PRE-MARKET CHINESE STOCKS NEWS: JD.com (9618 HK) Q1 2026 (USD) EPS 0.74 (exp. 0.57), rev. 45.8bln (exp. 45.6bln), net CNY 5.1bln (prev. 10.9bln Y/Y)
China Resources Power (836 HK) - Co. reported Apr. net generation rose 10.9% Y/Y to 20.4TWh. (Newswires)
Hong Kong Television Network (1137 HK) - Co. reported Apr. (HKD) GMV rose 3.2% Y/Y to 651mln. (Newswires)
JD.com (9618 HK) - Co. Q1 2026 (USD) EPS 0.74 (exp. 0.57), rev. 45.8bln (exp. 45.6bln), net revenues CNY 315.7bln (prev. CNY 301.1bln Y/Y), net income attributable CNY 5.1bln (prev. CNY 10.9bln Y/Y), and Co. remains confident in its full-year trajectory. (Newswires)
JD Health (6618 HK) - Co. Q1 (CNY) adj. net 1.87bln (exp. 1.77bln), adj. EBIT 1.94bln (exp. 1.56bln), rev. 19.5bln (exp. 19.5bln), and Co. authorised a USD 1.0bln share buyback. (Newswires)
JD Logistics (2618 HK) - Co. Q1 (CNY) net 1.05bln (prev. 451mln Y/Y), rev. 60.6bln (exp. 58.5bln), and Co. authorised a USD 1.2bln on-market share buyback over 48 months. (Newswires)
Jiangsu Hengrui Pharmaceutical (600276 CH) - Co. signed a global collaboration and licensing agreement with Bristol Myers Squibb (BMY) worth up to USD 15.2bln. (SCMP)
Pop Mart (9992 HK) - Co. is set to open its first official physical Pop Bakery store in Aranya, Qinhuangdao, Hebei province. (SCMP)
Yum China (9987 HK) - Co. signed repurchase agreements in the US and Hong Kong for an aggregate repurchase amount of USD 512mln for H2 2026. (Newswires)
Aviation
China is said to raise the fuel surcharge for domestic flights from May 16th. (Newswires)
Tech
China reportedly sought access to Anthropic's newest AI model, but Anthropic refused. (NYT)
Other News
US President Trump is to confront Chinese President Xi at the upcoming summit over China's backing of Iran and Russia, according to Fox News. Officials said the leaders are also expected to discuss Taiwan, cybersecurity, artificial intelligence and rare earth supply chains during the summit, while administration officials emphasised there would be no change in longstanding US policy toward Taiwan, highlighting increased American arms sales to Taipei and calling for Taiwan to further boost defence spending. Furthermore, officials said Trump and Xi could discuss establishing a formal communication channel on AI-related security concerns as both countries race to develop increasingly advanced systems with military and cyber implications, as well as pointed to ongoing discussions surrounding rare earth supply chains and access to critical minerals used in defence systems, electronics and advanced manufacturing. (Newswires/Fox)
China and the US are reportedly discussing corn purchases ahead of the Trump-Xi summit, according to Bloomberg. (Newswires)
White House said reports that Trump and Xi are considering a deal to allow China to invest USD 1tln in the US to build factories on American soil are "baseless and false". (News Nation.)
Fitch affirmed Hong Kong at AA-; Outlook Stable. (Newswires)
JD.com reported stronger-than-expected Q1 2026 results, with EPS of 0.74 versus the expected 0.57, indicating solid revenue generation despite a decline in net income year-over-year. This performance suggests resilience in its operations, which could support investor confidence in the company's full-year trajectory, though the drop in net income may raise concerns about future profitability and operational challenges.