PRE-MARKET CHINESE STOCKS NEWS: ANTA Sports Products (2020 HK) is to acquire a 29.1% stake in Puma (PUM GY) for EUR 1.5bln

ANTA Sports Products (2020 HK) - Co. is to acquire a 29.1% stake in Puma (PUM GY) for EUR 1.5bln. (Newswires)

CStone Pharmaceuticals (2616 HK) - Co. CEO purchased nearly 1mln shares in the Co. (Newswires)

Sunny Optical Technology Group (2382 HK) - Co. announced the proposed spin-off and listing of vehicle-related optional business by way of global offering. (Newswires)

XPeng (9868 HK) - Co. targets overseas sales surge in 2026 as China EV battle goes global with the EV maker targeting more than 90,000 overseas deliveries this year amid fierce competition at home. (SCMP)

Tech/Gaming

Alibaba (9988 HK) released its latest AI reasoning model, Qwen3-Max-Thinking. (Newswires)

Texas banned Alibaba (9988 HK), Temu, and TP-Link products from state employee devices. (Newswires)

China's gaming regulator said it approved 177 domestic games in January, including five imported games, and one approval was a game by NetEase (9999 HK). (Newswires)

Other News

PBoC plans to develop the CNY offshore market in 2026, and it reiterated its call to expand and innovate the policy toolbox, while it will expand "macro-prudential" policy coverage. (Newswires)

China's Commerce Ministry announced a plan to integrate an overseas service platform, offering one-stop support such as legal, tax, finance, logistics and trade services for firms looking to expand internationally. (Newswires)

Chinese Commerce Ministry official said they will roll out new policies in a timely manner and will support foreign firms in boosting consumption and government procurement, while the official stated that there are still many favourable conditions for developing foreign trade and both opportunities and challenges coexist. (Newswires)

China's Shanghai Futures Exchange is to adjust price limits, margin ratios for copper and aluminium futures contracts from the January 28th closing settlement. (Newswires)

Chinese Commerce Ministry official said China and the US maintained communication at various levels following the leaders' summit in South Korea, while the official stated that China and the US are to manage differences and promote stable trade. (Newswires)

Canada's Internal Trade Minister LeBlanc said he had a productive discussion with USTR Greer and told Greer that Canada is not seeking a free trade deal with China. (Newswires)

China's Foreign Ministry warned citizens against travelling to Japan during the Chinese New Year holiday. (Xinhua)