--- title: "Alibaba, Tencent, Baidu, Meituan, collectively declined" type: "News" locale: "en" url: "https://longbridge.com/en/news/290901322.md" description: "On June 26, Hong Kong stocks opened lower, with the Hang Seng Index falling by 0.54% and the Hang Seng TECH Index dropping by 0.78%. Major tech stocks such as Alibaba, Tencent, Baidu, and Meituan collectively declined, while most semiconductor and automotive stocks also fell" datetime: "2026-06-26T02:11:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290901322.md) - [en](https://longbridge.com/en/news/290901322.md) - [zh-HK](https://longbridge.com/zh-HK/news/290901322.md) --- # Alibaba, Tencent, Baidu, Meituan, collectively declined On June 26th, Hong Kong stocks opened lower, with the Hang Seng Index falling by 0.54% and the Hang Seng TECH Index dropping by 0.78%. Weighted tech stocks continued to decline, with Alibaba falling over 3%, Sunny Optical Technology and Minimax dropping over 2%, Lenovo Group down by 2%, and Ctrip Group, Xiaomi Group, Kuaishou, Bilibili, Tencent Holdings, Zhizhu, Baidu Group, and Meituan all experiencing declines. Semiconductor stocks performed poorly, with Zhaoyi Innovation falling over 2%, and Lattice Semiconductor, Innoscience, and SMIC all dropping over 1%. 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