--- title: "Hong Kong stock movement: QUANTGROUP rises 17.30%, no major positive news, active funds drive volatility" type: "News" locale: "en" url: "https://longbridge.com/en/news/293882742.md" description: "QUANTGROUP rose by 17.30%; Alibaba-W rose by 0.73%, with a transaction volume of HKD 4.233 billion; JD-SW rose by 1.19%, with a transaction volume of HKD 235 million; Miniso rose by 1.34%, with a transaction volume of HKD 33.42 million; Jihong Co., Ltd. rose by 2.28%, with a market value of HKD 5.541 billion" datetime: "2026-07-27T05:27:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293882742.md) - [en](https://longbridge.com/en/news/293882742.md) - [zh-HK](https://longbridge.com/zh-HK/news/293882742.md) generator: "portal-rs" --- # Hong Kong stock movement: QUANTGROUP rises 17.30%, no major positive news, active funds drive volatility **Hong Kong Stock Movement** QUANTGROUP, up 17.30%, 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 specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Alibaba-W, up 0.73%. Based on recent key news: 1. On July 27, Changxin Technology was listed on the STAR Market, and Alibaba holds nearly 5% of Changxin Technology's shares, with an investment gain exceeding 160 billion yuan, driving Alibaba's stock price up. Source: Economic Information Daily 2. On July 24, the EU fined Alibaba's global AliExpress 550 million euros, leading to a decline in Alibaba's stock price. Source: Zhitong Finance 3. On July 24, Alibaba recorded a net outflow of free cash of 46.609 billion yuan, marking its first free net cash outflow, raising market concerns about its financial condition. Source: Zhitong Finance AI demand drives growth in the hybrid cloud market. JD-SW, up 1.19%. Based on recent key news: 1. On July 24, JD announced it obtained a premium industrial land plot in Zhangjiang Science City, Pudong New District, Shanghai, planning to build a robotics smart industry base. This move is seen as JD's deep layout in the upstream and downstream of the robotics industry chain, driving the stock price up. Source: STAR Market Daily 2. On July 24, JD Insurance launched the "Pet and Owner Co-insurance" model, innovating insurance product forms, enhancing health protection rights for users and pets, and boosting market confidence. Source: Economic Observer 3. On July 24, global stock markets experienced fluctuations, with some overseas funds shifting to the Hong Kong stock market. As a leading Chinese e-commerce player, JD attracted attention, leading investors to increase their holdings. Source: Shanghai Securities Journal Global stock market fluctuations attract capital inflow into Hong Kong stocks. MINISO, up 1.34%. Based on recent news: 1. On July 24, MINISO explored IP dining business to enhance brand influence. MINISO collaborates with third-party venues to reduce risks and improve the consumption experience in parks, attracting investor attention and driving the stock price up. Source: Hu Jian, head of the Bubble Mart park, mentioned in the book "Because Unique." 2. On July 23, MINISO plans to self-operate IP dining to diversify its business. MINISO's IP dining model aims to enhance fan stickiness and brand awareness. Although it may not become a pillar business in the short term, it still positively impacts the stock price. Source: Comments from a senior industry practitioner known as Mo Mo (pseudonym). 3. On July 22, MINISO partnered with third parties to explore the ready-made dining sector. MINISO is testing the ready-made dining business through collaborations with third-party open venues. Despite facing challenges, the market holds an optimistic view of its innovative attempts, leading to a rise in stock price. Source: SUPER MINISO reveals cooperation with third parties. The Hong Kong market is active, with evident capital inflow. **Stocks with High Market Capitalization in the Industry** Jihong Co., Ltd., up 2.28%, with a market capitalization of HKD 5.541 billion, and no significant news recently. Trading is active, and capital flow is evident. 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