For tech stocks
$BABA-SW(09988.HK$ , Cainiao and others have formed a consortium and made a takeover bid to $BEST Inc(BEST.US$ . BABA opened 0.5% lower at $84.4.
For other tech stocks, $TENCENT(00700.HK$ opened flat at $312.6, while $XIAOMI-W(01810.HK$ , $BIDU-SW(09888.HK$ and $NTES-S(09999.HK$ opened 1.5% lower. $KUAISHOU-W(01024.HK$ and $BILIBILI-W(09626.HK$ each started 2% and 3.6% lower. $MEITUAN-W(03690.HK$ and $JD-SW(09618.HK$ opened declining by less than 1%.
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