PRE-MARKET HONG KONG STOCKS NEWS: Alibaba's (9988 HK) Qwen announced the launch of the Qwen Coding Plan, which supports more models, introducing the new Qwen3.5-Plus and Qwen3-Coder-Next

Alibaba (9988 HK) - Co.’s Qwen announced the launch of the Qwen Coding Plan, which supports more models, introducing the new Qwen3.5-Plus and Qwen3-Coder-Next, compatible with AI tools such as QwenCode, ClaudeCode, and Cline. (AA Stocks)

CK Hutchison (1 HK) - Co. said it has requested the Panamanian government to enter negotiations regarding the Co.'s continued operations of ports at both ends of the Panama Canal. (Newswires)

CStone Pharmaceuticals (2616 HK) - Co. said sugemalimab received a new indication approval from the UK Medicines and Healthcare product Regulatory Agency (MHRA) for stage III non-small cell lung cancer. (PR Newswire)

Fantasia Holdings (1777 HK) - Co. received creditor approval for Hong Kong and Cayman schemes. (Newswires)

Harbour BioMed (2142 HK) - Co. announced licencing agreement with Solistice Oncology and will receive an upfront consideration of over USD 105mln, while the Co. will also be eligible to receive additional development, regulatory and commercial milestone payments of up to around USD 1.1bln. (Newswires)

JD.Com (9618 HK) - 'Big Short' investor Michael Burry said he owns JD.com. (Newswires)

Kingboard Holdings (148 HK) - Co. guides FY net to increase more than 165% Y/Y. (Newswires)

Kingboard Laminates Holdings (1888 HK) - Co. guides FY net to increase more than 80% Y/Y on higher demand for laminate products. (Newswires)

Data Recap

• Hong Kong Unemployment Rate (Jan) 3.9% vs Exp. 3.8% (Prev. 3.8%)