Top 5 Chinese Companies on NASDAQ

In this article, we will look at the top 5 Chinese companies listen on the Nasdaq. If you want to explore similar companies, you can go to Top 15 Chinese companies on NASDAQ.

5. H World Group Limited (NASDAQ:HTHT)

Number of Hedge Fund Holders: 29

H World Group Limited (NASDAQ:HTHT) is a leading hotel group in China. Founded in 2005, the company operates over 8,000 hotels in China and overseas. The company is dedicated to providing high-quality accommodation and related services for both business and leisure travelers. The company operates several hotel brands, including Grand Mercure, Mercure, Novotel, ibis, ibis Styles, and HanTing Hotel. H World Group Limited (NASDAQ:HTHT) is one of the largest hotel groups in China and one of the top Chinese companies that are listed on the Nasdaq.

On October 27, Daiwa analyst Carlton Lai upgraded H World Group Limited (NASDAQ:HTHT) to Buy from Outperform and revised his price target to $34 from $43.

At the end of the third quarter of 2022, H World Group Limited (NASDAQ:HTHT) was held by 29 hedge funds that had stakes worth $482.2 million in the company.

4. Trip.com Group Limited (NASDAQ:TCOM)

Number of Hedge Fund Holders: 42

Trip.com Group Limited (NASDAQ:TCOM) is a leading online travel service provider, offering a range of travel-related services, including accommodation reservations, transportation ticketing, packaged tours and corporate travel management. With its headquarters in Shanghai, China, the company operates in more than 200 countries and regions worldwide. Trip.com Group Limited (NASDAQ:TCOM) is on our list of the top Chinese companies trading on the Nasdaq.

On December 16, UBS analyst Wei Xiong upgraded Trip.com Group Limited (NASDAQ:TCOM) to Buy from Neutral and raised his price target to $41 from $28.

As of September 30, Pzena Investment Management is the largest investor in Trip.com Group Limited (NASDAQ:TCOM) and has stakes worth $277.9 million in the company.

Here is what Harding Loevner had to say about Trip.com Group Limited (NASDAQ:TCOM) in its third-quarter 2022 investor letter:

“Our other new Chinese holding is a familiar one: Trip.com Group Limited (NASDAQ:TCOM) , which we’ve previously held, is responsible for half of China’s online travel bookings. Among its more than 50,000 travel partners are many upscale hotels, and this abundance of choice continues to attract a vast user base. Trip.com’s international footprint has broadened through its subsidiary Skyscanner, a UK platform, and a partnership with TripAdvisor of the US. The company’s leadership has experience successfully guiding the business through highly competitive conditions. Increasing travel demand in a post-COVID-19 world opens the door to accelerated growth.”

3. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 43

Baidu, Inc. (NASDAQ:BIDU) is one of the largest Chinese search engines and internet services companies. Founded in 2000, the company is headquartered in Beijing, China and is listed on the NASDAQ Stock Exchange. The company offers a variety of search, artificial intelligence, and other services, including Baidu App, Baidu Maps, Baidu Encyclopedia, Baidu Baike, Baidu Webmaster Tools, Baidu Takeout, Baidu Video, Baidu Image Search, and Baidu Tieba. Baidu, Inc. (NASDAQ:BIDU) also offers cloud computing, online advertising, and online payment services. Baidu, Inc. (NASDAQ:BIDU) is one of the top Chinese companies listed on the Nasdaq.

On December 6, Loop Capital analyst Rob Sanderson revised his price target on Baidu, Inc. (NASDAQ:BIDU) to $167 from $185 and reiterated a Buy rating on the shares.

At the close of Q3 2022, Ariel Investments was the top shareholder in Baidu, Inc. (NASDAQ:BIDU) and disclosed a position worth $305.6 million in the company.

Here is what Ariel Investments had to say about Baidu, Inc. (NASDAQ:BIDU) in its third-quarter 2022 investor letter:

“China’s internet search and online community leader Baidu, Inc. (NASDAQ:BIDU) also weighed on relative results in the quarter. Continuing macro headwinds driven by China’s Zero-Covid policy are resulting in sluggish advertising trends. Looking ahead, the company remains committed to sustainable, profitable growth as management works to improve overall operational efficiency, executing on its strategic commitments around technological innovation and the transition to a green economy. We also continue to be enthusiastic about Baidu’s longer-term opportunity for revenue growth and margin expansion across internet search, cloud, autonomous driving, artificial intelligence and online video.”

2. Pinduoduo Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 54

Pinduoduo Inc. (NASDAQ:PDD) operates an online marketplace that provides customers with a convenient and engaging shopping experience. Founded in 2015, the company is one of the fastest-growing e-commerce companies in China. Pinduoduo Inc. (NASDAQ:PDD) has become one of the most popular shopping apps in China, with more than 750 million monthly active users. Pinduoduo Inc. (NASDAQ:PDD) also investing heavily in technologies such as artificial intelligence and machine learning to provide customers with personalized shopping recommendations. The company trades on the Nasdaq under ticker symbol “PDD” and is one of the top Nasdaq-listed Chinese companies.

On December 9, KGI Securities analyst Andrew Cheng upgraded Pinduoduo Inc. (NASDAQ:PDD) to Outperform from Neutral and reiterated a $110 price target on the shares.

As of September 30, GQG Partners is the most prominent shareholder in Pinduoduo Inc. (NASDAQ:PDD) and has a position worth $325.9 million in the company.

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

Number of Hedge Fund Holders: 67

JD.com, Inc. (NASDAQ:JD) is an e-commerce company headquartered in Beijing, China. It is one of the largest online direct sales company in China by revenue, and also one of the largest e-commerce companies in the world. It offers an extensive selection of authentic products at competitive prices, delivered to customers’ doorsteps. It also offers a wide range of services, including financing and logistics. JD.Com, Inc. (NASDAQ:JD) is among the top Chinese companies listed on the Nasdaq.

On November 21, Barclays analyst Jiong Shao raised his price target on JD.Com, Inc. (NASDAQ:JD) to $72 from $59 and reiterated an Overweight rating on the shares.

As of September 30, Tiger Global Management LLC is the dominant investor in JD.Com, Inc. (NASDAQ:JD) and has stakes worth $1.5 billion in the company.

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