Citi Depositary Receipt Services Year End 2020 Report

DR ACCESS PRODUCTS ABOUT CITI DEPOSITARY RECEIPT SERVICES INTERNATIONAL INVESTING TRENDS GLOBAL DR TRENDS By Trading Value 1 By Trading Volume 1 Issuer Country Exchange 2020 Value (USD Billions) Alibaba Group Holding Ltd China NYSE $1,100.9 NIO Inc China NYSE $617.7 JD.com Inc China NASDAQ $213.5 Pinduoduo Inc China NASDAQ $174.5 Taiwan Semiconductor Manufacturing Co Ltd Taiwan NYSE $165.3 Baidu Inc China NASDAQ $150.8 Sea Ltd Singapore NYSE $114.3 Royal Dutch Shell PLC UK NYSE $101.0 XPeng Inc. China NYSE $93.2 BP PLC UK NYSE $83.7 Issuer Country Exchange 2020 Volume (Millions) NIO Inc China NYSE 27,774.3 Petroleo Brasileiro SA Brazil NYSE 8,693.5 Itau Unibanco Holding SA Brazil NYSE 8,389.1 Nokia Oyj Finland NYSE 8,016.1 Ambev SA Brazil NYSE 7,506.9 Vale SA Brazil NYSE 7,506.2 Banco Bradesco SA Brazil NYSE 5,529.0 Alibaba Group Holding Ltd China NYSE 4,653.1 Luckin Coffee Inc China OTC 4,253.9 JD.com Inc China NASDAQ 3,638.6 Top Ten Most Liquid DR Programs Source: Bloomberg and Depositary Data Interchange. 1 Data as of December 31, 2020. 9 Citi Depositary Receipt Services Year-End 2020 Report