5 Best Stocks to Buy According to Billionaire Zhang Lei

3. iQIYI, Inc. (NASDAQ: IQ)


Number of Hedge Fund Holders: 40

iQIYI, Inc. is 3rd in the list of 10 best stocks to buy according to billionaire Zhang Lei. The company provides online entertainment services to its customers within China. The services it offers includes videos, live broadcasting, e-commerce, social media, and online games. Moreover, customers are offered membership and advertising services.

Zhang Lei’s firm Hillhouse Capital Management, Ltd. owns 6.34% of the company as it holds 38,648,477 shares which are valued at a total of $642,338,000.