layout of WeChat Moments. On the "My Moments" page, the text description that was originally on the right side of the pictures has been moved above the pictures, and the display format of the posting date has also been streamlined. In response to this page layout adjustment, Tencent Customer Service said that the change in the text position is an optimization adjustment of the display form, aiming to continuously improve the user's browsing experience. It is reported that the change appears in the iOS 8.0.71 version, and the Android version has not been updated yet. Whether WeChat will make further adjustments based on user feedback remains to be seen. (IT Home)

The left picture shows the Moments layout after the adjustment, and the right picture shows the layout before the adjustment

Railway transportation for the May Day holiday kicks off, with an estimated 158 million passenger trips in 8 days

It is learned from China State Railway Group that on April 29, the railway transportation for the May Day holiday started. The national railway is expected to transport 13.9 million passengers today. The holiday transportation period lasts from today to May 6, a total of 8 days. During the holiday transportation period, the national railway is expected to transport 158 million passengers, with an average of over 12,000 passenger trains operated per day. (CCTV News)

Nvidia executives will meet with executives from Samsung and SK Hynix to discuss cooperation on physical artificial intelligence.

Nvidia executives will meet with executives from Samsung and SK Hynix to discuss cooperation on physical artificial intelligence. (Sina Finance)

Nvidia Spends $130 Million on a 10 - Year Lease in Bangalore to Expand Its Business in India

Nvidia is establishing itself in India through a large - scale office lease deal, highlighting its strong push in the global AI development field. The Indian subsidiary of this chip giant has signed an agreement to lease approximately 760,000 square feet of office space in the Mahadevpura area of Bangalore for 10 years. The value of the deal exceeds $130 million. The lease will take effect on April 1st, 2026, covering 12 floors of the Memphis South Tower under Bagmane Capital. Nvidia has also paid a deposit of over $3.6 million. (Sina Finance)

Apple Plans to Launch Siri Camera Mode and Upgrade Visual AI in iOS 27

Apple plans to embed artificial intelligence more deeply into the iPhone's camera app. In the upcoming iOS 27 operating system, a new Siri mode will be added in addition to the standard photo and video options. According to people familiar with the matter, as part of this adjustment, the company will integrate the "Visual Intelligence" feature currently tied to the "Camera Controls" button into the camera app itself. The people said that this feature, now named Siri, will appear as a new toggle option next to "Photo," "Video," "Portrait," and other existing options. In the upcoming operating system, Apple will redesign this experience with a new shutter button in the style of the Apple Intelligence logo. This will replace the traditional white shooting button used in the current "Visual Intelligence." (Sina Finance)

The three major U.S. stock indexes closed mixed, with Intel up more than 12%

36Kr learned that at the close on April 29, the three major U.S. stock indexes closed mixed. The Dow fell 0.57%, the Nasdaq rose 0.04%, and the S&P 500 index fell 0.04%. Most large technology stocks declined. Microsoft, NVIDIA, and Oracle fell more than 1%, while Tesla, Meta, Apple, and Netflix declined slightly. Intel rose more than 12%, Amazon rose more than 1%, and Netflix rose slightly. Most popular Chinese concept stocks declined. Baidu fell more than 3%, Tiger Brokers and Dingdong Maicai fell more than 2%, XPeng Group and Zhihu fell more than 1%. iQiyi rose more than 4%, and NetEase rose more than 1%.

The Federal Reserve announced for the third consecutive time this year to keep interest rates unchanged

The U.S. Federal Reserve announced on the 29th that it will continue to maintain the target range of the federal funds rate between 3.5% and 3.75%. This decision to keep interest rates unchanged for the third consecutive time this year is in line with market expectations. The Fed said in a statement that recent indicators show that economic activity is expanding steadily, new employment remains generally low, and the unemployment rate has changed little in recent months. Inflation remains high, partly due to the recent rise in global energy prices. (CCTV News)

Anthropic is considering a new round of financing at a valuation of over $900 billion

People familiar with the matter revealed that Anthropic is weighing a new round of financing, and the valuation of this artificial intelligence developer in this round of financing will exceed $900 billion. The company is considering offers from investors, which will more than double its current valuation. The relevant considerations are still in the early stage. Anthropic has been seeking more infrastructure to meet the growing demand for its products. These new discussions come at a time when the company's AI software has achieved a breakthrough success and is vigorously promoting financing. (Caixin)

Going public

Inovance Technology

36Kr learned that Inovance Technology issued an announcement stating that the company submitted an application to The Stock Exchange of Hong Kong Limited on April 28, 2026, for the issuance of overseas - listed shares (H - shares) and listing on the Main Board of the Hong Kong Stock Exchange. On the same day, the application materials for this issuance and listing were published on the website of the Hong Kong Stock Exchange. The company's issuance and listing this time still require the filing, approval or authorization from relevant government agencies, regulatory bodies, and stock exchanges such as the China Securities Regulatory Commission, the Hong Kong Securities and Futures Commission, and the Hong Kong Stock Exchange. There is still uncertainty about this matter.

Beijing Daina Experimental Technology Co., Ltd.

36Kr learned that according to documents from the Hong Kong Stock Exchange, Beijing Daina Experimental Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China Merchants Bank International and Guojin Securities (Hong Kong).

Wuhan Juxin Microelectronics Co., Ltd.

36Kr learned that documents from the Hong Kong Stock Exchange show that Wuhan Juxin Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are Guotai Haitong and CITIC Securities.

The Cutting - Edge of AI

Estimated Cost of Using Claude Code Doubled

Anthropic has recently significantly increased the publicly disclosed cost estimate of Claude Code. The expected cost of Tokens consumed by enterprise - level developers and almost all ordinary users on Claude Code has been raised to more than twice the original amount. The latest information on the official website of Claude Code shows that "in enterprise - level deployment, the average cost per developer is about $13 per active day, and 90% of users have a cost of less than $30 per active day." However, before April 16th, the estimated data provided on this page was that the cost per developer per active day was $6, and 90% of users had a cost of less than $12 per active day. (Caixin Press)

OpenAI Strongly Responds to Growth Doubts: All Businesses "Running at Full Speed"

On Tuesday (April 28) local time, OpenAI responded to external doubts about its sales growth. Previously, there were reports that this AI startup had failed to meet its internal targets. In a statement, OpenAI said that both its consumer - facing and enterprise - facing businesses are "firing on all cylinders" (which means "all cylinders of the engine are firing"). OpenAI stated that the demand from enterprise customers continues to grow, and its advertising business, which is still in the early stage, is also expanding. "The atmosphere within the company is very positive." The company also said that the report of "failing to achieve multiple internal targets" is "a typical clickbait." (Caixin)

OpenAI and Anthropic Meet with U.S. House Committee on Advanced Cybersecurity AI Models

OpenAI and Anthropic presented a special report to the staff of the U.S. House Homeland Security Committee on their new - generation AI models with cyber - attack and defense capabilities, as well as the various impacts of such technologies on cybersecurity. This is one of the first special communication meetings between the U.S. legislative body and the two major AI giants regarding the cyber threats posed by new - type AI models, with a focus on the security risks faced by the vulnerable critical infrastructure sector. An assistant to the committee confirmed that the two companies gave special briefings to congressional staff in two separate, non - public confidential meetings last Thursday. (Sina Finance)

Apple Plans to Fully Upgrade Photo Editing Features with AI in iOS 27

On April 28th local time, it was reported that Apple is planning a major upgrade to the built - in photo editing features of iPhones, iPads, and Macs, relying deeply on artificial intelligence technology to narrow the competitive gap with Android devices. According to people familiar with the matter, the company is developing a new suite of tools powered by the Apple Intelligence platform for iOS 27, iPadOS 27, and macOS 27, which are scheduled to be released this fall. These features will allow users to use the device - side AI models to expand, enhance, and recompose pictures. People familiar with the matter said that the processing usually takes only a few seconds. (Jiemian News)

Step Star Launches New Generation Image Generation and Editing Model Step Image Edit 2

36Kr learned that on April 29, Step Star announced the official launch of the new generation image generation and editing model Step Image Edit 2. Currently, Step Image Edit 2 has been fully launched on the "Step Star Open Platform" and Step Plan.

Tencent IMA Launches New Knowledge Agent - Copilot

36Kr learned that on April 29, Tencent IMA officially launched the knowledge agent - Copilot, which supports users to create their own agents. Copilot has a built - in memory system. Through four major modules of Copilot settings, user profiles, long - term memory, and experience and skills, it remembers the user's background, habits, and ongoing matters, enabling continuous cross - scenario calls and reducing repeated inputs.

NVIDIA Launches Nemotron 3 Nano Omni Model

On April 28 local time, NVIDIA announced in its corporate blog that it has launched an open - source full - modality inference model called Nemotron 3 Nano Omni, aiming to provide an integrated basic model foundation for enterprise - level AI Agents. NVIDIA introduced that this model integrates visual, audio, and language capabilities, which will help AI agents achieve up to a 9 - fold efficiency improvement. (Jiemian News)

Financial Reports of Large Companies

New Hope: Suffered a Loss of 898 Million Yuan in the First Quarter Due to the Decline in Pig Selling Price

36Kr learned that New Hope released its first-quarter report. In the first quarter of 2026, the company achieved an operating income of 27.292 billion yuan, a year-on-year increase of 11.77%. The net profit attributable to shareholders of the listed company was -898 million yuan. In the same period of the previous year, it had a profit of 445 million yuan, turning from profit to loss year-on-year. During the reporting period, the decline in the company's pig sales price led to losses in the pig industry.

Geely Automobile: The profit attributable to the owners of the parent company in the first quarter was RMB 4.17 billion, a year-on-year decrease of 27%.

36Kr learned that Geely Automobile announced that in the first quarter of 2026, the total sales volume reached 709,358 vehicles, a year-on-year increase of 1%. Benefiting from the strong growth of export sales and the increase in the sales proportion of high-value products, the Group's revenue during the period increased by 15% year-on-year, and the revenue growth rate was higher than the sales growth rate. In the first quarter of 2026, the profit attributable to the owners of the parent company was RMB 4.17 billion, a year-on-year decrease of 27%, mainly due to the different impacts of foreign exchange fluctuations during this period compared with the same period last year.

HNA Holding: Net profit in the first quarter was 1.725 billion yuan, a year-on-year increase of 533.63%

36Kr learned that HNA Holding disclosed its first-quarter report. In the first quarter of 2026, the company achieved an operating income of 18.473 billion yuan, a year-on-year increase of 4.95%; the net profit attributable to shareholders of the listed company was 1.725 billion yuan, a year-on-year increase of 533.63%.

Pacific: Net profit in the first quarter was 24.3814 million yuan, a year-on-year decrease of 64.11%

36Kr learned that Pacific released its first-quarter report. In the first quarter of 2026, the company achieved an operating income of 251 million yuan, a year-on-year decrease of 18.62%; the net profit attributable to shareholders of the listed company was 24.3814 million yuan, a year-on-year decrease of 64.11%.

Alphabet's revenue in the first quarter was $109.9 billion, a year-on-year increase of 22%

On April 29 local time, Alphabet released its first-quarter financial report, showing that its revenue was $109.9 billion, a year-on-year increase of 22%. The revenue excluding traffic acquisition costs in the first quarter was $94.67 billion, a year-on-year increase of 24%. Among them, Google Services revenue was $89.64 billion, a year-on-year increase of 16%, and Google Cloud revenue was $20.03 billion, a year-on-year increase of 63%. The operating profit was $39.7 billion, a year-on-year increase of 30%. Alphabet raised its capital expenditure guidance for fiscal year 2026 to between $180 billion and $190 billion. (Jiemian News)

Microsoft's revenue in the third fiscal quarter reached $82.9 billion, a year-on-year increase of 18%

On April 29 local time, Microsoft announced its third fiscal quarter results. The revenue was $82.9 billion, a year-on-year increase of 18%; the operating profit was $38.4 billion, a year-on-year increase of 20%; the net profit calculated according to the US Generally Accepted Accounting Principles (GAAP) was $31.8 billion, a year-on-year increase of 23%; the non-GAAP net profit (excluding the impact of the investment in OpenAI) was $31.79 billion, a year-on-year increase of 20%; the diluted earnings per share was $4.27 under the GAAP, a year-on-year increase of 23%; and it was $4.27 under the non-GAAP, a year-on-year increase of 21%. (Jiemian News)

Investment and financing

"Qingtian Rent" Completes Hundreds of Millions of Yuan in Pre-A Round Financing

On April 29th, "Qingtian Rent" announced the completion of hundreds of millions of yuan in Pre-A round financing. The investors in this round include industrial players such as Zhengda Robot under the CP Group and Changxin Co., Ltd. Multiple listed companies such as Meige Intelligent and Lens Technology participated, and old shareholders Mingjia Capital, Zhixing Investment, and Ruizhi Venture Capital oversubscribed. The financing funds will be mainly used for the construction of a national performance service network, the upgrade of robot assets and dispatching systems, the improvement of the logistics insurance system, the refinement of standardized scenario products, and the expansion of the global service network.

Compiled | Happy

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