While US big tech struggles, China growth stocks are on fire, still undervalued?

Alibaba, BYD, and Xiaomi are all up 40%+ in in Q1 2025. Not gonna lie, feels pretty good, I've actually been holding baba for almost 3 years now on Tiger Trade. Finally seeing some decent moves, about time lol.

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Some reasons why China seems to be outperforming lately:
✅ Gov-backed policies & stimulus still hitting
✅ Ongoing innovation & tech breakthroughs
✅ Domestic demand picking up nicely
✅ Hedge funds slowly creeping back in (follow the smart money 👀)

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Meanwhile, TSLA, NVDA, and most of Big Tech kiWhat really caught my eye is valuations, despite the rally, a lot of leading Chinese growth stocks still look cheap compared to US peers. For example, Baba sitting at 15 PE vs Amazon's 31.5x. BYD is around 20x whileTSLA still sitting near 100x.

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Overall, valuations still look pretty reasonable imo, and im hoping for more upside. Anyone else shifting more into China lately? Would love to hear your takes.