5 Best Hong Kong Stocks To Buy For 2021

4. Zoom Video Communications, Inc. (NASDAQ: ZM)

The pandemic darling Zoom Video Communications, Inc. (NASDAQ: ZM) generated robust returns for the Chinese billionaire who first invested in the video calling company in 2015. His firm sold almost 40% of the position during the fourth quarter to capitalize on the share price gains. Despite underperformance so far in 2021, Zoom’s stock price is up 209% in the last twelve months.

In a Q4 investor letter, Alger Mid Cap Focus Fund highlighted a few stocks including Zoom Video Communications. Here is what Alger Mid Cap Focus Fund stated:

“Zoom Video Communications offers a cloud-native, video-first communications platform that transforms how people communicate. interact and work together. It offers a better, more efficient experience. easy onboarding and use and capabilities for addressing enterprise needs around scalability. cost and minimal IT involvement. The company seeks to make video collaboration that “just works,” delivering high-quality and frictionless video. voice. chat and content sharing across multiple devices and mediums. Users of Zoom benefit from a platform that is easy to deploy, use and manage that is also scalable and can easily integrate with any workspace, facilitating greater work effectiveness.”