PRE-MARKET CHINESE STOCK NEWS: Tencent (700 HK) is trialling its TenPayGo app, a one-stop digital services platform that includes mobile payments

Baidu (9588 HK) - Co.'s AI chip unit Kunlunxin targets USD 50bln Hong Kong listing.China Gas Holdings (384 HK) - Co. FY (HKD) net 2.72bln vs exp. 2.88bln, rev. 73.6bln vs exp. 77.1bln. (Newswires)China Power International Development (2380 HK) - Co. reported May total electricity sold of 10.8TWh, rose 4.6% Y/Y. (Newswires)CITIC Resources (1205 HK) – Co. substantial shareholder sold a stake of more than 10% in the Co., with trading set to resume today. (AAStocks)Geely Automobile (175 HK) - Co. plans to begin shipping Lotus EVs to Canada starting in July, according to the press. (Newswires)Tencent (700 HK) - Co. is trialling its TenPayGo app, a one-stop digital services platform that includes mobile payments. (Newswires)Tuhu Car (9690 HK) - Co. confidentially submitted a filing to Chinese regulators for a proposed US IPO via ADRs and approved Class A share buybacks and trustee purchases of up to HKD 1.5bln. (Newswires)Tech - Apple is pressing the White House for approval to buy memory chips from blacklisted CXMT. (FT)Other NewsChina can withstand a further deterioration or a freeze in economic and trade ties with the EU, according to CCTV-affiliated social media account Yuyuantantian. (Newswires)Data Recap Chinese Industrial Profits YY (May) 21.1% (Prev. 24.7%) Chinese Industrial Profits YTD YY (May) 18.8% (Prev. 18.2%)