5 Chinese Stocks in Cathie Wood’s Portfolio

3. Niu Technologies (NASDAQ:NIU)

ARK Investment Management’s Stake Value: $56.41 million

Percentage of ARK Investment Management’s 13F Portfolio: 0.13%

Number of Hedge Fund Holders: 12

Niu Technologies (NASDAQ:NIU) is a Beijing-based company that deals in the manufacture and sale of smart electric scooters and motorcycles, with a presence in approximately 199 Chinese cities and 46 countries around the globe. As of the third quarter, 12 hedge funds reported bullish bets on Niu Technologies (NASDAQ:NIU), as compared to 13 hedge funds in the preceding quarter. In Q3 2021, ARK Investment Management held 2.43 million shares of the company valued at $56.41 million, up 7% over the previous quarter where it held 2.29 million shares of the company.

In November, Bank of America analyst Paul Dewberry initiated coverage of Niu Technologies (NASDAQ:NIU) with a ‘Buy’ rating and a price target of $31, assessing that the company’s increasing international sales, along with new products and industry-leading electric initiatives, should bring robust revenue and profit growth.