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Mohit Oberoi

1 Undervalued Chinese Stock to Buy Near 52-Week Lows

JDcom JD Economy China

Chinese stocks have been notably weak in 2023. While the Shanghai Composite Index ($CHSC) is trading flat for the year, Hong Kong's Hang Seng Index ($HSI) is in the red, and continued its slide today amid the slump in property stocks.

Last week, Chinese tech giant JD.com (JD) stock hit a new 52-week low amid the continued rout in tech names. While JD.com stock has recovered slightly from its recent lows, it is still down over 48% for the year. After the recent slump, I believe JD.com looks like an undervalued Chinese stock to buy now.

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