5 Best Asian Stocks To Buy Now

3. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Investors In Q2 2023: 64

JD.com, Inc. (NASDAQ:JD) is a Chinese eCommerce firm that sells electronics, appliances, and other products. As the Chinese consumer strength remains low, the firm’s shares have dropped by 56% year to date. However, analysts at Kraneshare believe that the share weakness is due to China’s weak consumer environment, particularly since JD.com, Inc. (NASDAQ:JD)’s focus on big brands leaves its market vulnerable to low discretionary spending.

By the end of this year’s second quarter, 64 out of the 10 hedge funds part of Insider Monkey’s database had held a stake in JD.com, Inc. (NASDAQ:JD). Out of these, the firm’s biggest shareholder is Chase Coleman and Feroze Dewan’s Tiger Global Management LLC as it owns $719 million worth of shares.

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