BABA with Nobias technology: Up 35% Alibaba is still a Stock with Significant Upside
After months of selling pressure, largely due to regulatory issues, the Chinese tech sector saw a major rebound this week. The KraneShares CSI China Internet ETF (KWEB) has now rallied 43.19% during the last 5 trading sessions alone. It’s important to note that even after this massive rally, the KWEB is still down 14.66% on a year-to-date basis. During the trailing twelve months, the KWEB index is down 63%. Evelyn Chang published an article at CNBC this week highlighting the inspiration for last week’s rally.