Lab · Sector Engine · Tech theme
China Internet
Chinese internet platforms — Alibaba, Tencent, Meituan, JD, PDD, Baidu, NetEase. Distinct theme due to regulatory regime, ADR structure, and macro exposure. Used as a stress-test counterparty against US Tech in cross-region pair work.
Primary ETF: KWEB.US
Snapshot Jul 13, 2026 · refreshed daily.
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YTD
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China Internet vs Global Tech
How KWEB.US performs against the GICS Tech sector aggregated across our four regions (US 0.66 / Europe 0.17 / Asia-Pac DM 0.06 / EM 0.11). Positive numbers mean this theme is outperforming the broader sector.
| Window | China Internet (KWEB.US) | Global Tech | Spread |
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All 7 Tech themes side-by-side
The full theme block sorted by 1-month return. Click a theme to drill in.
| Theme | 5d | 1m | 3m | YTD | Source |
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Closelook IP overlap
No Closelook-proprietary index covers this theme today. China Internet sits outside the screen logic of Rubin / HALO / AW40 / Euro-AI — it's tracked here because the cross-region pair work uses KWEB.US as a stress-test counterparty against US Tech.
Reading China Internet against the engine
The theme is measured through KWEB — common vehicles for this exposure, named for education, not recommendation. Two comparisons carry the information: the theme against the global Technology sector (is the theme leading or lagging its own sector?) and against its sibling themes on this desk (where inside tech the money actually sits). Daily readings load above; the dispersion desk shows who inside each vehicle is doing the work.
Diary view, not advice. Methodology in methodology.md. Back to Technology sector · global heatmap.