286 Chinese companies listed on major U.S. stock exchanges

We've been working on enhancing MOMO Pro to highlight the true origination of US listed stocks. As you know, trying to find the true HQ of a business while tracking a fast moving stock is tedious and often futile effort as these non-US located businesses want US investors to buy-in on their stories. Most, if not all get pumped and subsequently dumped.

The scheme relies on the fact that U.S. regulators cannot effectively monitor the entire chain of custody across these different countries simultaneously, allowing the perpetrators to "pump" a stock, "dump" it via a nominee in one of the questionable jurisdictions, and extract the profits long before the enforcement actions can be coordinated across borders.

We've heard from many of you saying "had I only known, I wouldn't have traded it". We hear you. While trading any of these is risky business, it's rare to have a stock truly headquartered in the United States dump like those offshore, low float plays. In moments of weakness and wanting to catch the rips, I've been burned and can attest these alone are some of my biggest losses, relative to the gains I've gotten from them – hence our upcoming AI based risk tool.

In building this new capability, we stumbled on an official listing of Chinese companies on the US exchanges by the "U.S.-China Economic AND Security Review Commission". The 286-stock roster from March 2025 represents the last static baseline available from the commission. I was unaware about this, but the report actually is only covering about 50% of the offshore businesses which we have identified as risky based on parsing their SEC filings and other registrations. There are shells and other questionable registrations which can enable questionable business activities in countries like: Cayman Islands, British Virgin Islands (BVI), Hong Kong, Macau, Singapore, Malaysia, and Cyprus.

While many to most originate from China any company disguising their HQ needs to be highlighted as a risk. Also our functionality will be quickly accessible so you won't have to hunt around to determine if it is a likely pump & dump play.

Until we get our feature released, here is the listing. Keep in mind, 20 or so have been removed due to delisting or regulatory issues. You may also download the listing as a Google Sheet.

# Symbol Company Name Market Cap ($ mil) IPO Month/Year IPO Value ($ mil) Sector Lead Underwriter(s)
1 BABA+HK Alibaba Group Holding Limited $345,960 September 2014 $21,767 Technology Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan
2 PDD Pinduoduo Inc. $166,541 July 2018 $1,626 Business Services Chase, Morgan Stanley, Citigroup
3 NTES+HK NetEase, Inc. $68,655 June 2000 n/a Technology CICC, Credit Suisse, Goldman Sachs
4 JD+HK JD.com, Inc. $67,875 May 2014 $1,800 Consumer Services Merrill Lynch, Deutsche Bank, Merrill Lynch, UBS
5 TCOM+HK Trip.com International, Ltd. $41,938 December 2003 $76 Business Services Merrill Lynch
6 BIDU+HK Baidu, Inc $33,399 August 2005 $109 Technology Goldman Sachs, Piper Jaffray, Credit Suisse
7 LI+HK Li Auto $31,713 July 2020 $1,000 Consumer Durables Goldman Sachs, Morgan Stanley, UBS, CICC
8 BEKE+HK KE Holdings $29,859 August 2020 $2,100 Real Estate Morgan Stanley, China Renaissance, J.P. Morgan
9 ONC+HK BeiGene $28,163 February 2016 $158 Health Care Goldman Sachs, Morgan Stanley, Cowen and Company
10 TME+HK Tencent Music Entertainment $23,872 December 2018 $1,100 Technology Bank of America, Deutsche Bank, Goldman Sachs, JPMorgan
11 XPEV+HK Xpeng Group $22,291 August 2020 $1,500 Technology Morgan Stanley, Bank of America Securities, Credit Suisse, J.P. Morgan
12 YUMC+HK Yum China Holdings Inc. $18,673 November 2016 n/a Consumer Services n/a
13 ZTO+HK ZTO Express (Cayman) Inc. $16,462 October 2016 $1,406 Transportation Morgan Stanley, Goldman Sachs
14 YMM Full Truck Alliance Co. Ltd $13,773 June 2021 $1,568 Transportation Morgan Stanley, CICC, Goldman Sachs
15 HTHT+HK H World Group Limited $11,900 March 2010 $110 Consumer Services Goldman Sachs, Morgan Stanley
16 BILI+HK Bilibili Inc. $10,318 March 2018 $483 Technology Merrill Lynch, JP Morgan Chase, Morgan Stanley
17 NIO+HK NIO Inc. $9,670 September 2018 $1,000 Consumer Durables BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, UBS
18 VIPS Vipshop Holdings Limited $8,821 March 2012 $72 Consumer Services Goldman Sachs, Deutsche Bank
19 TAL TAL Education Group $8,146 October 2010 $120 Consumer Services Credit Suisse, Morgan Stanley
20 EDU+HK New Oriental Education & Technology Group, Inc. $8,132 March 2006 $113 Consumer Services Credit Suisse, Goldman Sachs
21 ZK§ ZEEKR Intelligent Holding Ltd $7,764 May 2024 $441 Consumer Discretionary Goldman Sachs, Morgan Stanley, Merrill Lynch, CICC
22 BZ+HK Kanzhun Limited $7,629 May 2021 $912 Technology Goldman Sachs, Morgan Stanley, UBS
23 GDS+HK GDS Holdings Limited $7,437 November 2016 $193 Technology Credit Suisse, JP Morgan
24 QFIN+HK Qifu Technology, Inc. $6,545 December 2018 $52 Finance AMTD Global, Citigroup, Goldman Sachs, Haitong, Lighthouse
25 MNSO+HK Miniso $6,467 October 2020 $608 Consumer Services Goldman Sachs, Bank of America Securities
26 PONY§ Pony AI Inc. $5,304 November 2024 $260 Technology Goldman Sachs, Merrill Lynch, Deutsche Bank, Huatai, Tiger Brokers
27 WRD§ WeRide Inc. $4,499 October 2024 $441 Technology Morgan Stanley, J.P. Morgan, CICC, ABCI, BNP Paribas, Tiger Brokers
28 KC+HK Kingsoft Cloud $4,292 May 2020 $510 Technology JPMorgan, UBS, Credit Suisse, CICC
29 ATAT Atour Lifestyle Holdings $4,143 November 2022 $52 Consumer Discretionary Bank of America Securities, Citigroup, CICC, CMB International
30 ZLAB+HK Zai Lab Limited $4,045 September 2017 $150 Health Care Citigroup, JP Morgan Chase, Leerink Partners
31 RLX RLX Technology $3,707 January 2021 $1,400 Consumer Non-Durables Citigroup, China Renaissance
32 ATHM+HK Autohome Inc. $3,658 December 2013 $133 Technology Deutsche Bank, Goldman Sachs
33 VNET VNET Group Inc $3,062 April 2011 $195 Technology Deutsche Bank, Goldman Sachs, Barclays
34 HCM+HK HUTCHMED (China) Limited $2,924 March 2016 $101 Health Care Bank of America, Deutsche Bank
35 TUYA+HK Tuya Inc. $2,813 March 2021 $915 Technology Morgan Stanley, Bank of America Securities
36 LU+HK Lufax $2,739 October 2020 $2,360 Finance Bank of America, Goldman Sachs, UBS, HSBC
37 WB+HK Weibo Corporation $2,717 April 2014 $286 Technology Credit Suisse, Goldman Sachs
38 YY JOYY Inc. $2,629 November 2012 $82 Technology Citigroup, Deutsche Bank, Morgan Stanley
39 IQ iQIYI, Inc. $2,262 March 2018 $2,250 Technology Goldman Sachs, Merrill Lynch, Credit Suisse
40 HSAI Hesai Group $2,222 February 2023 $190 Technology Goldman Sachs, Morgan Stanley, Credit Suisse
41 FINV FinVolution Group $2,165 November 2017 n/a Finance Credit Suisse, Citigroup Global Markets
42 LZMH§ LZ Technology Holdings Limited $1,828 February 2025 $7 Technology Benjamin Securities, Inc., D. Boral Capital LLC
43 AAPG§+HK Ascentage Pharma Group International $1,767 January 2025 $126 Health Care J.P. Morgan, Citigroup
44 ACMR ACM Research, Inc. $1,710 November 2017 $19 Technology Roth Capital Partners, Inc.
45 LX Lexin Fintech Holdings Ltd. $1,490 December 2017 $108 Finance Deutsche Bank, Goldman Sachs, Merrill Lynch, China Renaissance
46 EH Ehang $1,441 December 2019 $40 Transportation Morgan Stanley
47 TIGR UP Fintech Holding Ltd. $1,376 March 2019 $104 Finance Citigroup, Deutsche Bank, AMTD Global, China Merchants, Top Capital
48 MOMO Hello Group Inc. $1,317 December 2014 $216 Technology Morgan Stanley, Credit Suisse, J.P. Morgan, China Renaissance
49 DQ Daqo New Energy Corp. $1,253 October 2010 $76 Technology Morgan Stanley
50 JKS JinkoSolar Holding Co., Ltd. $1,117 May 2010 $64 Technology Credit Suisse
51 BGM BGM Group Ltd $1,043 January 2021 $25 Health Care Univest Securities
52 DAO Youdao Inc $1,037 October 2019 $95 Consumer Services Citigroup Global Markets Inc., Morgan Stanley, Credit Suisse
53 HUYA HUYA Inc. $919 May 2018 $180 Technology Credit Suisse, Goldman Sachs, Citigroup, Jefferies
54 GOTU Gaotu Techedu, Inc. $913 June 2019 $208 Consumer Services Credit Suisse, Deutsche Bank, Barclays, CLSA
55 NOAH+HK Noah Holdings Ltd. $830 November 2010 $101 Finance Merrill Lynch, JP Morgan Chase
56 UXIN Uxin Limited $791 June 2018 $225 Business Services CICC, China Renaissance, Goldman Sachs, JP Morgan, Morgan Stanley
57 RERE ATRenew Inc. $747 June 2021 $227 Consumer Services Goldman Sachs, Bank of America Securities, China Renaissance
58 MSC Studio City International Holdings $738 October 2018 $359 Consumer Services Deutsche Bank, Credit Suisse, Morgan Stanley
59 DDL Dingdong (Cayman) Limited $727 June 2021 $96 Consumer Non-Durables Morgan Stanley, Bank of America Securities, Credit Suisse
60 CSIQ Canadian Solar Inc. $678 November 2006 $116 Technology Deutsche Bank, Lehman Brothers
61 YALA Yalla $637 September 2020 $140 Technology Morgan Stanley, Haitong International
62 GCT GigaCloud Technology Inc $629 August 2022 $36 Technology Aegis Capital Corp.
63 FLX§ BingEx Ltd $608 October 2024 $66 Industrials Deutsche Bank, CICC, CLSA Limited
64 YRD Yiren Digital Ltd. $602 December 2015 $75 Finance China Renaissance, Credit Suisse, Morgan Stanley
65 ZKH ZKH Group Ltd $598 December 2023 $62 Business Services Deutsche Bank, China Renaissance, CICC
66 XYF X Financial $545 September 2018 $105 Finance Deutsche Bank, Morgan Stanley, China Merchants, EBS, AMTD Tiger
67 AHG Akso Health Group $535 November 2017 $50 Finance Network 1 Financial Securities
68 QD Qudian Inc. $525 October 2017 $900 Finance Citigroup, CICC, Credit Suisse, Morgan Stanley, UBS
69 JFIN Jiayin Group $523 May 2019 $37 Finance Roth Capital Partners
70 MVST Microvast Holdings, Inc. $505 July 2021 n/a Technology n/a
71 API Agora $501 June 2020 $350 Technology Morgan Stanley, Bank of America, Needham & Company
72 WYHG§ Wing Yip Food Holdings Group Ltd $498 November 2024 $8 Consumer Staples Dawson James Securities, Inc., D. Boral Capital LLC
73 ZH+HK Zhihu $489 March 2021 $772 Technology Credit Suisse, Goldman Sachs, J.P. Morgan Securities
74 DADA Dada Nexus (JD Daojia) $483 June 2020 $320 Consumer Services Goldman Sachs, Bank of America Securities, Jefferies
75 SOHU Sohu.com Limited $470 July 2000 $60 Technology Credit Suisse
76 WDH Waterdrop, Inc. $469 May 2021 $360 Finance Goldman Sachs (Asia), Morgan Stanley, Bank of America Securities
77 CAN Canaan Creative $454 November 2019 $90 Technology Citigroup, China Renaissance, CMB International
78 AAM§ AA Mission Acquisition Corp. $449 August 2024 $300 Finance Clear Street
79 YSG Yatsen Holding $379 November 2020 $617 Consumer Non-Durables Goldman Sachs, Morgan Stanley, CICC
80 DOGZ Dogness (International Corporation) $360 December 2017 $55 Consumer Durables Spartan Securities
81 CANG Cango Inc. $354 July 2018 $44 Consumer Services Morgan Stanley, Merrill Lynch, Goldman Sachs
82 JYD Jayud Global Logistics Ltd $347 April 2023 $5 Industrials Benchmark Company LLC
83 MFH Mercurity Fintech Holding $330 April 2015 $40 Technology Axiom Capital Management
84 ZJK§ ZJK Industrial Co., Ltd. $324 September 2024 $6 Industrials Cathay Securities, Inc.
85 EM Smart Share Global Limited $293 January 2021 $150 Consumer Services Goldman Sachs (Asia), Citigroup, China Renaissance
86 XNET Xunlei Limited $285 July 2014 $88 Technology Citigroup, JP Morgan Chase
87 XHG XChange TEC.INC $276 October 2019 $46 Real Estate Morgan Stanley, CICC
88 GHG GreenTree Hospitality Group $260 March 2018 $143 Consumer Services Merrill Lynch, Morgan Stanley, UBS Investment Bank
89 OCFT+HK OneConnect Financial Technology $250 December 2019 $312 Technology Morgan Stanley, Goldman Sachs, J.P. Morgan, Ping An
90 ICG Intchains Group, Ltd. $243 March 2023 $8 Technology Maxim Group LLC
91 DOYU Douyu $239 July 2019 $775 Technology Morgan Stanley, JPMorgan, BofA Merrill Lynch, CMB International
92 NAMI§ Jinxin Technology Holding Co $218 December 2024 $5 Real Estate Craft Capital Management LLC, WestPark Capital, Inc., R. F. Lafferty
93 ZYBT§ Zhengye Biotechnology Holding Ltd $206 January 2025 $6 Health Care Kingswood Capital Partners, LLC
94 PHH§ Park Ha Biological Technology $203 December 2024 $5 Consumer Discretionary Dawson James Securities, Inc., D. Boral Capital LLC
95 BZUN+HK Baozun Inc. $195 May 2015 $110 Consumer Services Merrill Lynch, Credit Suisse, Morgan Stanley
96 NIU Niu Technologies $187 October 2018 $63 Capital Goods Citigroup, Credit Suisse
97 NTCL§ NetClass Technology Inc $183 December 2024 $9 Technology Newbridge Securities Corporation, Revere Securities, LLC
98 HCAI§ Huachen AI Parking Management $180 February 2025 $6 Consumer Discretionary Benjamin Securities, Inc., D. Boral Capital LLC
99 CMCM Cheetah Mobile $154 May 2014 $168 Technology Morgan Stanley, J.P. Morgan, Credit Suisse
100 TOUR Tuniu Corporation $135 May 2014 $72 Consumer Services China Renaissance, Credit Suisse, Morgan Stanley
101 KNDI Kandi Technologies Group, Inc. $134 March 2008 $28 Capital Goods FT Global Capital
102 CAAS China Automotive Systems, Inc. $133 October 2003 n/a Capital Goods Cornell Capital Partners
103 QH Quhuo Tech $131 July 2020 $33 Technology Roth Capital, Valuable Capital, Tiger Brokers
104 QSG QuantaSing Group Ltd $126 January 2023 $41 Technology Citigroup, CICC, CLSA, US Tiger Securities, Univest Securities
105 ZJYL Jin Medical International $126 March 2023 $8 Consumer Discretionary Prime Number Capital, LLC
106 NCTY The9 Limited $112 December 2004 $103 Business Services Bear Stearns, CLSA Limited
107 COE 51Talk Online Education Group $110 June 2016 $46 Consumer Services Credit Suisse, Morgan Stanley
108 IH iHuman $109 October 2020 $84 Consumer Services Credit Suisse, Citigroup
109 VIOT Viomi Technology Co. Ltd $105 September 2018 $103 Consumer Durables CICC, Morgan Stanley
110 EPWK§ EPWK Holdings Ltd. $104 February 2025 $11 Technology Cathay Securities, Inc., Revere Securities LLC
111 HLP Hongli Group Inc. $102 March 2023 $8 Industrials Benchmark Investments
112 THCH TH International Ltd $100 January 2021 $345 Finance UBS Securities
113 GLAC Global Lights Acquisition Corp $97 November 2023 $69 Industrials Chardan Capital Markets, LLC
114 PAVS Paranovus Entertainment Tech $96 October 2019 $11 Consumer Durables Univest Securities
115 NA Nano Labs Ltd $94 July 2022 $20 Technology AMTD Global, Maxim Group, Tiger Brokers
116 LUD§ Luda Technology Group Limited $93 February 2025 $10 Basic Materials Revere Securities LLC, Pacific Century Securities, LLC
117 SY SoYoung Technology $92 May 2019 $179 Technology Deutsche Bank, CICC
118 HUHU§ HUHUTECH International Group $91 October 2024 $4 Telecommunications Craft Capital Management LLC, EF Hutton LLC
119 ADAG Adagene $90 February 2021 $140 Health Care Goldman Sachs (Asia), Morgan Stanley, Jefferies
120 CCG Cheche Group Inc. $90 March 2023 $18 Finance n/a
121 LSE§ Leishen Energy Holding Co. Ltd. $89 December 2024 $6 Industrials Dominari Securities LLC, Revere Securities LLC
122 ABLV Able View Global Inc. $86 August 2022 $60 Finance Ladenburg Thalmann
123 ANL Adlai Nortye Ltd $85 September 2023 $58 Pharma & Biotech Cantor Fitzgerald & Co.
124 STG Sunlands Technology Group $85 March 2018 $150 Consumer Services Goldman Sachs, Morgan Securities, Credit Suisse
125 SFWL Shengfeng Development Ltd $83 March 2023 $10 Industrials Univest Securities
126 CBAT CBAK Energy Technology, Inc. $80 February 2005 n/a Capital Goods n/a
127 WETO§ Webus International $80 February 2025 $8 Industrials Alexander Capital, L.P., Network 1 Financial, R.F. Lafferty
128 MATH Metalpha Technology Holding $79 October 2017 $9 Finance Boustead Securities, Network 1 Financial Securities
129 YIBO§ Planet Image International Ltd $79 January 2024 $5 Industrials US Tiger Securities
130 SOL Emeren Group Ltd $76 January 2008 $130 Energy Credit Suisse, Deutsche Bank
131 FVNNU§ Future Vision II Acquisition $76 September 2024 $58 Finance Rimon
132 RDAC§ Rising Dragon Acquisition Corp $76 October 2024 $57 Finance Lucid Capital Markets
133 YI 111, Inc. $74 September 2018 $101 Health Care CICC, Citigroup, JP Morgan Chase
134 FNGR FingerMotion, Inc. $74 June 2016 n/a Technology n/a
135 XCH§ XCHG Ltd $73 September 2024 $21 Industrials US Tiger Securities
136 WIMI WiMi Hologram Cloud $72 March 2020 $26 Technology Benchmark, Valuable Capital, Maxim, China Merchants, BOCI, Axiom
137 AZI§ Autozi Internet Technology $70 August 2024 $10 Consumer Discretionary Kingswood Capital Partners, LLC
138 ICLK iClick Interactive Asia Group $69 December 2017 $27 Technology Roth Capital Partners
139 CNF CNFinance Holdings Limited $68 November 2018 $49 Finance Roth Capital
140 YGMZ MingZhu Logistics Holdings $64 October 2020 $20 Consumer Services FT Global Capital
141 YSXT§ YSX Tech Co., Ltd $62 December 2024 $5 Consumer Discretionary Kingswood Capital Partners, LLC
142 GMM Global Mofy Metaverse Ltd $62 October 2023 $6 Technology Prime Number Capital LLC
143 YAAS§ Youxin Technology Ltd $61 December 2024 $10 Technology Aegis Capital Corp.
144 YXT§ YXT.com Group Holding Limited $60 August 2024 $25 Health Care Kingswood Capital Partners, LLC
145 JG Aurora Mobile Limited $57 July 2018 $77 Technology Credit Suisse, Deutsche Bank, Goldman Sachs
146 BNR Burning Rock Biotech $57 June 2020 $281 Health Care Morgan Stanley, BofA Securities, Cowen, CMB, Tiger Brokers
147 BEST BEST Inc $56 September 2017 n/a Transportation Citigroup, Credit Suisse, Goldman Sachs, JPMorgan, Deutsche Bank
148 JZXN Jiuzi Holdings Inc $53 May 2021 $26 Consumer Services Boustead Securities
149 STEC Santech Holdings Limited $49 March 2021 $30 Finance Network 1 Financial, Alexander Capital, Valuable Capital
150 PTHL§ Pheton Holdings Ltd $49 September 2024 $9 Health Care Cathay Securities, Inc., Dominari Securities LLC
151 UCL uCloudlink Group Inc. $48 June 2020 $36 Technology I-Bankers Securities, Inc., Valuable Capital Limited
152 CNTB Connect Biopharma Holdings $47 March 2021 $220 Health Care Jefferies, SVB Leernick, Piper Sandler, CICC
153 STAK§ STAK Inc. $47 February 2025 $5 Industrials Kingswood Capital Partners, LLC
154 LGCL§ Lucas GC Ltd $45 March 2024 $6 Technology Joseph Gunnar & Co., LLC
155 RCON Recon Technology, Ltd. $45 July 2009 $10 Energy Anderson & Strudwick
156 AIXI XIAO-I Corporation $45 March 2023 $39 Technology Prime Number Capital LLC
157 WAI Top KingWin Ltd $43 April 2023 $11 Consumer Discretionary Univest Securities, Pacific Century Securities, AC Sunshine
158 ZBAO§ Zhibao Technology Inc. $42 April 2024 $6 Finance EF Hutton LLC
159 BEDU Bright Scholar Education $42 May 2017 $158 Consumer Services Deutsche Bank, Morgan Stanley
160 ZEPP Zepp Health Corporation $42 February 2018 $110 Technology China Renaissance, Credit Suisse, Citigroup
161 GDHG Golden Heaven Group Holdings $38 April 2023 $7 Consumer Discretionary Revere Securities LLC, R.F. Lafferty & Co. Inc.
162 HPH Highest Performances Holdings $37 March 2019 $26 Finance Network 1 Financial Securities
163 DSWL Deswell Industries, Inc. $37 July 1995 n/a Basic Industries n/a
164 SJ Scienjoy Holding $36 March 2019 n/a Technology Public combination with SPAC Wealthbridge
165 HKIT Hitek Global Inc. $35 April 2023 $16 Technology R.F. Lafferty & Co., Inc., Pacific Century Securities, LLC
166 CLPS CLPS Incorporation $35 May 2018 $11 Technology Cuttone & Co., Benchmark Co.
167 HUIZ Huize Holding Limited $35 February 2020 $55 Finance Citi, CICC
168 CASI CASI Pharmaceuticals, Inc. $34 June 1996 $43 Health Care Allen & Co. Inc., Dillon, Read & Co. Inc., Volpe, Welty & Co.
169 RAYA Erayak Power Solution Group $34 December 2022 $12 Energy Craft Capital Management, R.F. Lafferty
170 AACG ATA Creativity Global $33 January 2008 $46 Consumer Services Merrill Lynch
171 MTEN§ Mingteng International Corp $33 April 2024 $4 Industrials Univest Securities
172 NISN Nisun International Enterprise $33 December 2016 $20 Capital Goods Spartan Securities Group
173 LBGJ§ Li Bang International Corp $31 October 2024 $6 Industrials Craft Capital Management LLC, EF Hutton LLC
174 BTCM BIT Mining $31 November 2013 $75 Technology Deutsche Bank
175 MTC MMTec, Inc. $31 January 2019 $7 Technology Westpark Capital
176 MASK§ 3 E Network Technology Group $30 January 2025 $5 Technology Craft Capital Management LLC, Boustead Securities, LLC
177 ZCMD Zhongchao Inc. $30 February 2020 $12 Consumer Services Network 1 Financial Securities
178 ORIS§ Oriental Rise Holdings Ltd $29 October 2024 $7 Consumer Staples US Tiger Securities
179 EBON Ebang International Holdings $28 June 2020 $101 Technology AMTD
180 EHGO§ EShallGo Inc. $28 July 2024 $5 Consumer Discretionary US Tiger Securities, Kingswood Capital Partners, LLC
181 JZ Jianzhi Education Technology $28 August 2022 $25 Consumer Services Univest Securities
182 INLF§ INLIF Ltd $27 January 2025 $8 Industrials AC Sunshine Securities LLC
183 FENG Phoenix New Media Ltd. $26 May 2011 $140 Consumer Services Deutsche Bank, Macquarie Capital, Morgan Stanley
184 EPOW Sunrise New Energy Co., Ltd. $26 February 2021 $27 Technology ViewTrade Securities
185 OCG Oriental Culture Holding $25 December 2020 $20 Consumer Services ViewTrade, Prime Number Capital
186 BTCT BTC Digital Ltd. $23 October 2018 $55 Consumer Services Chardan Capital Markets, I-Bankers Securities
187 UTSI UTStarcom Holdings Corp. $23 March 2000 $180 Capital Goods Bank of America Securities, Merrill Lynch, Piper Jaffray
188 HUDI Huadi International Group $22 January 2021 $25 Basic Industries Craft Capital Management, R.F. Lafferty
189 AIFU AIX Inc. $22 November 2007 $188 Finance Morgan Stanley
190 GDC GD Culture Group Ltd. $21 July 2015 $50 Finance Cantor Fitzgerald & Co.
191 FEDU Four Seasons Education $20 November 2017 $101 Consumer Services Morgan Stanley, Citigroup, China Renaissance
192 GTEC Greenland Technologies Holding $20 July 2018 $44 Capital Goods Chardan Capital Markets
193 CCTG§ CCSC Technology International $19 January 2024 $6 Consumer Discretionary Revere Securities LLC, R.F. Lafferty & Co., Inc.
194 LITB LightInTheBox Co. Ltd. $19 June 2013 $79 Consumer Services Credit Suisse, Stifel Nicolaus & Co.
195 CCM Concord Medical Services $19 December 2009 $132 Health Care CICC, JP Morgan Chase, Morgan Stanley
196 IZM ICZOOM Group Inc. $19 March 2023 $6 Consumer Discretionary Benchmark Company
197 DDC DDC Enterprise Ltd $18 November 2023 $33 Basic Materials CMB International Capital, The Benchmark Company, LLC
198 BHAT Blue Hat Interactive Entertainment $18 July 2019 $8 Technology ViewTrade Securities
199 CHR Cheer Holding, Inc $18 February 2021 $11 Technology Univest Securities
200 JFU 9F Group $18 August 2019 $85 Finance Credit Suisse, Haitong, CLSA, China Investment, 9F Primasia
201 DUO FangDD $17 November 2019 $78 Real Estate Morgan Stanley, UBS, CICC, AMTD Global Markets
202 WETH§ Wetouch Technology Inc. $17 February 2024 $11 Technology WestPark Capital, Craft Capital, R.F. Lafferty
203 MGIH Millennium Group International $17 April 2023 $5 Consumer Discretionary Revere Securities LLC, R.F. Lafferty & Co. Inc.
204 TIRX Tian Ruixiang Holdings $17 January 2021 $12 Finance Network 1 Financial Securities, Brilliant Norton Securities
205 NAAS NaaS Technology Inc. $16 October 2017 $160 Consumer Services Credit Suisse, Morgan Stanley
206 SISI Shineco, Inc. $16 September 2016 $8 Consumer Non-Durables Bonwick Capital, Halcyon Cabot, Network 1 Financial
207 EDTK Skillful Craftsman Education $16 July 2020 $15 Consumer Services Benchmark Company
208 ENFY Enlightify, Inc. $16 March 2009 n/a Basic Industries n/a
209 DTSS Datasea Inc. $16 December 2018 $7 Technology ViewTrade Securities
210 MOGU MOGU Inc. $16 December 2018 $67 Consumer Services Morgan Stanley, Credit Suisse Securities, China Renaissance
211 XIN Xinyuan Real Estate Co., Ltd. $16 December 2007 $245 Real Estate Merrill Lynch
212 SOS SOS Limited $16 April 2017 $60 Finance Morgan Stanley, Credit Suisse, Jefferies
213 RETO ReTo Eco-Solutions, Inc. $16 November 2017 $14 Capital Goods ViewTrade Securities
214 DXST§ Decent Holding Inc. $16 January 2025 $5 Industrials Craft Capital Management LLC, D. Boral Capital LLC
215 PT Pintec Technology Holdings $16 October 2018 $44 Technology Citigroup, Deutsche Bank, Goldman Sachs
216 JDZG§ JIADE Ltd $15 May 2024 $8 Real Estate WestPark Capital, Inc., Webull Financial LLC
217 PLAG Planet Green Holdings Corp $15 January 2006 n/a Consumer Non-Durables n/a
218 YQ 17 Education & Technology Group $15 December 2020 $288 Consumer Services Goldman Sachs (Asia), Morgan Stanley, BofA Securities
219 CDTG§ CDT Environmental Tech $15 April 2024 $6 Industrials WestPark Capital, Inc.
220 SFHG§ Samfine Creation Holdings $15 October 2024 $8 Consumer Discretionary Cathay Securities, Revere Securities, Dominari Securities
221 SEED Origin Agritech Limited $14 March 2004 n/a Consumer Non-Durables EarlyBirdCapital
222 CREG Smart Powerr Corp. $13 April 2010 n/a Business Services n/a
223 PETZ TDH Holdings, Inc. $12 September 2017 $6 Consumer Non-Durables View Trade Securities
224 FEBO Fenbo Holdings Ltd $12 December 2023 $5 Consumer Non-Durables Benchmark Investments, LLC
225 UCAR U Power Ltd $12 April 2023 $15 Consumer Discretionary WestPark Capital
226 STFS§ Star Fashion Culture Holdings $11 October 2024 $9 Consumer Discretionary Cathay Securities, Inc., WestPark Capital, Inc.
227 CPOP Pop Culture Group $11 June 2021 $37 Business Services Network 1 Financial Securities, Valuable Capital Ltd.
228 SOGP Sound Group Inc $11 January 2020 $45 Technology Citigroup, Partnerships, AMTD Global, Needham, Tiger, Prime
229 CLWT Euro Tech Holdings Company $11 March 1997 $3 Technology n/a
230 RTC Baijiayun Group Ltd $11 December 2006 $31 Capital Goods Maxim Group
231 LOBO§ LOBO EV TECHNOLOGIES LTD $11 March 2024 $6 Consumer Discretionary Kingswood Capital Partners, LLC
232 LXEH Lixiang Education Holding $11 September 2020 $31 Consumer Services AMTD Global Markets, Loop Capital
233 MHUA Meihua International Medical $10 February 2022 $39 Health Care Prime Number Capital LLC
234 WNW Meiwu Technology Company $10 December 2020 $30 Consumer Services Boustead Securities, Brilliant Norton Securities
235 WOK§ WORK Medical Technology Group $10 August 2024 $8 Health Care Kingswood Capital Partners, LLC
236 LKCO Luokung Technology Corp $10 May 2010 $16 Technology Roth Capital Partners, Inc.
237 UBXG§ U-BX Technology Ltd. $10 March 2024 $10 Technology EF Hutton LLC
238 ILAG Intelligent Living Application Group $10 July 2022 $20 Basic Industries Network 1 Financial Securities
239 AIHS Senmiao Technology Limited $9 March 2018 $12 Finance ViewTrade Securities
240 KUKE Kuke Music Holdings $9 January 2021 $50 Consumer Services Deutsche Bank, US Tiger Securities, AMTD
241 KRKR 36Kr $9 November 2019 $20 Technology Credit Suisse, CICC, AMTD Global Markets
242 WAFU Wah Fu Education Group $9 April 2019 $6 Consumer Services Network 1 Financial Securities
243 YJ Yunji $9 May 2019 $121 Consumer Services Morgan Stanley, Credit Suisse, JP Morgan, CICC
244 CLEU China Liberal Education Holdings $8 May 2020 $8 Consumer Services Boustead Securities
245 CHSN Chanson International Holding $8 April 2023 $14 Consumer Staples Benchmark Investments
246 HIHO Highway Holdings Limited $8 December 1996 n/a Basic Industries n/a
247 GURE Gulf Resources, Inc. $8 November 1994 n/a Basic Industries n/a
248 GRNQ Greenpro Capital Corp. $7 June 2018 $1 Business Services Self-underwritten
249 GSUN Golden Sun Education Group $7 June 2022 $18 Consumer Services Network 1 Financial Securities
250 AMBO Ambow Education Holding Ltd $6 May 2018 $8 Consumer Services Benchmark Company
251 CNEY CN Energy Group $6 February 2021 $20 Energy Network 1 Financial Securities
252 ANTE AirNet Technology Inc. $6 November 2007 $225 Technology Lehman Brothers, Morgan Stanley
253 EJH E-Home Household Service $6 May 2021 $25 Consumer Services Joseph Stone Capital LLC
254 WTO Utime Technology $6 April 2021 $15 Technology Boustead Securities
255 RDGT Ridgetech, Inc. $6 April 2010 n/a Health Care Madison Williams, Rodman & Renshaw
256 ATXG Addentax Group Corp. $6 August 2022 $159 Consumer Non-Durables Network 1 Financial Securities
257 CHNR China Natural Resources, Inc. $5 March 1996 n/a Basic Materials n/a
258 JWEL Jowell Global Ltd $5 March 2021 $26 Technology Network 1 Financial Securities
259 SNTG Sentage Holdings $5 July 2021 $20 Finance Network 1 Financial Securities
260 FTFT Future FinTech Group Inc. $5 September 2004 n/a Technology n/a
261 HAOS§ Haoxi Health Technology Ltd $5 January 2024 $10 Consumer Discretionary EF Hutton LLC
262 OST Ostin Technology Group Co.Ltd. $5 April 2022 $14 Technology Prime Number Capital, Shengang Securities
263 CPHI China Pharma Holdings $4 October 2009 n/a Health Care n/a
264 AEHL Antelope Enterprise Holdings $4 November 2010 $26 Capital Goods Roth Capital Partners, Inc.
265 BON Bon Natural Life Limited $4 June 2021 $11 Consumer Services US Tiger Securities, Newbridge Securities
266 AGMH AGM Group Holdings $4 April 2018 $7 Technology Network 1 Financial Securities
267 TAOP Taoping Inc. $4 September 2010 n/a Technology n/a
268 TANH Tantech Holdings Ltd. $4 March 2015 $13 Basic Industries Newbridge Securities, ViewTrade Securities
269 JXG JX Luxventure Ltd $4 October 2012 $50 Consumer Non-Durables Lazard Capital Markets, Rodman & Renshaw
270 BAOS Baosheng Media Group Holdings $4 February 2021 $30 Business Services Univest Securities
271 ITP IT Tech Packaging, Inc. $3 2009 n/a Basic Industries Roth Capital
272 FAMI FARMMI, INC. $3 February 2018 $7 Consumer Non-Durables ViewTrade Securities
273 NXTT Next Technology Holding Inc $3 July 2022 $40 Technology Univest Securities
274 LICN Lichen China Ltd $3 February 2023 $16 Finance Univest Securities
275 TCTM TCTM Kids IT Education Inc. $3 April 2014 $138 Consumer Services Credit Suisse, Goldman Sachs
276 CNET ZW Data Action Technologies $3 September 2010 n/a Technology n/a
277 IFBD Infobird $3 April 2021 $25 Technology WestPark Capital
278 BQ Boqii Holding $3 September 2020 $70 Consumer Services Roth Capital, CMB International, Valuable Capital
279 EZGO EZGO Technologies $3 January 2021 $11 Transportation View Trade Securities
280 UOKA MDJM LTD $3 January 2019 $6 Finance Network 1 Financial Securities
281 TC TuanChe Limited $3 November 2018 $20 Business Services AMTD Global Markets, Maxim Group
282 SXTC China SXT Pharmaceuticals $2 January 2019 $10 Health Care Boustead Securities, LLC
283 UPC Universe Pharmaceuticals $2 March 2021 $25 Health Care Univest Securities
284 KXIN Kaixin Auto Holdings $2 October 2017 $180 Consumer Durables Early Bird Capital
285 UK Ucommune International $2 December 2020 n/a Real Estate Business combination with SPAC Orisun
286 XTKG X3 Holdings Co Ltd $1 April 2019 $9 Technology Benchmark, Maxim

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