5 Cheap Chinese Penny Stocks to Buy According to Hedge Funds

2. Hello Group Inc. (NASDAQ:MOMO)

Number of Hedge Fund Holders: 17

Chinese social media services and entertainment platforms company Hello Group Inc. (NASDAQ:MOMO) is one of the best cheap Chinese penny stocks to buy according to hedge funds. In August Hello Group Inc. (NASDAQ:MOMO) posted second quarter results. Adjusted EPADS in the quarter came in at $0.43 beating estimates by $0.07. Revenue in the period ticked up 0.9% year over year to $432.7 million, surpassing estimates by $14.75 million.

Out of the 910 hedge funds tracked by Insider Monkey, 17 hedge funds had stakes in Hello Group Inc. (NASDAQ:MOMO).