A Single ETF Built for Leveraged Daily Exposure to Alibaba
A KraneShares exchange-traded fund designed to deliver leveraged exposure to Alibaba’s daily stock movements through a structured ETF format.
KraneShares has introduced the KraneShares 2× Long Alibaba Daily ETF (KBAB), a single-stock leveraged exchange-traded fund designed to seek approximately twice (200%) the daily percentage change of the U.S.-listed shares or American Depositary Receipt (ADR) of Alibaba Group Holding Limited (NYSE: BABA), before fees and expenses. The ETF is structured to provide amplified exposure to Alibaba’s day-to-day stock price movements, resetting its exposure each trading day and offering investors a tactical, exchange-traded vehicle for expressing short-term bullish views on Alibaba’s stock.
KraneShares 2× Long Alibaba Daily ETF (KBAB)
The KraneShares 2X Long BABA Daily ETF (KBAB) is a single-stock leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change of the U.S.-listed shares or American Depositary Receipt (ADR) of Alibaba Group Holding Limited (NYSE: BABA).
Alibaba is the world’s third-largest e-commerce retailer by revenue, generating approximately $136 billion in total revenue in 2024, ranking behind only Amazon and JD.com. The company operates a diversified, global business spanning e-commerce marketplaces, artificial intelligence and cloud computing services, logistics infrastructure, digital payments and financial technology, media, and local consumer services. This breadth of operations ties Alibaba’s stock performance to a wide range of economic, technological, and consumer-driven trends, often resulting in notable day-to-day price movements.
Alibaba has demonstrated higher historical annual growth rates than Amazon, and recent developments in artificial intelligence have contributed to renewed market attention. In particular, the company’s advancements in AI—including the launch of its Qwen 2.5 series large language model—have supported momentum across its technology and cloud-related businesses.
KBAB is designed to amplify those daily stock movements through a leveraged ETF structure. On days when Alibaba’s ADR increases in value, the fund seeks to deliver approximately twice the stock’s daily percentage gain. The fund’s objective applies strictly to daily performance, making KBAB a tool for investors seeking short-term, bullish exposure rather than long-term buy-and-hold investment results.
By providing leveraged exposure within an ETF wrapper, KBAB allows investors to access leverage without directly borrowing capital or maintaining collateral, while limiting potential losses to the amount invested in the fund. The ETF structure offers a transparent, exchange-traded way to express near-term views on Alibaba’s stock.
KraneShares views China Internet as an important global growth theme, highlighting that China’s online retail sales exceeded $2 trillion in 2024, compared with approximately $1 trillion in the United States. Within this broader market backdrop, KBAB provides focused exposure to one of the largest and most influential companies operating in global e-commerce and digital services.
For investors interested in additional leveraged single-stock strategies, KraneShares also offers the KraneShares 2X Long PDD Daily ETF (KPDD), which seeks daily investment results of two times the daily percentage change of PDD Holdings’ U.S.-listed shares or ADR. PDD is the parent company of Temu and the world’s fourth-largest e-commerce retailer, with operations in more than 19 countries.
Meet the Executive Team at KraneShares behind this ETF (NASDAQ: KBAB)
Jonathan Krane
Chief Executive Officer
Jonathan Krane is the Founder and Chief Executive Officer of KraneShares, a global asset management firm delivering research-driven, high-conviction investment strategies across China, emerging technologies, alternatives, and income. Under his leadership, KraneShares has become a recognized leader in thematic and international investing, with a platform designed to connect global investors to some of the world’s most strategic growth opportunities.
Jonathan has spent more than two decades working with companies in China and has been instrumental in the development of the firm’s flagship China strategies, including KWEB, one of the largest China-focused ETFs globally. He has also overseen KraneShares’ expansion into carbon markets, AI and robotics, and other emerging areas shaping the global economy.
Jonathan holds an MBA from Columbia Business School and a BA from Connecticut College. He serves on the Board of Trustees of Connecticut College and is a member of the Young Presidents’ Organization (YPO). Jonathan is also the author of The China Dream, a Wall Street Journal bestseller.
Jonathan Shelon, CFA
Chief Operating Officer
Jonathan Shelon is the Chief Operating Officer at KraneShares and joined the firm in 2015. He oversees several business functions that drive efficient growth, and serves on the leadership team.
Jonathan has extensive experience in managing investment portfolios and diverse teams at leading asset management organizations. Prior to Krane, Jonathan was the Chief Investment Officer of the Specialized Strategies Team at J.P. Morgan, overseeing $40 billion in AUM. Prior to joining J.P. Morgan, Jonathan was a portfolio manager at Fidelity Investments where he was responsible for $150 billion in assets for over five million shareholders in Fidelity’s target date strategies, the Freedom Funds. Before Fidelity, Jonathan was a quantitative consultant in the Capital Markets Research Group of Callan Associates where he developed strategic investment plans for institutional clients.
Jonathan received a Bachelor of Business Administration degree in actuarial science from the Fox School of Business and Management at Temple University, and is a Fellow of the Society of Actuaries and Chartered Financial Analyst charter holder.
Brendan Ahern
Chief Investment Officer
Brendan Ahern is the Chief Investment Officer at KraneShares. Brendan joined KraneShares in 2013. Brendan leads the firm’s research and education efforts and actively works with investors on a variety of subjects ranging from asset allocation to trading to articulating the growing influence that index providers hold in the asset management industry. Prior experience includes over ten years with Barclays Global Investors (subsequently BlackRock’s iShares), which he joined in 2001 during the rollout of their ETF business. His career has spanned a period of tremendous growth for ETFs, which has contributed to his profound knowledge of the ETF landscape.
Brendan is considered a preeminent expert in global financial markets with a particular focus on China. He is a frequent visitor to China and actively maintains daily contact with a deep local research network comprised of investment banks, brokers, and regional and boutique research firms. He produces a daily update called China Last Night, which also appears as a column on Forbes.com. He is often sought after by leading business and financial outlets and regularly appears on CNBC and Bloomberg to discuss China’s capital markets. He is a frequent guest of Bloomberg Radio’s Daybreak Asia, and he is quoted in The Wall Street Journal and Investor’s Business Daily.
Brendan graduated from the College of the Holy Cross and has a Master of Science in Financial Analysis from the University of San Francisco.
Sources
- https://finance.yahoo.com/quote/KBAB/
- https://kraneshares.com/etf/kbab/
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