5 Chinese Stocks Billionaires Are Crazy About

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In this piece, we will take a look at the five Chinese stocks that billionaires are crazy about. If you want to learn more about the latest developments in the Chinese economy, then check out 10 Chinese Stocks Billionaires Are Crazy About.

5. ZTO Express (Cayman) Inc. (NYSE:ZTO)

Number of Billionaire Investors In Q3 2023: 11

ZTO Express (Cayman) Inc. (NYSE:ZTO) is a logistics company headquartered in Shanghai, China. The firm’s investors were in for some bad news in November 2023, as Bank of America downgraded the shares to Neutral from Buy and reduced the share price target to $28 from $34.

During Q3 2023, 21 out of the 910 hedge funds surveyed by Insider Monkey had bought ZTO Express (Cayman) Inc. (NYSE:ZTO)’s shares. Out of these, the biggest shareholder was Kerr Neilson’s Platinum Asset Management since it held 14.3 million shares that are worth $345 million.

Follow Zto Express (Cayman) Inc. (NYSE:ZTO)

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