5 Cheap Chinese Stocks to Buy Now

2. 21Vianet Group, Inc. (NASDAQ: VNET)

Number of Hedge Fund Holders: 30
Share Price as of July 14th, 2021: $19.45

21Vianet Group, Inc. (NASDAQ: VNET) ranks 2nd on the list of 10 cheap Chinese stocks to buy now. Beijing-based 21Vianet Group, Inc. provides hosting services, VPN, and hybrid IT services to small and medium enterprises and the government in China. In 2014, Microsoft Corporation (NASDAQ: MSFT) expanded its cloud services and office applications in China via 21Vianet Group, Inc. (NASDAQ: VNET). 

The company has a market cap of $2.84 billion. In the first quarter of 2021, 21Vianet Group, Inc. (NASDAQ: VNET) had an EPS of -$0.12, versus consensus earnings estimates of -$0.7. Currently, there are 10 analysts that rated 21Vianet Group, Inc. (NASDAQ: VNET) a Buy, with an average price target of $247.82. 

At the end of the first quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $581 million in 21Vianet Group, Inc. (NASDAQ: VNET), down from 33 the preceding quarter worth $731 million.