Technology stocks had mixed performance

$BABA-W (09988.HK)$ 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.