--- title: "Hong Kong Stock Movement: QUANTGROUP's stock price rises by 15.62%, high complaints and transformation doubts spark market discussions" type: "News" locale: "en" url: "https://longbridge.com/en/news/282623343.md" description: "QUANTGROUP rose by 15.62%; Alibaba-W rose by 1.06%, with a transaction volume of HKD 3.264 billion; JD-SW had a transaction volume of HKD 287 million; Miniso rose by 1.12%, with a transaction volume of HKD 17.44 million; Yong'an International rose by 0.35%, with a market value of HKD 4.167 billion" datetime: "2026-04-14T03:23:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282623343.md) - [en](https://longbridge.com/en/news/282623343.md) - [zh-HK](https://longbridge.com/zh-HK/news/282623343.md) --- # Hong Kong Stock Movement: QUANTGROUP's stock price rises by 15.62%, high complaints and transformation doubts spark market discussions **Hong Kong Stock Movement** QUANTGROUP rose by 15.62%. Based on recent news, 1. On April 13, QUANTGROUP's platform YangXiaoMie was reported to have a "loan shopping - high-priced goods - third-party recycling" monetization chain, raising market doubts about its business independence and the authenticity of its transformation. Related reports indicated that many digital products on the YangXiaoMie platform adopted a "bundled sales" strategy, where users obtained consumption limits through associated platforms or embedded credit tools, purchased high-priced goods, and then shipped them to third-party recyclers, ultimately receiving cash while bearing installment bills for the goods. The sum of the price difference and recycling fees constituted a disguised high-interest loan. This news attracted market attention, leading to a 15.62% increase in QUANTGROUP's stock price; 2. On April 13, QUANTGROUP claimed it would completely terminate all loan assistance businesses by January 2025, but the original credit business logic continued through the aforementioned product monetization closed loop. Market doubts about the authenticity of its business transformation led to stock price fluctuations; 3. On April 13, the complaint volume for QUANTGROUP's platform YangXiaoMie reached 24,532, while BeiLiKaBao also reached 12,766. A large number of consumers accused the inflated product price difference as a disguised "cut-head interest," attracting market attention to its business model and driving up the stock price. Market interest in QUANTGROUP's business model increased, with noticeable capital inflow. **Stocks with High Trading Volume in the Industry** Alibaba-W rose by 1.06%. Based on recent key news: 1. On April 13, Alibaba saw multiple large transactions, each exceeding HKD 20 million, indicating strong market interest in the stock. These large transactions may have driven the stock price up. 2. On April 13, JP Morgan increased its long position in Alibaba to 7.98%, showing enhanced institutional confidence in the stock, further supporting its price. 3. On April 11, well-known investor Michael Burry announced a new long position in Alibaba, and market attention to his investment moves may have boosted investor confidence, driving the stock price up. The Hong Kong stock market rebounded due to the US-Iran ceasefire, with noticeable capital inflow. JD-SW had a trading volume of HKD 287 million. Based on recent key news: 1. On April 13, JD reached a strategic cooperation with Deep Blue Automotive to launch the Deep Blue L06 extended range version, with JD providing exclusive sales and digital car purchasing services. This cooperation enhanced market confidence in JD's automotive business, potentially driving up the stock price. Source: Securities Times 2. On April 13, JD completed the issuance of RMB 10 billion senior notes, with funds to be used for debt repayment and general corporate purposes. This move enhanced the company's financial flexibility, potentially having a positive impact on the stock price. Source: Economic Information Daily 3. On April 11, well-known investor Michael Burry increased his holdings in JD stock, believing that its weak stock price provided an attractive entry opportunity. This news may have boosted market confidence in JD. Source: Wall Street Insight The e-commerce industry faces intensified competition and increasing macroeconomic uncertainty MINISO rose by 1.12%. Based on recent key news: 4. On April 12, MINISO's subsidiary MINISOFRIENDS won the French GPDPAWARD International Design Award, accelerating its global layout, enhancing brand international influence, and driving up stock prices. 5. On April 11, First Shanghai Securities maintained a buy rating on MINISO, setting a target price of HKD 47, while the current stock price is HKD 31.44. The analysts' positive evaluation has boosted market confidence. 6. On April 13, MINISO attracted young people through its amusement parks, enhancing the brand's market competitiveness and further driving up stock prices. The trend of large stores returning to the retail industry is evident, intensifying competition. **Stocks ranked among the top in industry market capitalization** Yong'an International rose by 0.35%, with a market capitalization reaching HKD 4.167 billion, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [02685.HK](https://longbridge.com/en/quote/02685.HK.md) ## Related News & Research - [Quantgroup Names Leading AI Academic as Chief Scientist to Bolster R&D](https://longbridge.com/en/news/279096484.md) - [China Set To Show Its Consumption Slump Extends To Another Quarter](https://longbridge.com/en/news/286681865.md) - [Hunter: Inflation expectations drifting higher is an elevated risk RBA cannot ignore](https://longbridge.com/en/news/286828731.md) - [Oops! Someone Forgot To Tell Jeanine Pirro About Trump's $1.8B J6 Slush Fund](https://longbridge.com/en/news/286831031.md) - [Trump Dodges On Whether Violent Jan. 6 Rioters Should Get Payouts From New Fund](https://longbridge.com/en/news/286826873.md)