--- title: "Hong Kong Stock Movement: QUANTGROUP surged 20.17%, with active trading and capital inflow, volatility attracting market attention" description: "QUANTGROUP surged 20.17%; Tencent Holdings fell 0.65%, with a transaction volume of HKD 4.548 billion; Kuaishou-W rose 0.66%, with a transaction volume of HKD 2.724 billion; Baidu-SW rose 0.09%, with " type: "news" locale: "en" url: "https://longbridge.com/en/news/268190926.md" published_at: "2025-12-02T06:20:52.000Z" --- # Hong Kong Stock Movement: QUANTGROUP surged 20.17%, with active trading and capital inflow, volatility attracting market attention > QUANTGROUP surged 20.17%; Tencent Holdings fell 0.65%, with a transaction volume of HKD 4.548 billion; Kuaishou-W rose 0.66%, with a transaction volume of HKD 2.724 billion; Baidu-SW rose 0.09%, with a transaction volume of HKD 571 million; Bilibili-W fell 2.80%, with a market value of HKD 83.4 billion **Hong Kong Stock Movement** QUANTGROUP surged 20.17%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Tencent Holdings fell 0.65%. Based on recent key news: 1. On December 1, Tencent Holdings announced the repurchase of 1.029 million shares, involving approximately HKD 636 million. This move aims to enhance market confidence, and the stock price fluctuated after the repurchase announcement. Source: Zhitong Finance 2. On December 1, Tencent recorded large trades on the Hong Kong Stock Exchange, with transaction amounts exceeding HKD 20 million, indicating active trading interest in the stock. Source: Economic Information Daily 3. On December 2, Tencent recorded multiple large trades in pre-market trading, with stock price fluctuations between 0.74% and 1.29%, reflecting differing expectations among investors regarding market trends. Source: Economic Information Daily. The Hong Kong stock market has recently seen increased volatility and requires attention. Kuaishou-W rose 0.66%. Based on recent news, 1. On December 1, Kuaishou-W launched a new multimodal creation tool "Keling O1," which integrates text, video, images, and other multimodal inputs, solving consistency issues in AI video generation and driving the stock price up. Source: Zhitong Finance 2. On December 1, Kuaishou-W's third-quarter financial report showed that the company's revenue and net profit both exceeded expectations, particularly with significant contributions from AI business commercialization, further boosting market confidence. Source: China Merchants Securities 3. On November 29, Goldman Sachs reported that Kuaishou-W's AI-driven recommendation system and advertising business significantly enhanced user engagement and advertising revenue, increasing investor confidence in the company's future growth. Goldman Sachs noted accelerated application of AI technology and significant growth in advertising revenue. Baidu-SW rose 0.09%. Based on recent news, 1. On December 2, Bank of America Securities reported that Baidu's AI-related business revenue grew by 50% and reiterated a buy rating with a target price of HKD 148. This news boosted market confidence in Baidu's AI business, driving the stock price up. 2. On December 1, Haitong International initiated coverage on Baidu with an "Outperform" rating and a target price of HKD 171. The report emphasized the commercialization prospects of Baidu's AI technology, further enhancing investor optimism. 3. On November 29, Baidu announced large-scale layoffs affecting multiple departments. Despite the significant layoffs, positions related to AI and cloud computing were largely retained, indicating a strategic shift towards the AI sector, which the market reacted positively to. Competition in the AI industry is intensifying, with noticeable capital inflow. **Stocks with High Market Capitalization in the Industry** Bilibili-W fell 2.80%, with a market capitalization of HKD 83.4 billion, and no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [02685.HK - QUANTGROUP](https://longbridge.com/en/quote/02685.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 3 no-brainer AI stocks to buy right now | These artificial intelligence (AI) stocks show promising upside for long-term investors. | [Link](https://longbridge.com/en/news/276392243.md) | | Big Tech should sell America on AI data centers, not the other way around | AI data centers are crucial for the U.S. to maintain competitiveness in the global AI race, yet many communities oppose | [Link](https://longbridge.com/en/news/276472600.md) | | Cloud Range Introduces AI Validation Range, Enabling Organizations to Test, Validate, and Secure AI Before Deployment | Cloud Range has launched its AI Validation Range, a virtual platform for organizations to test and validate AI models se | [Link](https://longbridge.com/en/news/276219422.md) | | Is an AI price war about to begin? | The price of AI services is decreasing, with China's Zhipu offering access for about $3 a month, compared to $20 for US | [Link](https://longbridge.com/en/news/276415182.md) | | G42 Joins Forces with Credo AI To Advance Responsible AI Adoption Across Global South | G42, a global technology group based in Abu Dhabi, has partnered with Credo AI to promote Responsible AI adoption across | [Link](https://longbridge.com/en/news/276429856.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.