5 Cheap Chinese Stocks to Buy Right Now

3. Vipshop Holdings Limited (NYSE:VIPS)

Forward Price To Earnings Ratio: 7.81

Number of Hedge Fund Investors In Q2 2023: 28

Vipshop Holdings Limited (NYSE:VIPS) is a Chinese digital retailer offering a variety of consumer use products on its platform. Its shares are rated Strong Buy on average, and analysts have set an average share price target of $18.72.

During this year’s second quarter, 28 out of the 910 hedge funds polled by Insider Monkey had invested in the company. Vipshop Holdings Limited (NYSE:VIPS)’s biggest investor in our database is Natixis Global Asset Management’s Natixis Global Asset Management since it owns $144 million worth of shares.

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