5 Best Asian Stocks To Buy Now

2. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Investors In Q2 2023: 112

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese internet and technology conglomerate. It has beaten analyst EPS estimates in all four of its latest quarters and is currently focusing on the Singles’ Day in China to drive up spending in a slow economy.

After digging through 910 hedge fund portfolios for 2023’s June quarter, Insider Monkey discovered 112 Alibaba Group Holding Limited (NYSE:BABA) shareholders. David Tepper’s Appaloosa Management LP owns the largest stake among these, which is worth $372 million.

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