5 Best China Stocks to Buy Now

3. Bilibili Inc. (NASDAQ:BILI)

Number of Hedge Fund Holders: 47

Bilibili Inc. (NASDAQ:BILI) is a Chinese video-sharing website that covers a wide range of genres, including games, animation, and comics. In Q2, 47 hedge funds tracked by Insider Monkey reported owning stakes in Bilibili Inc. (NASDAQ:BILI), compared with 53 in the previous quarter. The total value of these stakes is over $2 billion.

This October, Morgan Stanley lifted its price target on Bilibili Inc. (NASDAQ:BILI) to $100, with an Overweight rating on the shares. The firm’s analyst expects an 18% year-over-year growth in the company’s revenue in Q3.

In the past year, Bilibili Inc. (NASDAQ:BILI) delivered a 10% return to shareholders. Lone Pine Capital is the company’s largest shareholder in Q3, owning over 8.6 million shares.

Tao Value mentioned Bilibili Inc. (NASDAQ:BILI) in its Q3 2021 investor letter. Here is what the firm has to say:

“As witnessed in the past quarter, the government intervention in Chinese private sector is elevated to an unprecedented level. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. We also exited Bilibili (ticker: BILI), given its priced-in valuation in the context of Chinese ADR confidence loss.”