Can China Stocks Continue to Outperform? What the Charts Say About Bilibili, Vipshop, WeRide

Bilibili stock may be poised to rally. (Bloomberg)

Key Points

About This Summary

• Chinese internet stocks are significantly outperforming their U.S. counterparts in 2025.
• Bilibili, the online entertainment platform, is exhibiting a strong uptrend with potential to reach $35 by year end.
• WeRide, the autonomous driving play, may be turning around, targeting $16 by mid-Q4.

While U.S. equity indexes have staged impressive rallies off the April “Liberation Day” lows, they continue to lag many international peers, notably China. A glance at year to date returns of the leading internet ETFs in both markets underscores the divergence.

The has surged nearly 50% in 2025, while the First Trust Dow Jones Internet ETF has gained less than 20%. I wrote about this in July. Trends once in motion tend to remain in motion. This concept shows few signs of reversing as we approach year end. With that in mind, let’s examine a few Chinese stocks that could continue to ride this wave higher.

KWEB was trading at $41.52 Monday.

Chinese internet stocks continue to outperform their U.S. counterparts.

Bilibili, the online entertainment platform, has soared 50% year to date and has doubled off its early Q2 lows. The weekly chart highlights how the stock has been repelled repeatedly near the $25 level, until a decisive breakout two weeks ago when shares rallied nearly 14% on elevated volume. Last week added another 7%, signaling strong follow-through and crushing KWEB’s gain of 2.7%. BILI is now trading comfortably above a $24.77 double-bottom pivot, around $27/share. Any pullback toward the $26 area presents a buying opportunity. Technicians may also interpret the move as a breakout from a bull flag pattern. A run toward $35 by year end appears well within reach.

Bilibili was trading at $26.96 Monday.

BILI is rebounding following a weekly double bottom breakout.

Vipshop, the discount e-commerce retailer, has climbed 36% year to date and currently offers a 2.6% dividend yield, giving shareholders both capital appreciation and income. Technically, the setup remains constructive. Shares are holding well above a cup-with-handle breakout pivot at $17.57, taken out on Sept. 9. We know the best breakouts tend to materialize right away. The $18 level, which provided previous resistance in both October and March, is now acting as support. This reinforces the bullish narrative. So does Chinese retail data. The stock appears positioned for a move toward the $22–$23 range by year-end.

Vipshop was trading at $18.29 Monday.

Vipshop continues to trade well above $18, a previous area of struggle.

WeRide, an autonomous driving play, is struggling in 2025, down 19% heading into this week. A technical turnaround may be in motion however. Keep in mind that Nvidia took a position in the company earlier this year.

After tumbling 74% from its February highs, the stock appears to be finding confidence above the very round $10 number. It previously failed to broach it multiple times between May and August. WRD has now closed above that threshold for five consecutive sessions. On Friday, shares surged 10% on heavy volume, breaking decisively out of a symmetrical triangle formation. Even news that Warren Buffett was divesting his stake in Chinese electric vehicle maker BYD failed to dent investor enthusiasm as WDR rallied at today’s open. Traders may consider initiating positions here, with an eye to add on a move through the 200-day simple moving average at $12.25. A run toward $16 by mid-Q4 looks like a possible destination.

WeRide ADR was trading at $11.96 Monday.

Round number theory has came into play with WeRide.

Write to Doug Busch at douglas.busch@barrons.com