China’s decision to lower its 2026 GDP growth target to a 4.5%–5% range, the weakest official goal since the early 1990s, has underscored just how difficult the macro environment has become for its equity market.
Against that backdrop, many of China’s best-known internet and consumer-tech champions have continued to lag, leaving some of the market’s biggest names technically oversold.
That dynamic is visible in a screen of major large-cap Chinese stocks ranked by their Relative Strength Index, a momentum gauge that measures the speed and magnitude of recent price moves on a 0–100 scale.
At the top of the list is Alibaba Group (BABA), with an RSI of 22, followed by Baidu (BIDU) at 24 and JD.com (JD) at 25, levels typically associated with heavily sold, out-of-favor names.
Tencent Holdings (TCEHY) and Tencent Music (TME) round out the top five with RSIs of 29 and 30, suggesting persistent selling pressure across China’s leading platform and entertainment companies.
Further down, DiDi (DIDIY), XPeng (XPEV), Xiaomi (XIACY), NetEase (NTES), Bilibili (BILI), and ZTO Express (ZTO) all sit below or around the 40 mark, still reflecting subdued momentum, while H World Group (HTHT) is the “least” oversold of the group with an RSI of 50.
In technical terms, RSI readings at or below 30 are often interpreted as potential oversold conditions that may precede a rebound if fundamentals stabilize, whereas levels above 70 are typically seen as overbought and vulnerable to pullbacks. Here, none of the names approach the overbought threshold
Below is the list:
-
Alibaba Group (BABA), RSI: 22
-
Baidu (BIDU), RSI: 24
-
JD.com (JD), RSI: 25
-
Tencent Holdings (TCEHY), RSI: 29
-
Tencent Music Entertainment (TME), RSI: 30
-
DiDi Global (DIDIY), RSI: 32
-
XPeng (XPEV), RSI: 36
-
Xiaomi (XIACY), RSI: 36
-
NetEase (NTES), RSI: 37
-
Bilibili (BILI), RSI: 38
-
ZTO Express (ZTO), RSI: 39
-
Baidu (BAIDF), RSI: 41
-
Kuaishou Technology (KUASF), RSI: 41
-
Li Auto (LI), RSI: 43
-
Luckin Coffee (LKNCY), RSI: 44
-
Yum China Holdings (YUMC), RSI: 46
-
KE Holdings (BEKE), RSI: 46
-
NIO (NIO), RSI: 48
-
BYD Company (BYDDF), RSI: 49
-
H World Group (HTHT), RSI: 50
China ETFs: (KWEB), (PGJ), (CQQQ), (FXI), (GXC), (MCHI), (FLCH), (CNYA), (ASHR), and (YINN)