Granted, the earnings bar was set low. The stock is still in the doldrums year-to-date and much of the gains seen earlier today have evaporated, but shares of Alibaba Group Holding Ltd (NYSE: BABA) are higher by about 3 percent at this writing.
The Chinese e-commerce giant reported third-quarter earnings of three cents per share on a modest revenue beat. With enthusiasm for Alibaba's earnings waning, the KraneShares CSI China Internet Fund (KraneShares Trust (NASDAQ: KWEB)), one of the exchange-traded funds with the largest weight to Alibaba, is trading slightly lower at this writing.
Look Again At KWEB
However, the KraneShares CSI China Internet Fund is deserving of investors' attention. At least it certainly was several weeks ago. KWEB has been crushing the iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: FXI), the largest U.S.-listed China ETF, over the past several weeks.
“There were a couple of interesting observations worth mentioning in the last few ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5945316/china-internet-etf-roars-back alt=China Internet ETF Roars Back>Full story available on Benzinga.com
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