Top 15 Chinese Companies on US Exchanges

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 130

Alibaba Group Holding Limited (NYSE:BABA) is one of the top 15 Chinese companies on US exchanges.

On January 27, Bloomberg reported that Alibaba Group Holding Limited-backed Moonshot AI upgraded its flagship model, intensifying the domestic arms race ahead of DeepSeek’s expected rollout. Moonshot’s Kimi K2.5 claims to have video-generation and agentic capabilities that outperformed all three of the top U.S. AI models.

Earlier to the launch of Kimi K2.5, Alibaba revealed its latest generative AI model, Qwen3-Max-Thinking, which also claimed to have outdone its U.S. rivals on a broad benchmark test called ‘Humanity’s Last Exam.’

On January 28, Reuters reported that China has given a green signal to three of its largest tech companies to purchase Nvidia’s H200 AI chips. In an effort to ease trade tensions with the U.S., China has allowed Alibaba, ByteDance, and Tencent to buy H200 AI chips from the U.S. firm. The government has approved the purchase of over 400,000 H200 chips in total, with other tech firms joining the race for subsequent approvals, Reuters reported. This is a significant development for Chinese tech giants, which are taking major steps in AI, especially for Alibaba, which has been at the center of China’s generative AI expansion.

Alibaba Group Holding Limited (NYSE:BABA) is a leading Chinese e-commerce giant and, through its subsidiaries, operates in cloud, AI, and other businesses globally.

While we acknowledge the potential of BABA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BABA and that has 100x upside potential, check out our report about this cheapest AI stock.

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