Technology stocks were lower

$BABA-SW(09988.HK)$ opened down 2.8% at $71.4, as the European Union launched an investigation into illegal content on AliExpress. $TENCENT(00700.HK)$ , $MEITUAN-W(03690.HK)$ , $BIDU-SW(09888.HK)$ and $KUAISHOU-W(01024.HK)$ opened 2.1% to 2.5% lower, while $NTES-S(09999.HK)$ and $JD-SW(09618.HK)$ started 1% and 1.3% lower. $BILIBILI-W(09626.HK)$ opened crumpling 6.5%.

$XIAOMI-W(01810.HK)$ opened 1.2% lower along with the market after Chairman Lei Jun said the company would not announce the product pricing and sales rights through any channel. $WB-SW(09898.HK)$ net profit last year surged 3x YoY, and its shares opened 1.5% higher.