$BABA-W (09988.HK)$ reduced its stake in $CLOUD MUSIC (09899...

$BABA-W (09988.HK)$ 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%.