5 Best Chinese Stocks to Buy Now

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

Number of Hedge Fund Shareholders: 59

JD.com, Inc. (NASDAQ:JD) has been one of hedge funds’ favorite Chinese stocks for several years. The company even ranked among the 30 most popular stocks among hedge funds back in 2020. Hedge fund ownership of JD has fallen by 38% since the end of 2020 however, though the stock still ranks as hedge funds’ third-favorite Chinese stock. Chase Coleman’s Tiger Global Management has been a longtime backer of JD.com, Inc. (NASDAQ:JD) and several other Chinese stocks and held a $1.06 billion stake in the company as of March 31, owning 24.1 million shares.

JD.com, Inc. (NASDAQ:JD) has a huge e-commerce footprint in China, boasting over 1,500 warehouses and employing more than 300,000 delivery personnel. The company grew net revenue at a 24% CAGR between 2017 and 2022, with its net services revenue growing at a 42% clip during that period. The boost in marketing and logistics services activity has helped make JD a more profitable company, as its non-GAAP net margin grew by 144 basis points year-over-year to 3.1% in Q1.