--- title: "Hong Kong Stock Movement: ZEEKR surged 30.88%, what market signals are hidden behind the lack of important news?" type: "News" locale: "en" url: "https://longbridge.com/en/news/283601112.md" description: "EXTREME VISION surged 30.88%; Zhipu rose 4.21%, with a transaction volume reaching HKD 1.022 billion; MINIMAX-W increased by 1.17%, with a transaction volume reaching HKD 807 million; Dipu Technology fell 3.12%, with a transaction volume reaching HKD 412 million; Haizhi Technology Group dropped 5.00%, with a market value of HKD 22.8 billion" datetime: "2026-04-22T05:12:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283601112.md) - [en](https://longbridge.com/en/news/283601112.md) - [zh-HK](https://longbridge.com/zh-HK/news/283601112.md) --- # Hong Kong Stock Movement: ZEEKR surged 30.88%, what market signals are hidden behind the lack of important news? **Hong Kong Stock Movement** EXTREME VISION surged 30.88%, 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 Ranked High in Industry Transaction Volume** IM Motors rose 4.21%. Based on recent key news: 1. On April 20, IM Motors announced the acquisition of 100% equity in Beijing Hongzuan Technology Development Co., Ltd., with a total transaction price not exceeding RMB 361 million. This move aims to optimize the company's asset structure, enhance risk resistance, and support long-term strategic planning. This news drove the stock price up. 2. On April 21, UBS initiated coverage on IM Motors with a "Buy" rating and a target price of HKD 1,160. UBS is optimistic about IM Motors' market potential, especially in model intelligence enhancement, expecting its revenue compound annual growth rate to reach 231%. This rating boosted market confidence. 3. On April 22, China Post Securities released a research report stating that the explosive growth in Token demand has become a key driving factor for the shortage of computing power. IM Motors' GLM-5.1 model ranks first among global open-source models, showing strong market demand and potential, further driving the stock price up. The AI industry demand is strong, and market sentiment is bullish. MINIMAX-W rose 1.17%. Based on recent key news: 1. On April 20, the accelerated evolution of AI applications has driven rapid growth in demand for large model calls. The commercialization path and cost advantages of IM Motors and MiniMax are gradually becoming clear, attracting investor enthusiasm and significantly increasing the stock price. According to Bloomberg, the market capitalization of IM Motors and MiniMax has surpassed that of Baidu and Kuaishou. 2. On April 21, Morgan Stanley warned that the first batch of MiniMax shares will be unlocked in July, which may significantly increase the number of circulating shares, causing short-term selling pressure and weakening the investment atmosphere. The firm pointed out that the market has underestimated MiniMax's annual recurring revenue growth potential. 3. On April 20, model capabilities are rapidly being commoditized, and industry methodologies have become a real moat. Institutions like OpenAI discuss the future of AI in enterprises, emphasizing the importance of industry methodologies. According to IM Motors Chairman Liu Debing, commercial revenue has rapidly increased after going open-source. The AI industry demand is strong, and capital inflow is evident. Dipu Technology fell 3.12%. Based on recent news: 1. On April 20, the Hong Kong SAR government held a signing ceremony for a new batch of key enterprises, and Didi officially signed on to become one of the newly introduced key enterprises. Although this news is favorable for Didi's long-term development, the market's short-term reaction was relatively tepid, leading to a decline in stock price. 2. Recently, the overall sentiment towards technology stocks in the market has been cautious, with investors holding conservative views on future profit expectations, further exacerbating the stock price volatility of Dipu Technology. 3. The uncertainty in the macroeconomic environment has increased, particularly with rising global interest rates and inflationary pressures, leading investors to lower their risk appetite for overvalued technology stocks, affecting the market performance of Dipu Technology Technology stocks have recently shown weak performance, and investor sentiment is cautious. **Stocks ranked at the top of the industry by market capitalization** Haizhi Technology Group fell by 5.00%. Based on recent news, 1. On April 21, analysts gave Haizhi Technology Group a buy rating and set a target price of HKD 84.5 per share. Nevertheless, concerns about its valuation and future growth led to a decline in stock price. 2. The domestic AI service market has been growing rapidly recently, but investors are skeptical about whether Haizhi Technology Group can maintain its leading position in the fierce competition, further exacerbating stock price fluctuations. 3. The valuation benchmarks of global AI peers have also put pressure on Haizhi Technology Group's stock price, with investors taking a wait-and-see attitude regarding its ability to meet expected targets. The AI industry is highly competitive, and market volatility is significant ### Related Stocks - [06636.HK](https://longbridge.com/en/quote/06636.HK.md) ## Related News & Research - [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) - [China Set To Show Its Consumption Slump Extends To Another Quarter](https://longbridge.com/en/news/286681865.md) - [Record fuel costs and drought push US farms toward crisis](https://longbridge.com/en/news/286651701.md) - [TABLE-Asian physical rubber prices - May 19](https://longbridge.com/en/news/286870664.md)