--- title: "Hong Kong Stock Movement: QUANTGROUP plummets 20.17%, shareholder stock holdings raise concerns about reduction in holdings" type: "News" locale: "en" url: "https://longbridge.com/en/news/294137398.md" description: "QUANTGROUP fell by 20.17%; Alibaba-W rose by 1.70%, with a transaction volume of HKD 1.752 billion; JD-SW rose by 1.61%, with a transaction volume of HKD 231 million; Miniso rose by 3.54%, with a transaction volume of HKD 13.78 million; Jihong Co., Ltd. fell by 0.66%, with a market value of HKD 5.527 billion" datetime: "2026-07-29T01:58:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294137398.md) - [en](https://longbridge.com/en/news/294137398.md) - [zh-HK](https://longbridge.com/zh-HK/news/294137398.md) --- # Hong Kong Stock Movement: QUANTGROUP plummets 20.17%, shareholder stock holdings raise concerns about reduction in holdings **Hong Kong Stock Market Movements** QUANTGROUP plummeted 20.17%. Based on recent key news: 1. On July 28, QUANTGROUP's stock price fell 61.1%, hitting a historic low, as shareholders deposited a large number of shares into multiple securities firms, raising market concerns about further placements or reductions. The trading volume reached HKD 1.062 billion. Source: Economic Information Daily 2. On July 28, Zhitong Finance reported that QUANTGROUP dropped over 60% in the afternoon, with the stock price hitting a low of HKD 4.87, marking a historic low. The market expressed concerns about the potential risks of the company's crossover from e-commerce to the physical AI sector. Source: Zhitong Finance 3. On July 27, QUANTGROUP experienced position changes, with a total market value of HKD 1.87 billion, accounting for 29.79%. Shareholders deposited stocks into Fosun International Securities, increasing their shareholding ratio by 11.19%. Source: Latest data from the Hong Kong Stock Exchange raised doubts about the risks of crossover AI sectors. **Stocks with High Trading Volume in the Industry** Alibaba-W rose 1.70%. 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 HKD 160 billion, driving the stock price up. 2. On July 28, the Hang Seng Index rose nearly 250 points yesterday, and Alibaba's stock price has been consolidating around HKD 110 for several days. If it stabilizes, the next step may test the HKD 120 level. 3. On July 28, global stock markets performed strongly driven by the AI wave, with market funds shifting towards undervalued and defensive tech stocks, bringing Alibaba back into market focus. The rotation of market funds accelerated, attracting attention to tech stocks. JD-SW rose 1.61%. Based on recent key news: 1. On July 28, JD announced the launch of a new "unmanned vehicle + subway" urban delivery model in Shenzhen, improving logistics efficiency and reducing transportation costs by about 60%. This innovative initiative boosted market confidence in JD's logistics capabilities, driving the stock price up. 2. On July 28, JD purchased a landmark office building in the UK as its European headquarters, demonstrating a long-term commitment and continued investment in the UK market, enhancing investor confidence in JD's international strategy, benefiting the stock price. 3. On July 28, JD ranked 41st on the Fortune Global 500 list, showcasing its competitiveness and growth potential in the global market, further boosting market confidence. Global stock markets fluctuated, attracting capital inflows into Hong Kong stocks. MINISO rose 3.54%. Based on recent key news: 1. On July 29, MINISO attracted market attention due to its creative collaborations with well-known brands and immersive store experiences. The company has over 8,500 stores in more than 100 countries and regions globally, and this expansion and innovation enhanced its market image, driving the stock price up. 2. Recently, MINISO's expansion in the US market has also sparked investor interest. The company has over 380 stores in the US, and this international strategy has strengthened its global influence, further supporting the rise in stock price On July 28th, with increased interest rate fluctuations in the macroeconomic environment, investors sought safe-haven assets. However, Miniso attracted capital inflows and performed well due to its unique market positioning and brand collaborations. The trends of innovation and global expansion in the retail industry are significant. **Stocks ranked at the top of the industry by market capitalization** Jihong Co., Ltd. fell by 0.66%, with a market capitalization of HKD 5.527 billion, and there has been no significant news recently. The trading is active, and the capital flow is evident. 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