China’s Digital Athletes: Q3 China Internet Sector Earnings Report
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Want to earn $3 million just by playing video games? Now you can! E-Sports, or competitive gaming, is a rapidly growing segment of the gaming industry in China and across the globe. Learn more about the E-Sports industry in China and how to access its rise through the KraneShares CSI China Internet ETF (Ticker: KWEB), an ETF that captures China’s booming internet sector with an eye to the long-term growth potential of the Chinese consumer.
Our Q3 China Internet Sector Quarterly Earnings Report analyzes the third quarter results of the top holdings within KWEB and identifies key themes impacting internet companies in China.
- Sales and marketing efforts are on display as competition heats up in E-Commerce. During Singles’ Day, the biggest E-Commerce shopping day in the world, Alibaba hit a record of $38.4 billion in sales.
- Expect to see unicorn tech startups coming out of China. Q3 saw the opening of China’s new Nasdaq-style, startup-focused tech board called the Science and Technology Innovation Board, or “STAR Market”.
- The rise of E-Sports