Domestic Travel in China Surpasses 2019 Levels, KWEB Gains
June 08, 2023 at 14:22 PM EDT
Trip.com, an international travel agency headquartered in China, smashed domestic earnings expectations. It’s a reflection of China’s strong domestic consumer recovery that funds like the KraneShares CSI China Internet ETF (KWEB) stand to benefit from. The travel giant reported 124% revenue gains year-over-year explained Brendan Ahern, CIO of KraneShares, in the China Last Night blog. [...] The post Domestic Travel in China Surpasses 2019 Levels, KWEB Gains appeared first on ETF Trends .