5 Cheap Chinese Stocks to Buy Right Now

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In this piece, we will take a look at the five cheap Chinese stocks to buy right now. If you want to learn more about China’s ailing economy and what the top players are doing, check out 11 Cheap Chinese Stocks to Buy Right Now.

5. Alibaba Group Holding Limited (NYSE:BABA)

Forward Price To Earnings Ratio: 9.27

Number of Hedge Fund Investors In Q2 2023: 112

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese retail giant that has transformed itself to become one of the biggest technology holding companies in the world. Like its U.S. technology counterparts, the firm is heavily targeting the budding AI sector. On this front, it announced its latest cloud computing generative AI model in November 2023, aiming to compete with the likes of Microsoft and Amazon.

Out of the 910 hedge funds part of Insider Monkey’s database, 112 had bought Alibaba Group Holding Limited (NYSE:BABA)’s in Q2 2023. David Tepper’s Appaloosa Management LP is the firm’s biggest hedge fund shareholder among these, owning 4.4 million shares that are worth $372 million.

Follow Alibaba Group Holding Limited (NYSE:BABA)



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