China-based enterprises with stock markets in the United States have taken a beating. The Chinese government’s escalating crackdown on dual-listed companies has resulted in a mass outflow of investors. As of May, 248 Chinese companies with a market capitalization of $2.1 trillion were trading in the United States. Alibaba Group Holding Limited and JD.com, Inc. are two of the most popular Chinese companies traded on US markets. These companies’ stock prices have dropped by 23, 13, 20, and 21% in the last three months, respectively.
Here is Insider Monkey’s list of the 10 Chinese stocks hedge funds are selling amid crackdowns. Adagene Inc. is ranked tenth. The company is a clinical-stage biopharmaceutical company that focuses on the discovery and production of cancer-treatment medications. 360 DigiTech, Inc. is rated ninth. GLG Partners, a London-based investment business, is the largest stakeholder, with 516,372 shares valued at more than $21 million. The Beijing-based KE Holdings Inc. owns and operates an integrated online and offline platform for housing transactions and services. It ranks eighth among the ten Chinese stocks hedge funds are selling as a result of regulatory crackdowns. Yum China Holdings, Inc. is a Shanghai-based corporation that owns and operates KFC and Pizza Hut franchise stores. It comes in seventh place on the list of the ten Chinese stocks hedge funds are dumping due to the crackdowns. The sixth stock on our list of ten Chinese stocks hedge funds are selling amid crackdowns is Vipshop Holdings Limited. The company is based in Guangzhou and owns and manages an online discount detailer for numerous brands. 36 hedge funds in Insider Monkey’s database held holdings in VIPS totaling $1.30 billion at the end of the second quarter of 2021. For more details, click 10 Chinese Stocks Hedge Funds Are Selling Amid Crackdowns.
