5 Chinese Stocks Billionaires Are Crazy About

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

Number of Billionaire Investors In Q3 2023: 15

JD.com, Inc. (NASDAQ:JD) is one of the biggest retailers in China whose platform sells a wide variety of products ranging from technology gadgets to food and groceries. Its shares were under a lot of stress in November after JD.com, Inc. (NASDAQ:JD) canceled a highly anticipated plan to spin off its cloud business division.

By the end of this year’s third quarter, 53 out of the 910 hedge funds tracked by Insider Monkey were JD.com, Inc. (NASDAQ:JD)’s investors. Chase Coleman and Feroz Dewan’s Tiger Global Management LLC owned the biggest stake which was worth $287 million.

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