For tech stocks

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