"China Dragon" ETF US stocks rose nearly 13% before the market

Shares in the "China Dragon" ETF, whose full name is The Roundhill China Dragons ETF (DRAG), rose nearly 13 per cent in pre-market trading. The ETF's constituents now include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu and NetEase. The issuers collectively refer to these companies as "China Dragon".