Alibaba founder Jack Ma. Photo: AFP

Shares of Facebook, Amazon, Google parent Alphabet, and Netflix have all posted gains of more than 20% this year, but as the WSJ reports, China’s tech heavy weights make the US tech rally look modest.

Tencent and Alibaba have both jumped more than 40%, and investors don’t expect them to slow down just yet.

“Fundamentals for these large-cap internet stocks have been pretty resilient,” John Choi of Daiwa Capital Markets was quoted by the WSJ as saying. “The overall momentum is still very strong and I think there is more to come.”

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.