5 Top Chinese Companies on NASDAQ

4. Bilibili Inc. (NASDAQ: BILI)

Number of Hedge Fund Holders: 53  

Bilibili Inc. (NASDAQ: BILI) is a video sharing website that primarily caters to the young generation of Chinese people who want a YouTube-esque experience in the country. The firm also offers gaming and other services on its platform. The firm has seen its user base grow in recent months, reporting on May 13 that monthly active users had reached 223 million by the end of March, an increase of 30% compared to a year ago. The total time spent by the users on the platform also increased with the daily average crossing 82 minutes per user. 

Bilibili Inc. (NASDAQ: BILI) stock has returned more than 170% to investors over the past year. On April 8, investment advisory Credit Suisse upgraded Bilibili Inc. (NASDAQ: BILI) to Outperform from Neutral with a price target of $140. 

At the end of the first quarter of 2021, 53 hedge funds in the database of Insider Monkey held stakes worth $3.01 billion in Bilibili Inc. (NASDAQ: BILI), up from 46 in the preceding quarter worth $3.08 billion. 

In its Q4 2020 investor letter, Tao Value, an asset management firm, highlighted a few stocks and Bilibili Inc. (NASDAQ: BILI) was one of them. Here is what the fund said:

“Bilibili (ticker: BILI) similarly reported a blast Q3 2020. Bilibili reached average MAU of 197m with high 7.6% pay ratio, showing strong user growth and high engagement. Additionally, the high margin advertisement segment showed exceptionally strong trend, growing 126% yoy. Though surprising to many, I think it is a natural outcome of building an ever-more valuable user generated contents platform. If it is not by ads, I believe these values created by Bilibili will accrue to it in other ways. One interesting data point is that management mentioned the average age of new cohorts are still around 20, indicating it is still in its early stage of a long growth runway. I am happy to see this position played out like how I envisioned in original thesis and will be excited to continue to follow its progress.”