A libaba (NYSE:BABA) climbed on Tuesday, lifting China ’s country-specific exchange-traded funds, as the Chinese internet giant increased its share buyback plans to reassure investors.

Tuesday, the Invesco Golden Dragon China ETF (PGJ) increased by 8.1%, the iShares China Large Cap ETF ( NYSEArca :FXI) grew by 4.4%, and the SPDR S&P China ETF ( NYSEArca : GXC ) increased by 3.4%.

Chinese ETFs gain momentum as Alibaba plans $25 billion share buyback comes via ChinaTechNews.com.