$BABA-SW (09988.HK)$ reduced its stake in $CLOUD MUSIC (0989...

$BABA-SW(09988.HK)$ reduced its stake in $CLOUD MUSIC(09899.HK)$ by 3.9 million shares for over RMB350 million. $Alibaba(BABA.US)$ opened rising 1.2% at $74. Mobile phone parts stock $Q TECH(01478.HK)$ expects 1H24 consolidated profit to rocket up to 5x YoY, and its shares opened surging 6.7% at $4.29.

For other tech stocks, $TENCENT(00700.HK)$ opened 0.5% higher at $379.4, while $MEITUAN-W(03690.HK)$ , $XIAOMI-W(01810.HK)$ , $JD-SW(09618.HK)$ and $BIDU-SW(09888.HK)$ opened 0.8% to 1.1% higher. $NTES-S(09999.HK)$ dipped 1.2% at open, while $BILIBILI-W(09626.HK)$ opened 1.9% higher. Chip stocks $SMIC(00981.HK)$ and $HUA HONG SEMI(01347.HK)$ opened lifting 2% and 3.3%.