PRE-MARKET CHINESE STOCKS NEWS: Xiaomi (1810 HK) president said launch sales of the Xiaomi 18 Fold rose 300% compared with its previous-generation foldable smartphone; US-China trade truce was extended to January 10th

Alibaba (9988 HK) - Co.'s Qwen launched its Qwen Intelligence full-stack mobile AI solution in public beta, with a reported 90% end-to-end task success rate. (Newswires) Geely Automobile (175 HK) - Co. unveiled an AI-powered EV charging system developed with StepFun, including a 2,250kW charging station, while tests showed batteries used in the Lynk & Co 10 and Zeekr 001 could charge from 10% to 70% in 4 minutes 30 seconds and to 97% in 8 minutes 40 seconds. (Dow Jones Newsplus) Nine Dragons Paper (2689 HK) - Co. FY26 (CNY) net 3.58bln (guidance 3.40-3.60bln), rev. 75.0bln (exp. 72.0bln). (Newswires) TUHU (9690 HK) - Co.'s subsidiary agreed to acquire Conti Trade Australia Pty Ltd, an Australian proprietary company, at an enterprise value of AUD 403mln. (Newswires) Xiaomi (1810 HK) - Co. President said launch sales of the Xiaomi 18 Fold rose 300% compared with its previous-generation foldable smartphone. (Newswires) Other News US President Trump greeted Chinese President Xi on his arrival at Joint Base Andrews, while Trump said it was a great greeting with Xi and that the entire tech and banking world will be at Thursday's dinner. Trump also stated that he had some great conversations with leaders at the UN General Assembly. Chinese President Xi said he looks forward to in-depth exchanges with US President Trump and will expand cooperation between the two countries in various areas, while he is confident the US trip will produce fruitful results. US Treasury Secretary Bessent said the US-China trade truce was extended to January 10th, while he doesn't know if a bigger trade deal can be done with China and could just roll the current deal forward. Furthermore, Bessent said that presidents Trump and Xi are expected to meet four times this year and that China is doing well so far in meeting 2026 pledges. US Democratic senators reportedly sent a letter to President Trump calling for an agreement with China to mutually slow or pause AI development, according to Politico.