While the revenue performance of Alibaba was encouraging, profitability was a big disappointment as it took hit from a higher tax bill.
This China internet ETF is delivering a stunning 2017 performance.
Three exchange-traded funds that climbed to the top of our Tuesday performance ranking all had one thing in common: Chinese internet stocks. The KraneShares CSI China Internet (KWEB) gained 3.3%. Invesco's China ETF has more than 40% of assets in information technology stocks and another 40% in consumer discretionary companies.