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first_img CITIC Securities released the second phase report on the listing guidance for MiniMax A shares

The website of the China Securities Regulatory Commission shows that CITIC Securities released the "Report on the Progress of the Guidance Work for the Initial Public Offering and Listing of MiniMax Group Inc. (Phase II)" on October 15. This phase of guidance started on July 10, 2026, and lasted for more than three months. CITIC Securities, together with Tongshang Law Firm and Ernst & Young, continuously monitors the company's operational performance and compliance in accordance with regulatory requirements and the guidance agreement, and conducts guidance through on-site training and communication on specific issues.The report states that the guidance target has established an internal governance structure and relevant company management systems, but there is still room for optimization in execution. CITIC Securities will collaborate with intermediary institutions, combine due diligence, continuously refine and improve corporate governance and standardized operations, propose rectification suggestions, and supervise the implementation of internal controls. In the next phase, work will continue with Tongshang Law Firm and Ernst & Young, focusing on enhancing standardized operational levels and preparing for guidance acceptance.On May 29, 2026, CITIC Securities signed a guidance agreement with MiniMax and submitted a guidance filing application to the Shanghai Regulatory Bureau of the China Securities Regulatory Commission on the same day, which was accepted, marking MiniMax's official entry into the guidance period. The large model company MiniMax (00100.HK) was listed on the main board of the Hong Kong Stock Exchange on January 9, 2026, approximately four years from establishment to listing, and has focused on the research and development of full-modal models since its inception.

first_img Zakura released the experimental P2Pv2, and the testnet is now running in dual stack

Zakura has announced an experimental network layer P2Pv2 for Zcash nodes, intended to replace the old protocol inherited from Bitcoin. This layer combines high-throughput networking, resource control, and a consensus engine tested for properties, allowing developers to add services without permission. Zakura states that approximately 50,000 transactions per second require each full node to continuously receive about 100MB/s of block data, while the 25-second block of NU7 can carry a maximum of 2MB, with existing network throughput differing by more than a thousand times from this rate. Tachyon can reduce the proof after entering the block, but the network still needs to propagate a large number of individual transactions.P2Pv2 replaces the protocol stack from about a decade ago with protocols that can be optimized for latency, throughput, or robustness, allowing a secure connection to carry multiple independent services. The transport layer uses its own zakura-quic, based on quinn-proto, utilizing QUIC and TLS 1.3, and authenticating peers with Ed25519 node identity. Related changes remove the dependency on Iroh, allowing nodes to configure socket buffers, flow control windows, timers, and connection admission before the TLS handshake. The new transport directly connects to peer addresses without using relays, external address lookups, automatic port mapping, or QUIC NAT traversal. Nodes sign identities, addresses, protocol scopes, and service IDs, allowing clients to find peers based on specific services.The independent component zakura-header-chain verifies block headers and retains competing branches in a directed acyclic graph, selecting the best qualified chain. Block synchronization schedules requests based on the delivery rates measured by each peer, and a verified commitment tree is used to skip the reconstruction of Sapling, Orchard, and Ironwood trees for each block. Currently, the Mainnet still defaults to the old P2P stack, while the Testnet and Regtest run dual stacks by default, with the native protocol version being p2p-v2/3. Zakura notes that P2Pv2 still has known denial-of-service risks and has not yet become a hardened trust boundary; production hardening, resource control, and block relay protocols are still in progress.

The Ministry of Commerce and 8 other departments issued opinions on accelerating the promotion of technology-driven commerce

According to Jinshi news, the Ministry of Commerce and 8 other departments have released opinions on accelerating the promotion of technology-driven commerce. The opinions propose to promote the iterative upgrading of commodity supply, deeply implement the "Artificial Intelligence + Manufacturing" special action, accelerate the deep integration of artificial intelligence technology with product research and development, design, manufacturing, and marketing, enrich the supply of smart products such as smartphones, computers, home appliances, wearable devices, and robots, and encourage the research and application of smart products based on secure and reliable open-source operating systems.The opinions also propose to accelerate the transformation and upgrading of historical classic industries, develop classic high-quality products, build a lineup of Chinese consumer brands, and explore consumer brands that are independently innovative and of high quality. Vigorously develop technology-driven agriculture, promote the quality and efficiency of high-quality specialty agricultural products, encourage time-honored brands to innovate while maintaining their essence, and support time-honored enterprises in using modern production technologies for product innovation.
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