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Daiwa: Top Picks in CN Internet Sector Are Alibaba/ Tencent/ Trip.com Group/ PDD/ Others
2025-04-25 12:09:22
The KraneShares Trust KraneShares CSI China Internet ETF (KWEB.US) and the HSTECH plunged 10% and 10.5% each over the past month, driven by uncertainty from geopolitical risks, according to Daiwa's research report.

The broker believed that US-China relations have reached “peak confrontation” and may return to constructive developments in the future. Daiwa's top picks in China's internet sector are Alibaba Group Holding (BABA.US), Trip.com Group (TCOM.US), TENCENT (00700.HK), PDD Holdings (PDD.US) and Sea (SE.US), while the broker was also bullish on Full Truck Alliance (YMM.US).
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