10 Best Chinese Stocks to Buy According to Billionaires

5. KE Holdings Inc. (NYSE:BEKE)

No. of Billionaire Investors: 11

Total Billionaire Stake: $526.60 Million

No. of Hedge Fund Holders: 47

KE Holdings Inc. (NYSE:BEKE) is focused on operating an integrated online and offline platform for housing transactions and services. KE is a pioneer in building the infrastructure and standards to reinvent how Chinese service providers and customers complete housing transactions. It is well-placed to benefit from the Chinese government’s focus on stabilizing the broader real estate market.

Policies stimulating market activity or increasing buyer confidence directly translate to higher transaction volumes for KE Holdings Inc. In 2024, the company achieved significant growth in active stores, rising by over 80% year-over-year to nearly 49,700. The company posted a record total revenue of RMB 93.5 billion for the full year, marking a growth of over 20% from a year ago. KE’s home renovation and furnishing business experienced 36% revenue growth, reaching RMB 40.8 billion, with improvements in supply chain management and reduced construction timelines. The company’s home rental services revenue soared to RMB 14.3 billion, a rise of 135% year-over-year, driven by improvements in operational efficiency and tenant experience.

KE Holdings Inc. (NYSE:BEKE) ended the year with a robust cash position, including a net operating cash inflow of RMB 9.4 billion in 2024. On March 19, Morgan Stanley analyst Andrew Tsai maintained an Overweight rating in BEKE shares, increasing the price target from $19 to $27. This price upgrade follows a valuation update to the year 2025 and a reduction in the weighted average cost of capital (WACC) from 14% to 12%. Tsai’s improved price target is based on a 23 times multiple of BEKE’s projected 2025 non-GAAP earnings per share.