PRE-MARKET CHINESE STOCKS NEWS: Chinese markets reopen following the Luner New Year/Spring Festival Holiday

China Qinfa Group (866 HK) - Co. FY (CNY) net is seen at a loss (prev. profit 502mln Y/Y). (Newswires)

China Starch Holdings (3838 HK) - Co. FY (CNY) pretax is seen to fall approx. 64% Y/Y, rev. is seen at 10.1bln-11.4bln (prev. 11.4bln Y/Y). (Newswires)

China State Construction Development Holdings (830 HK) - Co. FY (HKD) net is seen to fall to 237mln (prev. 650mln Y/Y). (Newswires)

Tencent (700 HK) - Co.’s WeChat saw 24% Y/Y growth in transaction volume in Hong Kong during Chinese New Year and a 70%+ surge in mini program transaction amount. (AA Stocks)

Tech

DeepSeek is set to release a new AI model and has yet to announce a release date, but it is expected to be imminent following the conclusion of the Lunar New Year celebrations. (Newswires)

US President Trump administration senior official said Chinese AI startup DeepSeek's latest AI model was trained on NVIDIA's (NVDA) most-advanced AI chip, the Blackwell, despite US export controls, according to Reuters. (Newswires)

Anthropic accused Chinese Cos. of siphoning data from Claude, while allegations mirror those of OpenAI, which told House lawmakers that DeepSeek used ‘distillation’ to improve models. (WSJ)