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HUYA - JD.Com Embroiled In Fraud Accusation; Tencent Makes Moves
HUYA Inc. American depositary shares each representing one Class A
By ALT Perspective
After a stalemate start to July, the shares of the prominent few Chinese internet stocks (FXI) (CQQQ) generally lost momentum and gave up gains from late June. In particular, the sector representative ETF, the KraneShares CSI China Internet ETF (KWEB) declined 2.6 percent for the week led by losses from Alibaba Group (BABA), Ctrip.com (CTRP), Pinduoduo (PDD), and TAL Education (TAL).