Shares of online video streaming site Bilibili fell as much as 6.8% in their Hong Kong debut on Monday morning, joining a series of recent disappointing listings in the city.

Among the eight companies raising at least $100 million on the Hong Kong Stock Exchange that have made their debut since Feb. 1, two closed down on their first day of trading, two were flat and four rose -- although two of those increases were just nominally higher, according to data service Dealogic.

Investors in Hong Kong regularly flock to new listings, but this has vanished since February amid the global technology sector sell-off and China's crackdown on the country's tech giants.