5 Cheap Chinese Stocks To Buy Now

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In this article, we discuss 5 cheap Chinese stocks to buy now. If you want to see more stocks in this selection, check out 10 Cheap Chinese Stocks To Buy Now

5. Kanzhun Limited (NASDAQ:BZ)

Number of Hedge Fund Holders: 25

Share Price as of October 25: $11.19

Kanzhun Limited (NASDAQ:BZ) was founded in 2013 and is headquartered in Beijing, China. It operates an online recruitment platform which assists the recruitment process between candidates and employers. Kanzhun Limited (NASDAQ:BZ), which went public in New York last year, is about to have a Hong Kong IPO. Kanzhun Limited (NASDAQ:BZ) is one of the top cheap Chinese stocks to invest in. 

On September 13, Barclays analyst Jiong Shao initiated coverage of Kanzhun Limited (NASDAQ:BZ) with an Equal Weight rating and a $21 price target. The company has a prominent position in job recruitment apps with its market-leading recommendation engine, the analyst told investors. However, short-term headwinds from COVID lockdowns and the weak job market warrant a neutral rating, as per the analyst.

Among the hedge funds tracked by Insider Monkey, 25 funds were long Kanzhun Limited (NASDAQ:BZ) at the end of the second quarter of 2022, up from 20 funds in the prior quarter. Chase Coleman’s Tiger Global Management is the largest stakeholder of the company, with 11.65 million shares worth $306.30 million. 

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