MaHui Journal July Issue | World's First 3-Trillion-Parameter Open-Source Model Released
[ and its generation pipeline BPL-COGEN on *bioRxiv*, establishing for the first time a formalized language system for biology experimental protocols — creating a standard interface for Physical AI to enter the physical world.
In the corridor leading into MaHui's main venue, passing entrepreneurs would always be drawn to the answer boards lining both sides, stopping to look. Many CEOs, after reading them, would post on WeChat Moments with the same caption: "Heartfelt words. Deeply relatable."
On May 11, **MaHui portfolio company and spatial perception robotics leader LD Robot officially listed on the main board of the Hong Kong Stock Exchange, under the ticker "01236.HK."** The company offered approximately 33.33 million shares in its IPO at HK$26.36 per share, raising HK$878.7 million in total; at the time of writing, its market capitalization exceeded HK$20 billion.
On April 30, **Source Code Capital's "Code Brain" co-hosted a demo day with WAIC Future Tech themed "AI Goes Practical: From the Lab to the Industrial Floor"** in Shenzhen. The event focused on startup growth and AI industry deployment, bringing together promising early-stage teams, veteran investors, and industry practitioners. Attendees shared hands-on entrepreneurship experience, connected with capital and industrial resources, and explored technology commercialization, scenario implementation, and paths to scale — putting AI
**MaHui members Moonshot AI and Biren Technology collaborate once again:** Moonshot AI's newly released Kimi K2.6 model achieves industry-leading performance in agent capabilities, coding, and long-horizon tasks, while Biren Technology (06082.HK) has completed full-stack inference optimization for the model on its flagship GPU product — giving developers first access to a state-of-the-art model on a domestic computing platform.
On April 17, 2026, **Gpixel — a MaHui portfolio company and a global leader in high-performance CIS (CMOS image sensor) solutions — officially listed on the Main Board of the Hong Kong Stock Exchange under the ticker symbol "03277.HK"**. The company issued 65.2942 million shares in its public offering at HK$39.88 per share, raising approximately HK$2.6 billion in total proceeds. As of 10:00 a.m.
**Source Code Capital portfolio company RoboPioneer (橡鹿机器人) announced today that it has raised 300 million RMB**, led by the industrial upgrading fund managed by Yizhuang State Investment, with follow-on investment from Amber Capital, Jiuan Capital, and Haitong Capital. This marks another major institutional backing for RoboPioneer following investments from Source Code Capital, IDG Capital, Tencent, and JD.com, bringing its total industry-leading cumulative funding. **Source Code Capital was the company's sole angel-round investor.**
On March 20, Beijing time, NVIDIA's GTC 2026 conference — dubbed the "Super Bowl of American AI" — concluded successfully in the United States, bringing together the world's top AI talent: tens of thousands of developers, researchers, and business leaders from more than 190 countries.