KraneShares China Internet (KWEB)

Tracks China's tech giants — Alibaba, Tencent, JD — the consumer internet economy.

$28.8

Trend YoY growth is +28.5%, accelerating by 1.1 pp/month over the last 5Y. Deviations have remained below trend for 55 consecutive periods. Latest: +3.1%, 25.4 pp below trend, a 1.0σ deviation.

Level

YoY %

y = −36.9% + 1.1 pp/mo · t

Deviation from trend

Forecast

Rolling 1Y trend forecast

Forecast made inMay '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26Dec '26Jan '27Feb '27Mar '27Apr '27
May '25+33.6%+36.6%+39.6%+42.6%+45.6%+48.6%+51.6%+54.5%+57.6%+60.6%+63.4%+66.4%+69.3%+72.4%+75.3%+78.3%+81.4%+84.3%+87.4%+90.3%+93.3%+96.4%+99.1%+102.1%
Jun '25+33.5%+36.4%+39.3%+42.3%+45.2%+48.2%+51.0%+54.0%+57.0%+59.7%+62.6%+65.5%+68.5%+71.4%+74.3%+77.3%+80.2%+83.2%+86.0%+89.0%+92.0%+94.7%+97.6%
Jul '25+34.0%+36.7%+39.4%+42.1%+44.8%+47.4%+50.2%+52.9%+55.4%+58.1%+60.7%+63.4%+66.1%+68.8%+71.5%+74.2%+76.9%+79.5%+82.3%+85.0%+87.4%+90.2%
Aug '25+35.0%+37.2%+39.3%+41.5%+43.7%+45.9%+48.1%+50.1%+52.3%+54.4%+56.6%+58.7%+60.9%+63.1%+65.3%+67.5%+69.6%+71.8%+74.0%+76.0%+78.2%
Sep '25+38.8%+40.8%+42.8%+44.8%+46.9%+48.9%+50.7%+52.8%+54.8%+56.8%+58.8%+60.8%+62.9%+64.8%+66.9%+68.9%+70.9%+73.0%+74.8%+76.8%
Oct '25+40.3%+42.2%+44.0%+45.9%+47.8%+49.6%+51.5%+53.3%+55.2%+57.1%+59.0%+60.9%+62.7%+64.6%+66.5%+68.4%+70.3%+72.0%+73.9%
Nov '25+38.6%+40.1%+41.7%+43.3%+44.7%+46.3%+47.8%+49.4%+50.9%+52.5%+54.1%+55.6%+57.2%+58.7%+60.3%+61.9%+63.3%+64.9%
Dec '25+34.8%+35.5%+36.2%+36.8%+37.5%+38.2%+38.9%+39.6%+40.3%+41.0%+41.7%+42.4%+43.1%+43.8%+44.5%+45.2%+45.9%
Jan '26+31.1%+31.0%+30.9%+30.9%+30.8%+30.7%+30.7%+30.6%+30.5%+30.4%+30.4%+30.3%+30.2%+30.2%+30.1%+30.0%
Feb '26+28.4%+28.0%+27.5%+27.0%+26.6%+26.1%+25.7%+25.2%+24.7%+24.3%+23.8%+23.4%+22.9%+22.5%+22.0%
Mar '26+20.6%+19.3%+18.2%+16.9%+15.8%+14.5%+13.3%+12.1%+10.9%+9.7%+8.5%+7.3%+6.2%+4.9%
Apr '26+10.1%+7.8%+5.5%+3.2%+0.8%-1.5%-3.8%-6.2%-8.4%-10.8%-13.2%-15.3%-17.6%