Top 5 Chinese Companies on US Exchanges

Page 5 of 5

1. Alibaba Group Holding Limited (NYSE:BABA)

Market Capitalization: $213.7B

Alibaba Group Holding Limited (NYSE:BABA) is the biggest and perhaps the most important Chinese company trading on US exchanges. Citi recently maintained a Buy rating on BABA on valuation. Citi analysts however revised Alibaba Group Holding Limited (NYSE:BABA) second quarter of fiscal 2024 revenue/non-GAAP profit by -4.5%/-10.5% to reflect slower CMR (customer management revenue) and direct sales growth.

As of the end of the second quarter of 2023, 112 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Alibaba Group Holding Limited(NYSE:BABA). The biggest stakeholder of Alibaba Group Holding Limited (NYSE:BABA) was David Tepper’s Appaloosa Management LP which owns a $373 million stake in the company.

You can also take a peek at 20 Least Egalitarian Countries in the World and 12 Best Value Dividend Stocks to Buy According to Warren Buffett.

Page 5 of 5