From InvestorPlace: 2024-06-11 06:47:57

Renowned hedge fund manager Ray Dalio recommends diversifying investment portfolios with Chinese stocks amid market uncertainty, highlighting U.S. election risks.

Alibaba’s stagnant performance is set to change with a 7% revenue increase to $30.7 billion in Q4, boasting a strong eCommerce and cloud computing comeback.

NetEase impresses with a 7.2% YOY revenue increase to $3.7 billion in Q1, showcasing strength in the mobile gaming market with substantial growth potential.

Baidu, China’s AI pioneer, reports a remarkable 24% YOY rise in non-GAAP ADS to $2.76 and a 1% YOY increase in total sales to $4.37 billion in Q1, driven by growth in online and non-online marketing sales. Wall Street analysts forecast a 58% upside potential for the stock.



Read more at InvestorPlace: The 3 Best Chinese Stocks to Buy in June 2024