5 Cheap Chinese Stocks to Buy According to Analysts

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1. JD.com, Inc. (NASDAQ:JD)

Average Price Target: $60.77
Upside Potential: 60%
Price to Earnings Multiple: 23.15

JD.Com, Inc (NASDAQ:JD) was one of the Chinese tech giants under pressure in the first half of the year as Chinese regulators ramped up antitrust probes and crackdowns. With signs of the brutal regulatory crackdown coming to an end, the stock sentiments have improved significantly.

The major Chinese online retailer has also benefited from stimulus packages that have helped shore up the economy. Increased consumer spending is expected to further bolster the company’s prospects heading into year-end. JD. Com, Inc (NASDAQ:JD) has already unveiled an ambitious 20-year blueprint to build seven enterprises valued at over $13 billion. It’s also in the process of opening retail grocery stores to unlock new revenue opportunities. While trading for $39 a share of the stock, it boasts a price-to-earnings multiple of 23 with a 60% upside potential according to average price target of $60.77.

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