--- title: "Hong Kong Stock Movement: QUANTGROUP plummets 21.83%, share placement puts pressure on stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/293997391.md" description: "QUANTGROUP fell 21.83%; Alibaba-W rose 2.07%, with a transaction volume of HKD 2.198 billion; JD-SW rose 3.69%, with a transaction volume of HKD 246 million; Jihong Co., Ltd. fell 0.90%, with a transaction volume of HKD 5.21 million; Miniso rose 1.40%, with a market value of HKD 30.1 billion" datetime: "2026-07-28T02:13:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293997391.md) - [en](https://longbridge.com/en/news/293997391.md) - [zh-HK](https://longbridge.com/zh-HK/news/293997391.md) generator: "portal-rs" --- # Hong Kong Stock Movement: QUANTGROUP plummets 21.83%, share placement puts pressure on stock price **Hong Kong Stock Movement** QUANTGROUP fell 21.83%. Based on recent key news: 1. On July 28, QUANTGROUP announced the completion of a share placement, issuing approximately 4.5977 million shares and raising a net amount of about HKD 59.7 million. This led to a stock price drop of 11.21%, to HKD 12.20. 2. On July 27, QUANTGROUP's stock price rose by 14% at one point, reaching HKD 13.87, due to the introduction of GoFintech Quantum as a strategic investor, boosting market confidence. 3. Recently, the resignation of a non-executive director had some impact on market sentiment, but the confirmation of the strategic investment partially offset this negative effect. The market reacted positively to the strategic investor. **Stocks with High Trading Volume in the Industry** Alibaba-W rose 2.07%. 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 RMB 160 billion, driving the stock price up. Changxin Technology's stock price surged by 465.82% on its first day of listing, with a market value exceeding RMB 3.28 trillion. Source: 21st Century Business Herald 2. On July 26, an IDC report showed that Alibaba Cloud leads the market share in China's hybrid cloud market with the highest growth rate, boosting market confidence. IDC predicts an average annual compound growth rate of 18.4% for China's hybrid cloud market from 2025 to 2030. Source: IDC 3. On July 28, the Hang Seng Index rose nearly 250 points, and Alibaba's stock price consolidated around HKD 110, with the market expecting it to test the HKD 120 level. The Hang Seng Index returned to around the 100-day moving average level of approximately 25,200 points. Source: Economic Information Daily, strong industry growth, and significant capital inflow. JD-SW rose 3.69%. Based on recent news: 1. On July 27, JD.com acquired the landmark office building Systems in London's West End, which is expected to become JD's UK headquarters. This acquisition reflects the group's long-term commitment and continued investment in the UK market, driving the stock price up. Source: Viewpoint Network 2. On July 27, JD Supermarket's marketing through the World Cup and other sports events led to a more than 30% year-on-year increase in search volume for imported beer, with overall transaction volume rising over 60% year-on-year, boosting the consumption of craft beer and supporting the stock price increase. Source: Global Financial Network 3. On July 27, JD opened a new branch in Hong Kong, leasing a store on Shau Kei Wan East Street, with rent falling by about 18.6%, demonstrating JD's active expansion in the Hong Kong market, driving the stock price up. Source: Viewpoint Network, global stock markets are experiencing fluctuations, with capital flowing into Chinese assets. Jihong Co., Ltd. fell 0.90%, with a trading volume of HKD 5.21 million, and there has been no significant news recently. The 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 **Stocks Ranked Among the Top in Market Capitalization in the Industry** MINISO rose by 1.40%. MINISO rose by 1.40%. There have been 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. no\_news ### Related Stocks - [02685.HK](https://longbridge.com/en/quote/02685.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [02603.HK](https://longbridge.com/en/quote/02603.HK.md) - [09896.HK](https://longbridge.com/en/quote/09896.HK.md) ## Related News & Research - [Quantgroup Holding schedules board meeting to review interim results and dividend recommendation](https://longbridge.com/en/news/295925648.md) - [Quantgroup Names Leading AI Academic as Chief Scientist to Bolster R&D](https://longbridge.com/en/news/279096484.md) - [Algorand: v5 Mainnet goes live - 22 Aug 2026](https://longbridge.com/en/news/296687546.md) - [QSE Closes Second Tranche of Private Placement of $6 Million | QSEGF Stock News](https://longbridge.com/en/news/296651021.md) - [Asia Naphtha/Gasoline-Gasoline timespreads ease slightly; naphtha activity stays thin](https://longbridge.com/en/news/296600248.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**