KWEB

手续费 0.7%，算高。不过美股好像就一个？

The KraneShares CSI China Internet ETF (KWEB) provides access to Chinese internet companies that provide similar services as Google, Facebook, Twitter, eBay, Amazon, etc.

https://kraneshares.com/kweb/

2025 PE


| Symbol   | Company                        | % Assets | PE
|----------|--------------------------------|----------|
| 0700.HK  | TENCENT                        | 9.73%    | 24
| 9988.HK  | Alibaba Group Holding Limited  | 9.29%    | 24
| PDD      | PDD Holdings Inc.              | 7.28%    | 11
| 3690.HK  | Meituan                        | 7.03%    | 28
| 9961.HK  | Trip.com Group Limited         | 5.76%    | 19
| 9999.HK  | NetEase, Inc.                  | 4.30%    | 18
| 9618.HK  | JD.com, Inc.                   | 4.18%    | 12
| 9888.HK  | Baidu, Inc.                    | 4.01%    | 9
| YMM      | Full Truck Alliance Co. Ltd.   | 3.83%    | 30
| BZ       | Kanzhun Limited                | 3.79%    | 33

PE = 24 * 0.097 + 24 * 0.092 + 11 * 0.072 +28 * 0.07 + 19 * 0.057 +18 * 0.043 + 12 * 0.041 + 9 * 0.04 + 30 * 0.04 + 33 * 0.038 + 20 * 0.4 = 20.45

TOP10 = 0.097 + 0.092 + 0.072 + 0.07 + 0.057 + 0.043 + 0.041 + 0.04 + 0.038 + 0.038 = 60%

PE 计算结论：中概互联前 10 占 60% ，假设其他 40% 的 PE 是 20，前 10 加权和，得出和雅虎财经一致的结果 ‣

达到 50 PE，需要股价 87.5