In this article, we will take a look at the top 5 Chinese companies on US exchanges. To see more such companies, go directly to Top 15 Chinese Companies on US Exchanges.
5. Li Auto Inc. (NASDAQ:LI)
Market Capitalization: $33.111B
Chinese EV Li Auto Inc. (NASDAQ:LI) is one of the top Chinese companies trading on US stock exchanges. The Li Auto Inc. (NASDAQ:LI) delivered 36,060 vehicles in September 2023, a 212.7% Y/Y increase. The deliveries made a new monthly record.
Insider Monkey’s proprietary database of 910 hedge funds shows that 25 hedge funds had stakes in Li Auto Inc. (NASDAQ:LI). The biggest stakeholder in Li Auto Inc. (NASDAQ:LI) belongs to John Overdeck and David Siegel’s Two Sigma Advisors which had a $129 million stake in the company.
4. Baidu, Inc. (NASDAQ:BIDU)
Market Capitalization: $41.264B
Insider Monkey’s database of hedge funds shows that 36 hedge funds had stakes in Chinese internet giant Baidu, Inc. (NASDAQ:BIDU). The biggest stakeholder of Baidu, Inc. (NASDAQ:BIDU) was John W. Rogers’s Ariel Investments which owns a $377 million stake in the company. Ariel Global Fund made the following comment about Baidu, Inc. (NASDAQ:BIDU) in its Q2 2023 investor letter:
“By comparison, after a strong run last quarter, China’s internet search and online community leader, Baidu, Inc. (NASDAQ:BIDU) declined alongside a correction in Chinese stocks attributed to weak gross domestic product. We believe this price action runs counter to the company’s solid business fundamentals. Baidu delivered a top- and bottom-line earnings beat in the period, driven by a recovery in ad and cloud revenues. The company continues to invest heavily in Artificial Intelligence (AI) and is launching a generative AI, Ernie Bot, aimed at rivaling Open AI’s ChatGPT. While monetization of the new technology is largely dependent on regulatory review, we think Baidu should continue to experience margin improvement with the ongoing implementation of efficiency and profitability initiatives. While some investors remain on the sidelines due to uncertainty surrounding China’s economic growth, government regulations, and the political rhetoric towards Taiwan, we remain enthusiastic about Baidu’s longer-term opportunity for revenue growth and margin expansion across internet search, cloud, autonomous driving, artificial intelligence and online video.”
3. JD.Com Inc. (NASDAQ:JD)
Market Capitalization: $41.798B
JD.Com Inc. (NASDAQ:JD) is among the top Chinese stocks trading on US stock exchanges, with a market cap of over $43 billion as of October 17. Out of the 910 hedge funds tracked by Insider Monkey, 64 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in JD.Com Inc. (NASDAQ:JD). The biggest hedge fund stakeholder of JD.Com Inc. (NASDAQ:JD) was Panayotis Takis Sparaggis’s Alkeon Capital Management which had a $139 million stake in the firm.
2. NetEase, Inc. (NASDAQ:NTES)
Market Capitalization: $68.36B
Online games and media company NetEase, Inc. (NASDAQ:NTES) ranks 2nd in our list of the top Chinese companies trading on US exchanges. In September NetEase, Inc. (NASDAQ:NTES) jumped after J.P. Morgan placed NetEase, Inc. on a positive catalyst watch. JPMorgan’s Daniel Chen said:
“With a normalized regulatory environment and rich mobile game supply, China’s online game market returned to positive YoY growth in 2023.”
Insider Monkey’s database of 910 hedge funds shows that 25 hedge funds had stakes in NetEase, Inc. (NASDAQ:NTES).
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.
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