Hong Kong stocks open: Hang Seng Index down 0.2%, Hang Seng Tech Index down 0.47%

Hong Kong stocks opened lower, with the Hang Seng Index down 0.2% and the Hang Seng Tech Index down 0.47%. Zhipu opened 8.77% higher after the company previously made a structural adjustment to the pricing of the GLM Coding Plan package, with an overall increase of at least 30%. Meituan-W opened 2.48% lower, Alibaba-W opened 1.37% lower. Reports indicate Alibaba plans to continue heavy investment in Taobao Flash Sale, with no worries about losses over the next three years.

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