5 Chinese Companies Listed on NYSE/NASDAQ/AMEX

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1. Alibaba Group Holding Limited (NYSE: BABA)

Number of Hedge Fund Holders: 135   

Alibaba Group Holding Limited (NYSE: BABA) operates an ecommerce platform that has a global outreach. It is ranked first on our list of 20 Chinese companies listed on NYSE/NASDAQ/AMEX. The company’s shares have slumped by 20% over the course of the past twelve months. 

Alibaba Group Holding Limited (NYSE: BABA) has soared in recent weeks amid an annual shopping festival that is expected to bring in record revenue for the firm. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Alibaba Group Holding Limited (NYSE: BABA) with 13.9 million shares worth more than $3.1 billion. 

In its Q1 2021 investor letter, Polen Capital Management, an asset management firm, highlighted a few stocks and Alibaba Group Holding Limited (NYSE: BABA) was one of them. Here is what the fund said:

“Alibaba also detracted from performance as the company continues to remain under regulatory scrutiny from both the Chinese State Administration for Market Regulation on antitrust concerns and the U.S. Securities and Exchange Commission on ADR listing requirements. Despite the regulatory overhang, we believe that Alibaba’s competitive positioning and growth outlook remains intact, even if the company must pay fines or modify some business practices. We viewed the current valuation at <20x next twelve month’s earnings as a compelling opportunity to add to our position. Alibaba is the second largest position in the Portfolio.”

You can also take a peek at 10 Best Chinese Stocks To Buy Now and 10 Best Asian Stocks to Buy Now.

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