the FANGhai Composite Index which includes BABA, PDD, BIDU, BYDDF, XIACY, JD & TCEHY. Below is what this index chart looks like.
Full article >>>
Think about this Index as representing the most important companies in China that trade on US exchanges. Here's a quick rundown of China's "Magnificent 7":
-> Alibaba Group (BABA): Leading global e-commerce and cloud services giant, often compared to Amazon. This is truly the "Amazon of China,” with a heavy footprint in e-commerce and digital services.
-> Pinduoduo (PDD): E-commerce platform rapidly growing through its group-buying model. Think of this one as the discount online marketplace of China, focusing on social commerce and price-conscious consumers.
-> Baidu (BIDU): China's top search engine and a leader in AI development, particularly autonomous driving and voice recognition. Think of this one as the "Google of China,” with a strong emphasis on AI and search.
-> BYD Co. Ltd. (BYDDF): A major manufacturer of electric vehicles (EVs) and batteries. This is the "Tesla of China.” It even trades more like Tesla than it does Chinese Stocks.
-> Xiaomi Corp (XIACY): A leading Chinese electronics manufacturer known for its smartphones, smart home devices, and plans for electric vehicles (EVs). This one is emerging as the “Apple of China,” or at least one of them. Their phones & electronics have a huge presence in Asia & Latin America.
-> JD.com (JD): Another e-commerce retailer in China. JD is actually the largest by sales and has become a leader in logistics with a robust ecosystem of physical and digital stores. Think of this one as a Chinese hybrid of Walmart and Amazon. JD’s subsidiary, JD Health, is the largest online healthcare platform in China.
-> Tencent (TCEHY): A global leader in social media (WeChat), gaming (Riot Games), and digital payments and services. This is basically the “Facebook of China.”
