Today we are going to read Insider Monkey’s latest compilation about the the best Chinese stocks to buy now. I don’t think there is someone out there who would be surprised when we say 2020 has been a very tough year for all of us. Hundreds of millions of people were enforced to stay at home either they worked from home, or they were made redundant. Almost all the of the industries and sectors had to lockdown ar at least slow down. What’s more, what had never happened before, not even during the World War II, the New York Stock Exchange also closed up for a while. But if we may think that China was the most defeated country and economy in the world, we are badly mistaken. China is the only large economy this year that can account positive growth. According to International Monetary Fund report, China’s economy is to grow by 1.2 by the end of the year.
And now without a further ado, let’s see what Insider Monkey has researched for us. At first, on the fourth spot NetEase Com Inc (NASDAQ: NTES) stands with 45 hedge funds and a total value o hedge fund holdings of $3.66 billion. NetEase, as its name shows, a Chinese internet technology company, which operates in online services centered on content, community, communications and commerce. Aside from that, NetEase has taken over a good portion of the gaming market in recent years. By the end of September, the company lost investor interest, but since then hedge funds have increased from 38 to 45. The top hedge holder is Jim Simons’s Reneaissance Technologies with $536 million in shares. JD.Com Inc (NASDAQ: JD), this well-known name, have come up to the second place with its 85 of hedge funds. Actually, the total value of hedge fund holdings is $13.57 billion. JD is among the largest B2C e-commerce service providers in China and also across the globe. The top stake holder in the company is Tiger Global Management LLC, with an considerable amount of $4 billion worth at the end of September.For getting further useful information please click the best Chinese stocks to buy now.
