PRE-MARKET CHINESE STOCKS NEWS: Tech in focus amid concerns regarding access to NVIDIA chips in the fallout from Huang's extramarital affairs scandal

China Resources Land (1109 HK) - Co. October (CNY) gross contracted revenue rose 3.3% Y/Y to 15.7bln. (Newswires)

JD.com (9618 HK) - Co. completed the acquisition of a 59.8% stake in CECONOMY for EUR 1.3bln, taking its combined holding with partner Convergenta to 85.2%, with CECONOMY becoming a subsidiary. (Newswires)

New World Development (17 HK) - Co. shares halted from trading. (Newswires)

Pou Sheng International (3813 HK) - Co. 9M (CNY) net rose 39.2% Y/Y to 238mln, rev. fell 3.9% Y/Y to 12.4bln. (Newswires)

Samsonite (1910 HK) - Co. Q3 (USD) adjusted net profit 65.3mln (exp. 61.0mln), adjusted EBITDA fell 7.0% Y/Y to 132.6mln, rev. 872.7mln (exp. 866.8mln); announced an additional share buyback of up to USD 50mln and guided Q4 constant currency sales growth of high single digits, including BÉIS, with sequential profitability improvement expected. (Newswires)

SMIC (981 HK) - Co. Q3 (USD) net 428.4mln (exp. 423mln), rev. rose 30.3% Y/Y to 3.91bln, gross margin 29.9% (prev. 25.3% Y/Y), capex 1.09bln; guides Q4 revenue growth of 4-6% Q/Q and gross margin of 26-28%, while its Co-CEO expects FY26 revenue to exceed USD 12bln, representing growth of over 30% Y/Y, with gross margin around 26%. (Newswires)

VTech Holdings (303 HK) - Co. H1 (USD) net fell 12.9% Y/Y to 65.1mln, operating profit fell 11.2% Y/Y to 82.5mln, rev. rose 6.0% Y/Y to 1.05bln; remains on track to achieve revenue growth for FY27. (Newswires)

Yue Yuen Industrial (551 HK) - Co. 9M (USD) net 134mln (guidance 125-139mln), rev. fell 2.2% Y/Y to 5.89bln. (Newswires)

ByteDance is reportedly planning to repurchase up to USD 6bln worth of shares from existing investors at a valuation of approximately USD 400bln. (The Information)

A pre-market China roundup whose subject line leads on NVIDIA chip access but whose substance is mostly results. On the access angle, episodes built around an executive's personal conduct have historically faded quickly unless they escalate into governance or regulatory consequences; the channel that has actually constrained Chinese buyers of advanced US silicon in the past is export licensing policy, not personnel matters, so the tell is whether Washington or company compliance moves rather than the scandal itself. SMIC's print, a modest net beat with sharp gross margin expansion and FY26 revenue guidance implying growth above 30%, fits the established pattern of mainland foundry earnings being driven by utilization, mature-node pricing and domestic substitution rather than leading-edge access, and margin guidance for the coming quarter is the follow-on that matters. New World Development's trading halt warrants the usual Hong Kong developer read: halts in that sector have tended to precede asset sales, refinancing or restructuring announcements, and the resumption notice is the event to watch. JD.com's completed CECONOMY majority stake extends a pattern of Chinese ecommerce platforms buying into European bricks-and-mortar distribution, where the precedent questions are integration and any European regulatory scrutiny. The ByteDance tender continues a recurring series of buybacks that function as the liquidity mechanism for a large private cap table, and the implied valuation is read against its prior tenders rather than against listed peers.