5 Chinese stocks to watch in the stock market today


Do you have these Chinese stocks on your watch list today?

Chinese stocks were soaring across the board on Wednesday amid Beijing’s strong push to stabilize financial markets. This prompted investors to buy on dips after relentless selling over the past few months. As Beijing Reinsurance staged a strong comeback for Chinese stocks after what appeared to be a bottomless decline, investors are wondering how sustainable this rebound can be. Could this be a dead cat bounce? Or is the bottom behind us? According to Chinese state media, it looks like the crackdown on tech companies may end soon. Additionally, Bloomberg reported earlier today that China is considering letting U.S. regulators inspect the audits of less sensitive companies to avoid possible debarment.

With all this news, I can understand why some investors are now listing the top Chinese stocks to buy on the stock exchange. Take Ali Baba (NYSE: BABA) for example. Despite rising 37% on Wednesday, the stock is still down more than 50% in the past year. Some may argue that many Chinese stocks are still trading at discounted prices and that this recovery has been a long time coming. With all that has been said and done, the question remains, can these actions build on this momentum? If you think so, here are some of the top Chinese stocks in the stock market today that are worth looking into.

Chinese stocks to buy [Or Sell] Currently

JD.com

JD.com is an e-commerce company operating through two segments, JD Retail and New Businesses. The JD Retail segment includes online retail, online marketplace and marketing services in China. Meanwhile, the New Ventures segment is responsible for logistics services provided to third parties, technology initiatives and asset management services to logistics real estate investors. JD stock rebounded strongly in Wednesday’s trading session, climbing 39% during the day.

Earlier this week, the company’s JD Logistics announced that it had reached a series of agreements for the proposed acquisition of Deppon Logistics. For the uninitiated, Deppon is an integrated, customer-centric logistics company that offers a wide range of solutions in China. This includes trucking, delivery services, full truckload and warehousing management. Safely, this investment looks like an investment for the future against the backdrop of the growing role of e-commerce in retail. With that in mind, would JD stocks have a place in your portfolio?

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Baidu

best tech stocks to buy (BIDU stock)

Another big Chinese company to note right now would be Baidu. Just like Google, the company is an internet search provider in China. The company’s Baidu.com is a website that allows users to find information online, including news, images, documents and more. In addition to this, it also operates a Baidu Core segment which provides online marketing services and the company’s new AI initiatives. BIDU stock also soared in Wednesday’s trading session rising 39% in a single day.

The company’s Baidu AI Cloud kicked off March by launching an AI sign language platform. The platform can generate digital avatars for sign language transition and live interpretation in minutes. Thus, it aims to help break down communication barriers for the deaf and hard of hearing community by enhancing the accessibility of automated sign language transition. Through this initiative, Baidu could help address the shortage of qualified sign language translators. All things considered, should you invest in BIDU shares today?

Xpeng

top ev stocks to watch (xpev stocks)

As some of you know, China is one of the leaders in electric vehicle (EV) adoption. Good, Xpeng is a company that has greatly contributed to this growth in the region. Simply put, it specializes in the development and sales of smart electric vehicles that mainly target the mid to high-end segment of China’s passenger vehicle market. The company’s main products are the G3 sport utility vehicle (SUV) and the P7 sport sedan. Not to mention that Xpeng also provides supercharging service, maintenance services as well as car sharing services.

On Monday, Xpeng announced that it had joined three major European automotive associations. This includes the European Association for Electromobility (AVERE), the Royal RAI Vereniging / RAI Association (RAI) and BIL Sweden. This decision reinforces its long-term commitment to developing a smarter and greener mobility ecosystem on the continent. In addition, these new connections would hopefully accelerate the development of electrification and digitization technologies for the sector. With this development, is XPEV stock a buy?

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Li-Auto

best ev stocks to buy now (LI stocks)

Similar to Xpeng, Li-Auto is a China-based new energy passenger vehicle automobile manufacturer. In addition to this, the company also sells peripheral products and provides related services, such as charging stations, vehicle internet connection services and extended lifetime warranties. Currently, the company’s main products are SUVs under its Li ONE brand. The Li ONEs were released in May 2021 and were immediately a hit with consumers. So, we understand why EV enthusiasts are often on the lookout for LI stock.

Li Auto started the month by announcing its latest delivery updates. Impressively, it delivered 8,414 Li ONEs in February 2022, representing a 265.8% year-on-year increase. This brings Li ONE’s cumulative shipments to 144,770 since its market debut. That said, investors can expect a better month-over-month improvement in its March shipments, as February numbers are lower due to the Lunar New Year holiday. Given these factors, do you think LI stock could continue its momentum?

bilibili

BILI Share

Finally, we will look at the online entertainment service provider, bilibili. Its products and services are aimed at the younger generations in China. These range from mobile games to value-added services such as comics and audio content. Users can generate professional videos, videos generated by their work, and even live stream. Impressively, BILI stock soared just over 47% on Wednesday.

Earlier this month, Bilibili also announced strong finances. During the company’s fourth quarter, its total net revenue improved to $907.1 million, up 51% year-over-year. Meanwhile, its average monthly active users reached 271.7 million, representing a 35% increase. Overall, the company’s growth is steady and seems able to sustain it. So is it time to jump on the bandwagon of BILI shares?

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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