Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Weibo, Sohu, Nio, BYD Co. and Li Auto. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity.
China's antitrust regulators recently fined Meituan (OTC: MPNG.Y), one of the country's largest on-demand delivery companies, 3.44 billion yuan ($533 million) -- or 3% of its domestic revenue from 2020 -- following a closely watched probe that started in April. The investigation mainly focused on Meituan's use of exclusive deals to prevent its merchants from using other delivery services. A wide range of other Chinese tech stocks also rallied alongside Meituan as investors digested the news.
In this article, we discuss the 11 best penny stocks to buy according to hedge funds. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Penny Stocks To Buy According To Hedge Funds. Hedge funds do not normally invest in penny stocks, primarily because of the risk […]