KraneShares 2x Long BABA Daily ETF

KBAB

Market cap $2.94M

On Friday, Alibaba posted its financial results for the June 2025 quarter. Given the tense trade relations between the U.S. and China, many analysts were eager to see how the e-commerce expert is handling macroeconomic conditions.

KraneShares announced the launch of its newest single-stock leveraged ETF focused on Mercado Libre. The KraneShares 2x Long MELI Daily ETF (KMLI) trades on the Nasdaq and expands the firm's existing single-stock leveraged suite.

KraneShares announced today the first two entries into its new single-stock leveraged ETF suite, launched on Nasdaq. The KraneShares 2x Long PDD Daily ETF (KPDD) and the KraneShares 2X Long BABA Daily ETF (KBAB) offer leveraged exposure to two of China's largest internet companies.