According to government calculations, China’s economy will become one of the world’s fastest expanding in terms of per-capita GDP by 2025. In the first quarter of 2020, China’s GDP fell by 6.8%, but quickly recovered in the second quarter of 2021. Investors are concerned about China’s regulatory crackdowns. Alibaba Group Holding Limited, the world’s largest e-commerce and cloud computing company, will be one of the most affected corporations. China has issued a directive to move data from commercial cloud computing providers to a government-backed cloud system by September 2022.
Here is Insider Monkey’s list of the Chinese stocks popular among hedge funds. Weibo Corporation is the ninth-best Chinese stock to purchase right now. In 2019, the Chinese social network startup extended its user base to over 486 million users in 2010. It features a strong platform for social interaction and content collecting and delivery. Weibo Corporation is now the ninth-best Chinese stock to buy. The Chinese social network startup’s member base grew to over 486 million in 2019. It has a robust platform for social interaction and content collection and distribution. In the 20 years since its founding, KE Holdings Inc has grown its mobile monthly active user base to over 52.1 million. BEKE has become an accurate and dependable source for real estate listings, according to Barclays analyst Jiong Shao. Vipshop Holdings Limited was established in 2008 and began trading on the New York Stock Exchange in 2012. At the end of the second quarter of 2021, 36 hedge funds out of the 873 tracked by Insider Monkey had holdings in VIPS worth around $1.30 billion. For more details, click Top 9 Chinese Stocks To Buy Today.