MARKET WATCH | FMQQ The Next Frontier Internet Index | December 2025
The following companies are part of MarketWatch for FMQQ The Next Frontier Internet Index.
| DAOU TECHNOLOGY Inc. |
| Gradiant Corporation |
| NAVER Corp. |
| KGINICIS Co., Ltd. |
| Kakao Corp. |
| CJ ENM Co., Ltd. |
| NCsoft Corporation |
| Cafe24 Corp. |
| KG Mobilians Co., Ltd. |
| Yes24 Co., Ltd. |
| WebCash Corp. |
| Danal Co., Ltd |
| Soop Co., Ltd. |
| Webzen Inc. |
| Com2us Corporation |
| Modetour Network Inc. |
| NEOWIZ |
| Wemade Play Co., Ltd. |
| NHN Corporation |
| Kakao Games Corp. |
| KakaoBank Corp. |
| NEXON Co., Ltd. |
| kakaopay Corp. |
| X-Legend Entertainment Co., Ltd. |
| Jahez International Company for Information Systems Technology |
| momo.com Incorporated |
| Affle 3i Limited |
| Afya Limited Class A |
| Allegro.eu S.A. |
| Angel One Limited |
| PT Bank Jago Tbk |
| Awfis Space Solutions Limited |
| PT Global Digital Niaga Tbk |
| BILLIONBRAINS GARAGE VENTURES LTD |
| Bajaj Finance Limited |
| Blackbuck Ltd |
| Brainbees Solutions Limited |
| PT Bukalapak.com Tbk |
| CarTrade Tech Ltd. |
| CCC SA |
| C.E. Info Systems Ltd. |
| Coupang, Inc. Class A |
| CVC Brasil Operadora e Agencia de Viagens SA |
| Delivery Hero SE |
| DLocal Limited Class A |
| DLOCAL LTD |
| Easy Trip Planners Ltd. |
| Eternal Limited |
| FSN E-Commerce Ventures Ltd. |
| Glory Forever Public Company Limited |
| Go Digit General Insurance Limited |
| PT GoTo Gojek Tokopedia Tbk |
| Grab Holdings Limited Class A |
| D-MARKET Elektronik Hizmetler ve Ticaret AS Sponsored ADR |
| Honasa Consumer Limited |
| Infracommerce CXAAS SA |
| Indian Energy Exchange Ltd. |
| Inter & Co., Inc. Shs Unsponsored Brazilian Depositary Receipt Repr 1 Sh |
| Info Edge India Ltd. |
| Intellect Design Arena Ltd |
| IndiaMART InterMESH Ltd. |
| Jio Financial Services Limited |
| Jumia Technologies AG Sponsored ADR |
| Jubilant Foodworks Limited |
| Just Dial Ltd. |
| Karooooo Ltd. |
| Kaspi.kz Joint Stock Company Sponsored ADR RegS |
| LENSKART SOLUTIONS LTD |
| Le Travenues Technology Limited |
| Lesaka Technologies, Inc. |
| LWSA S.A. |
| MercadoLibre, Inc. |
| Magazine Luiza S.A. |
| MakeMyTrip Ltd. |
| Mondi Turkey Oluklu Mukavva Kagit ve Ambalaj Sanayi A.S. |
| PT MNC Digital Entertainment Tbk |
| Nazara Technologies Ltd. |
| Nu Holdings Ltd. Class A |
| PagSeguro Digital Ltd. Class A |
| One 97 Communications Ltd. |
| PB Fintech Limited |
| Pet Center Comercio e Participacoes |
| Reliance Industries Limited |
| Route Mobile, Ltd. |
| Sea Limited Sponsored ADR Class A |
| Sify Technologies Limited Sponsored ADR |
| StoneCo Ltd. Class A |
| Swiggy Limited |
| Tanla Platforms Ltd |
| Grupo Toky SA |
| Truecaller AB Class B |
| URBAN COMPANY ORD |
| Valid Solucoes SA |
| VTEX Class A |
| Wirtualna Polska Holding SA |
| XP Inc. Class A |
| Yalla Group Ltd. Sponsored ADR Class A |
| Zaggle Prepaid Ocean Services Limited |