Technology stocks had mixed performance

$BABA-SW(09988.HK)$ opening 0.5% higher. BABA was rumored to consider injecting Youku and Tudou into $ALI PICTURES(01060.HK)$ , but PR officials for Alibaba Digital Media and Entertainment Group denied the news. ALI PICTURES opened 3.3% lower.

$TENCENT(00700.HK)$ opened 0.2% higher, while $BIDU-SW(09888.HK)$ and $NTES-S(09999.HK)$ both opened 1.2% lower.

$MEITUAN-W(03690.HK)$ , $XIAOMI-W(01810.HK)$ and $KUAISHOU-W(01024.HK)$ opened 0.3% to 0.7% lower.