China Internet2 Jan 2022 15:23
Following the Chinese state crackdown on tech this is down some 45% in 2021.
I'm looking to buy though based on this long term view;
https://www.cnbc.com/2021/11/23/investor-predicts-chinas-regulatory-crackdown-on-tech-could-last-decades.html
Then just some of the size and coverage facts here;
https://kraneshares.com/resources/factsheet/2021_11_30_kweb_factsheet.pdf
KWEB Provides (KWBP in UK is same I reckon but needs checked) :
Access to Chinese internet companies that provide similar services as Google, Facebook, Twitter, eBay, Amazon, etc.
Exposure to companies benefitting from increasing domestic consumption by China's growing middle class
Exposure to Chinese internet companies listed in both the United States and Hong Kong
China Internet Sector Highlights:
Chinese retail web sales totaled $1.8 trillion in 2020 (compared to $861 billion in the United States).
China's internet population reached 904 million people in 2020, a penetration rate of only 64.5% . The U.S. internet population reached 297 million people, a penetration rate of 85.8% in June 2020 .
Total Chinese retail sales reached US$6 trillion in 2020
Online shopping accounted for 30% of retail purchases in China in 2020