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China '24: Tech Conglom
7 tickers · $1.61T total market cap
Group: China
China's leading Tech Conglomerates are strategically positioned for a rebound in Spring 2025 due to government-driven domestic stimulus, accelerating digitalization across consumer sectors, and ongoing restructuring efforts leading to leaner, more policy-aligned corporate structures. Despite tariff pressures, dominant market positions, strong domestic brands, and government incentives support a sustainable recovery path.
China '24: Tech Conglom tracks 7 publicly listed stocks in this theme: 0700.HK, 3690.HK, BABA, BIDU, JD, NTES, TCEHY. See the constituent table for details.
Thesis update: 2025-04-03
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Tencent Holdings Limited0700.HK | 05/13/2026 (AMC) | 05/13/2026 (AMC) | -7.65% | 0.66% | -9.99% | 1.12% | $530.85B | 14.2857 |
Tencent Holdings LimitedTCEHY | 05/13/2026 (BMO) | 05/13/2026 (BMO) | -6.31% | -0.15% | -10.07% | 0.69% | $530.04B | 14.2857 |
Alibaba Group Holding LimitedBABA | 05/13/2026 (BMO) | 05/13/2026 (BMO) | -8.94% | 4.70% | 10.11% | -3.88% | $315.00B | 14.2857 |
NetEase, Inc.NTES | 02/11/2026 (AMC) | 05/21/2026 (AMC) | 1.78% | — | -3.11% | — | $73.06B | 14.2857 |
Meituan3690.HK | 03/26/2026 (AMC) | 05/22/2026 (AMC) | -1.00% | — | -3.32% | — | $65.48B | 14.2857 |
Baidu, Inc.BIDU | 05/18/2026 (AMC) | 05/18/2026 (AMC) | -5.71% | 1.74% | 13.31% | 10.64% | $46.85B | 14.2857 |
JD.com, Inc.JD | 05/12/2026 (BMO) | 05/12/2026 (BMO) | 6.42% | 10.61% | 12.95% | -4.12% | $44.41B | 14.2857 |
| Average | -3.06% | 3.51% | 1.41% | 0.89% | $229.38B | 14.2857 | ||
| Median | -5.71% | 1.74% | -3.11% | 0.69% | $73.06B | 14.2857 | ||
| Std Dev | 5.22% | 3.91% | 9.67% | 5.35% | $209.57B | 0.0% | ||
| Min | -8.94% | -0.15% | -10.07% | -4.12% | $44.41B | 14.2857 | ||
| Max | 6.42% | 10.61% | 13.31% | 10.64% | $530.85B | 14.2857 | ||
| % Positive Tickers | 28.57% | 80.00% | 42.86% | 60.00% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.