12 Cheap Chinese Stocks to Buy According to Hedge Funds

7. Kanzhun Limited (NASDAQ:BZ)

Number of Hedge Fund Holders: 24

Forward P/E Ratio: 14.21

Kanzhun Limited (NASDAQ:BZ) is a holding company that provides the largest online recruitment services in China. The company connects job seekers and enterprise users through its interactive BOSS Zhipin platform. The company also has two recruitment information service platforms including Dianzhang Zhipin and Kanzhun.

Kanzhun Limited (NASDAQ:BZ) continues its dominance as the largest online recruitment service provider in China. Kanzhun’s average verified monthly active user (MAU) on the BOSS Zhipin app grew by 25% from a year ago to 54.5 million in Q2. For the first two quarters combined, the company attracted nearly 28 million newly added verified users.

The growth in the engagement of Kanzhun Limited’s platforms added calculated cash billings of RMB1.95 billion, a rise of 20% year-over-year. The company’s revenue reached RMB1.92 billion, or $269.04 million, up by 29% from a year ago. In addition, Kanzhun’s total paid enterprise customers for the one year ended June 30, reached 5.9 million, representing 31% year-over-year growth.

Kanzhun Limited’s (NASDAQ:BZ) growth has improved its profitability and there is a huge upside for long-term structural growth as China has a huge market with the highest small and medium-sized enterprise activities and the largest number of enterprises.