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- 1 Making a purchase in Chinese companies is promising and beneficial in terms of the 5G revolution.
- 2 The US-China tech wars are booming the value and effectiveness of Chinese stocks in the stock market.
Investing in Chinese tech stocks is emerging as one of the best investments in 2023 as the stocks are predicted to skyrocket in the upcoming years. The Chinese stock market is emerging as one of the long-term investment opportunities for the US and internal traders. The top 5 US-listed Chinese tech stocks to buy in 2023 are explored below.
Alibaba (BABA)
Alibaba Group Holdings Ltd is one of the largest firms in the Chinese market by market capitalization and is categorized as one of the best stocks to pick in 2023. It is a leading e-commerce business holding around 2.547 Billion shares outstanding. BABA stock price at present is $100.55 and is predicted to touch $750 Billion by the beginning of 2025 making it a worthwhile stock to buy in 2023.
Tencent (TCEHY)
Tencent is one of the biggest players in the field of video game publishing and is considered China’s top mobile messaging platform. The increased demand for video games and mobile messaging platforms is booming the demand of Tencent in the stock market. TCEHY stock price is $45.96 and is predicted to reach around $58.51 by the end of 2025, making it a good stock to invest in in 2023.
BYD Company (BYDDF)
BYD Company is categorized among the leading players in China EV manufacturers offering blade batteries, dual-model hybrid technology, and electronic platform 3.0 for Electric cars. The firm was founded in 1995 and emerged as one of the best stocks to purchase in 2023. BYDDF stock’s price at present is $35.35 with total shares outstanding of 21.36 Million. The stocks are assumed to go high in the near future, making it a good stock to invest in at present.
Baidu Inc. (BIDU)
Baidu Inc. is a technology and advertising firm mainly known for its Artificial Intelligence and Internet services, offering the fifth largest website in terms of search engines. BIDU is one of the best and most effective Chinese tech stocks to buy in 2023 as the company is predicted to generate high revenues shortly. BIDU stock price is $155.36 at present with a total share outstanding of 349.6 Million and is predicted to touch $200 by the end of 2025.
NetEase (NTES)
NetEase, a creative Chinese technology firm and a strong player in the video gaming industry is one of the strong stocks to buy in 2023. The initiative to launch the first virtual reality multiplayer game boosts the chances of growth and success of NetEase in the marketplace. NTES stock prices at present are $108.50 with a total share outstanding of 644.95 Million and assumed to touch $182.73 by the end of 2025.
Conclusion
China tech companies have some of the largest market capitalization in the international marketplace making them one of the good options to invest in 2023. Alibaba, Baidu Inc., NetEase, BYD Company, and Tencent are some of the top Chinese tech stocks in the US stock lists that are worth investment in 2023.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
