To The Moon

🌟🌟🌟$KraneShares CSI China Internet ETF(KWEB)$ represents of the best Chinese companies whose primary businesses are focused on Internet and Internet related Technology. These include publicly traded securities either on the Hong Kong Stock Exchange, Nasdaq or New York Stock Exchange. The Top 10 holdings include $TENCENT(00700)$ $Alibaba(09988)$ $MEITUAN-W(03690)$ JD.com, $PDD Holdings Inc(PDD)$ Trip.com, KE Holdings, Netease, Baidu and VIPShop Holdings. The Top 10 weightage is 62%. Total number of holdings is 33. The expense ratio is 0.70%. Dividends are paid once a year. The current dividend yield is 1.73%. Tencent is a Chinese Tech Giant, one of the world's largest video games company. Its WeChat super app has more than 1 billion users worldwide and is very much part of the daily lives of people in China. They use it to chat, shop, watch videos, play games, order food and much more. Alibaba is the largest Chinese ECommerce company whose businesses include international commerce, local consumer services, Cainiao logistics, Cloud computing, digital media and entertainment. Alibaba has recently announced that it is upgrading its Hong Kong listing to Primary listing with effect from August 28. This move makes Alibaba eligible for Stock Connect programs with Shanghai and Shenzhen Stock Exchanges in mainland China. This is a good move as qualified mainland investors would then be able to invest in Alibaba via the Southbound (Mainland China to Hong Kong) connect schemes, thus enlarging Alibaba 's investor base and increase liquidity. Meituan provides various services including catering, instant food ordering, car hailing, bike sharing, on demand delivery, hotel and travel booking, movie ticketing, delivery services, entertainment and lifestyle services. JD.com is the 3rd largest Chinese ECommerce company. JD's businesses includes multiple sectors including retail, technology, logistics, healthcare, industrial solutions, private label products, insurance and many more. JD.com has recently posted some strong earnings on August 15. Its quarterly profit nearly doubled as it rose 92% from a year earlier to RMB 12.64 (USD 1.77 billion). However its revenue grew 1.2% due to competitive pressures from Alibaba and PDD. PDD is China No. 2 ECommerce Giant that offer a wide range of products from daily groceries to home appliances with an emphasis on value for money. PDD's International arm, Temu has been growing rapidly in recent years. Temu is now available in the US, Canada, Australia, New Zealand as well European markets including UK, France, Spain, Germany, Italy, the Netherlands. Temu is also rapidly expanding in Asia from Japan, South Korea to South East Asian countries. Recently PDD has missed market expectations for its Q2 24 revenue on Monday. The downbeat comments from its management have caused PDD 's share price to drop 35% in the past 5 days. However PDD is up 4.7% on Thursday. These are some of the biggest and strongest holdings in KWEB. Performance wise KWEB is up 2.5% on Thursday but down 3.7% in the past 5 days. It has dropped 2.7% year todate and in 2023, KWEB has dropped 13%. Wall Street Analysts are bullish on KWEB with a Strong Buy rating, Average Target price of USD 37.26 according to 23 analysts surveyed by Tipranks. This is an upside potential of 46%. I believe that KWEB is undervalued and oversold. According to Statista, Chinese retail sales reached USD 6.5 trillion in 2023. Online shopping accounted for 32% of retail purchases in China in 2023. China is the world's 2nd largest economy and has 1.43 billion people as at January 2024. I have just started to invest in KWEB recently as I believe that it offers me a diversified approach to investing in the best Chinese Internet Giants at a low cost. The recent sell off of PDD may have impacted KWEB's share price negatively but fortunately PDD only takes up 5% of KWEB holdings. KWEB ETF - the power of the best Chinese Tech Giants in just 1 ETF! 🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰 @Daily_Discussion @TigerStars @Tiger_comments @MillionaireTiger @CaptainTiger