---
title: "Hong Kong Stock Movement: QUANTGROUP fell 18.56%, placement attracted strategic investors but faced sell-off"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293996763.md"
description: "QUANTGROUP fell 18.56%; Alibaba-W rose 0.99%, with a transaction volume of HKD 1.998 billion; JD-SW rose 3.44%, with a transaction volume of HKD 224 million; Miniso rose 0.82%, with a transaction volume of HKD 4.7 million; Jihong Co., Ltd. fell 0.33%, with a market value of HKD 5.577 billion"
datetime: "2026-07-28T02:08:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293996763.md)
  - [en](https://longbridge.com/en/news/293996763.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293996763.md)
generator: "portal-rs"
---

# Hong Kong Stock Movement: QUANTGROUP fell 18.56%, placement attracted strategic investors but faced sell-off

**Hong Kong Stock Movement**

QUANTGROUP fell 18.56%. Based on recent key news:

1.  On July 28, QUANTGROUP announced the completion of a stock placement, issuing approximately 4.5977 million shares and raising about HKD 60 million. Despite the completion of the placement, the stock price fell 11.21% to HKD 12.20, indicating market concerns about the stock performance post-placement.

2.  On July 27, QUANTGROUP's stock price rose 14% to HKD 13.87, as the company completed the placement and introduced strategic investor GoFintech Quantum's subsidiary. The funds will be used for smart hardware procurement, business expansion, and AI foundational model research and development, boosting market confidence.

3.  No other significant news recently. Market concerns about stock performance post-placement, with active trading.

**Stocks with High Trading Volume in the Industry**

Alibaba-W rose 0.99%. Based on recent key news:

1.  On July 27, Changxin Technology was listed on the STAR Market, with Alibaba holding nearly 5% of its shares, resulting in an investment gain of over RMB 160 billion, driving the stock price up. Changxin Technology's stock surged 465.82% on its first day of trading, with a market value exceeding RMB 3.28 trillion. Source: 21st Century Business Herald

2.  On July 27, Alibaba's latest AI Agent product "Qianwen Office" began a small-scale internal test, with expectations for the web and DingTalk embedded versions to be launched successively, further enhancing Alibaba's market competitiveness in the AI field. Source: Domestic media reports

3.  On July 26, IDC released a report showing that Alibaba Cloud ranks first in China's hybrid cloud infrastructure system software, platform software, and services market share, with the highest growth rate, driving Alibaba's stock price up. Source: IDC report. The Hang Seng Index rose nearly 250 points yesterday, reflecting optimistic market sentiment.

JD-SW rose 3.44%. Based on recent news:

1.  On July 27, JD Supermarket incubated emerging track brands through the "Chunxiao Plan," releasing category growth dividends. The search volume for imported beer at JD Supermarket increased by over 30% year-on-year, with overall transaction volume surging by more than 60% year-on-year, driving the stock price up.

2.  On July 27, JD acquired the landmark office building Systems in London's West End, which is expected to become JD's UK headquarters, demonstrating the group's long-term commitment and continued investment in the UK market, enhancing market confidence.

3.  On July 26, JD heavily invested in the robotics sector, continuously investing in multiple robotics companies, empowering the implementation of industrial carriers, and further enhancing the company's future development potential. Global stock markets are experiencing fluctuations, with funds flowing into Hong Kong stocks.

MINISO rose 0.82%. Based on recent news:

1.  On July 28, MINISO announced collaborations with several international brands to launch new product lines, enhancing market competitiveness. This move attracted investor attention, driving the stock price up

2.  On July 27, Miniso Group released its quarterly financial report, showing that both revenue and profit exceeded expectations, leading to a positive market reaction and a subsequent rise in stock price.

3.  On July 26, analysts upgraded Miniso Group's rating, believing that its future growth potential is enormous, further boosting market confidence and increasing the stock price. The overall market performed well, with significant capital inflows.

**Stocks ranked among the top in industry market capitalization**

Jihong Co., Ltd., down 0.33%, with a market capitalization of HKD 5.577 billion, has no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**