"KWEBLN Holdings","As of 2025-08-22","Holdings Are Subject To Change" Rank,"Company Name","% of Net Assets",Ticker,Identifier,"Shares Held","Market Value($)" 1,"TENCENT HOLDINGS LTD",10.84,700,KYG875721634,"985,100","75,643,093" 2,"ALIBABA GROUP HOLDING LTD",8.48,9988,KYG017191142,"3,917,524","59,160,438" 3,"PDD HOLDINGS INC",8.01,PDD,US7223041028,"439,586","55,875,776" 4,"MEITUAN-CLASS B",6.00,3690,KYG596691041,"2,761,600","41,845,637" 5,"JD.COM INC-CLASS A",5.10,9618,KYG8208B1014,"2,292,026","35,610,325" 6,"JD HEALTH",4.99,6618,KYG5074A1004,"4,288,200","34,848,691" 7,"TENCENT MUSI-ADR",4.96,TME,US88034P1093,"1,365,030","34,603,511" 8,"KUAISHOU TECHNOLOGY",4.63,1024,KYG532631028,"3,372,000","32,322,660" 9,"KANZHUN LTD - ADR",4.56,BZ,US48553T1060,"1,392,967","31,815,366" 10,"TRIP.COM GROUP LTD",3.84,9961,KYG9066F1019,"414,861","26,812,154" 11,"BAIDU INC-CLASS A",3.71,9888,KYG070341048,"2,360,830","25,877,945" 12,"NETEASE INC",3.70,9999,KYG6427A1022,"982,140","25,792,205" 13,"FULL TRUCK A-ADR",3.66,YMM,US35969L1089,"2,005,319","25,527,711" 14,"KE HOLDINGS INC-CL A",3.57,2423,KYG5223Y1089,"4,047,300","24,934,990" 15,"BILIBILI INC-CLASS Z",3.46,9626,KYG1098A1013,"1,021,847","24,154,079" 16,"VIPSHOP HOLD-ADR",3.06,VIPS,US92763W1036,"1,237,806","21,364,532" 17,"TAL EDUCATION GROUP- ADR",2.58,TAL,US8740801043,"1,655,273","17,992,818" 18,"ALIBABA HEALTH",2.16,241,BMG0171K1018,"21,344,000","15,050,992" 19,"QFIN HOLDINGS INC-ADR",2.06,QFIN,US88557W1018,"456,694","14,363,026" 20,"KINGSOFT CORP LTD",1.93,3888,KYG5264Y1089,"3,016,200","13,471,727" 21,"TONGCHENG TRAVEL HOLDINGS",1.79,780,KYG8918W1069,"4,694,800","12,473,323" 22,"NETEASE CLOUD MUSIC INC",1.48,9899,KYG2215N1097,"280,850","10,315,589" 23,"CHINA LITERATURE LTD",1.31,772,KYG2121R1039,"1,750,200","9,165,602" 24,"ZHONGAN ONLINE-H",1.10,6060,CNE100002QY7,"2,944,800","7,673,108" 25,"AUTOHOME INC-ADR",1.03,ATHM,US05278C1071,"243,879","7,160,287" 26,"JOYY INC-ADR",0.79,YY,US46591M1099,"106,152","5,502,920" 27,"IQIYI INC-ADR",0.69,IQ,US46267X1081,"1,956,106","4,812,021" 28,"WEIBO CORP-SPON ADR",0.55,WB,US9485961018,"336,831","3,866,820" 29,Cash,-0.01,,–,"-56,370","-56,370"