On November 29th, the favorites probably outperformed the US stock market for the second day in a row, or ETF$KraneShares CSI China Internet ETF (KWEB.US)$Up nearly 6%$Invesco China Technology ETF (CQQQ.US)$和$NASDAQ Golden Dragon China (.HXC.US)$It's up about 5%.

Among themThe Nasdaq China Golden Dragon Index has risen nearly 30% this month.It is expected to record the biggest one-month increase in history.

Us stocks have seen a strong trend since November, with a number of stocks rising more than 40 per cent in November, and some of them have become regular this year.

According to Futu Information, as of November 29th$Tencent Music (TME.US)$The cumulative increase within the month is as high as 83%.$Futu Holdings Ltd (FUTU.US)$、$Bilibili (BILI.US)$Followed by an increase of 73%$Full Truck Alliance (YMM.US)$、$Kanzhun (BZ.US)$Increase by more than 50%$KE Holdings (BEKE.US)$、$Vipshop (VIPS.US)$、$Pinduoduo (PDD.US)$、$JD.com (JD.US)$、$ZTO Express (ZTO.US)$All rose by more than 40%.

It is worth pointing out,$Futu Holdings Ltd (FUTU.US)$、$Pinduoduo (PDD.US)$、$Vipshop (VIPS.US)$It has recovered all the lost land during the year, up 35%, 35% and 20% respectively during the year.

The higher-than-expected results in the third quarter is one of the reasons for the strength of US-listed stocks. Tencent Music 、 Pinduoduo 、 Bilibili Inc. 、$KUAISHOU-W (01024.HK)$The share price of the company rose sharply after the results were announced.

The third quarterly report of the Internet leader shows that under the support of the strategy of reducing costs and strengthening operational efficiency, the industry has shown a positive signal of "steady rise". Under the support of the better results in the second quarter, many Chinese Internet companies began to rise in the third quarter compared with the same period last year, and their profitability was repaired quarter by quarter. Some loss-making companies also anchored the inflection point of break-even in the fourth quarter.