5 Cheap Chinese Stocks to Buy Right Now

4. JD.com, Inc. (NASDAQ:JD)

Forward Price To Earnings Ratio: 8.54

Number of Hedge Fund Investors In Q2 2023: 64

JD.com, Inc. (NASDAQ:JD) is another well known Chinese electric commerce retailer. It is currently busy diversifying its operations and signed an agreement with a Chinese company in October to launch a new commodities trading platform.

Insider Monkey scoured through 910 hedge fund portfolios for their June quarter of 2023 shareholdings to discover 64 JD.com, Inc. (NASDAQ:JD) shareholders. Out of these, Chase Coleman and Feroze Dewan’s Tiger Global Management LLC is the largest investor through its $719 million stake.

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