PRE-MARKET CHINESE STOCKS NEWS: Alibaba Group (9988 HK) cloud unit plans to more than double global modular data centre capacity in 2026, with its self-developed fully modular architecture reducing delivery times

Alibaba Group (9988 HK) - Co.’s cloud unit plans to more than double global modular data centre capacity in 2026, with its self-developed fully modular architecture reducing delivery times. (Newswires) Foxconn Interconnect Technology (6088 HK) - Co. H1 (USD) net rose to 38mln (prev. 30mln Y/Y), rev. rose to 2.5bln (prev. 2.1bln Y/Y). (Newswires) RUSAL (486 HK) - Co. does not recommend declaring a dividend. (Newswires) Shaanxi Coal Industry (601225 CN) - Co. July coal production was 14.3Mt (prev. 14.1Mt Y/Y). (Newswires) Yue Yuen Industrial (551 HK) - Co. July rev. fell 10% Y/Y to USD 603mln. (Newswires) Coal - China issued a five-year plan for the coal industry. (Newswires) Banks Chinese banks are increasing smaller-currency settlement services for exporters. (Newswires) Chinese banks are seeking to sell more than USD 8.2bln of bad credit-card loans. (Newswires) Tariffs More than USD 38mln in US tariff refunds plus accrued interest from US Customs and Border Protection has been received by five listed Chinese companies since last month, providing a boost to earnings. (SCMP) Other News China issued the first new round of consumption vouchers aimed at boosting spending. (Newswires)