The KraneShares CSI China Internet ETF (KWEB) has jumped nearly 13% in July, putting it atop the thematic ETF leaderboard even as the Nasdaq Composite (^IXIC) has fallen about 2%. The latest boost came after China registered Apple Intelligence for use on iPhones in the country, clearing a major regulatory hurdle for its long-delayed rollout. Apple is also working with Baidu on features for Chinese users, though regulators did not provide a launch date. JD.com (JD) has climbed about 20% in July, KE Holdings (BEKE) roughly 18%, and PDD Holdings (PDD) about 13%. Click here for in-depth analysis of the latest stock market news and events moving stock pricesRead the latest financial and business news from Yahoo Finance