5 Chinese Stocks Billionaires Are Loading Up On

In this article, we discuss 5 Chinese stocks that billionaires are buying. If you want to see more stocks in this selection, check out 10 Chinese Stocks Billionaires Are Loading Up On. 

5. Vipshop Holdings Limited (NYSE:VIPS)

Number of Hedge Fund Holders: 29

No. of Billionaire Investors: 11

Vipshop Holdings Limited (NYSE:VIPS) runs digital platforms in China. The company provides a wide range of products such as clothing, shoes, bags, accessories, baby and children’s items, skincare and cosmetics, home goods, lifestyle products, and even supermarket items. It is one of the top Chinese names found in billionaire stock portfolios. 

On May 24, Fawne Jiang, an analyst at Benchmark, increased the price target for Vipshop Holdings Limited (NYSE:VIPS) from $15 to $19 and maintained a Buy rating on the shares. According to the analyst, Vipshop Holdings Limited (NYSE:VIPS)’s strong performance in the first quarter, coupled with optimistic guidance for the second quarter, indicates a renewed growth in apparel categories. The analyst’s improved confidence level has prompted the firm to raise its growth projections for FY23 and FY24.

According to Insider Monkey’s first quarter database, 29 hedge funds were bullish on Vipshop Holdings Limited (NYSE:VIPS), compared to 24 funds in the earlier quarter. Harris Associates is the largest stakeholder of the company, with 13.6 million shares worth $207 million. 

Here is what Oakmark Fund has to say about Vipshop Holdings Limited (NYSE:VIPS) in its Q3 2021 investor letter:

“Vipshop Holdings ADR (China) offers a differentiated value proposition to its customers via its online product sales and distributions services. We like that the business model is asset-light due to inventory being predominantly on consignment and logistics outsourced to a third party. We believe the company should generate meaningful free cash flow moving forward.”