
After years of losing ground to regulations and slow expansion, Chinese tech stocks are roaring back, and U.S.-listed ETFs tracking them are enjoying the ride.
Hang Seng Tech Index, which follows Hong Kong-listed giants like Alibaba Group Holding Ltd (NYSE:BABA), Baidu Inc (NASDAQ:BIDU), JD.com Inc (NASDAQ:JD), and Semiconductor Manufacturing International Corp (SMIC), rose 4.3% Wednesday to the highest since November 2021, as noted by Bloomberg. The benchmark is 45% higher in 2025 so far, driven by a mania of bets on artificial intelligence and signs of an easing in U.S.-China tensions.