Lates News

"Wood sister" Cathie Wood's fund has resumed its position in Alibaba (BABA.N) for the first time in four years. According to Ark Investment Management's daily trading reports, the company's two ETFs bought Alibaba ADR worth approximately $16.3 million on Monday. Alibaba ADR reached its highest level since November 2021 on Tuesday, nearly doubling since the beginning of the year. According to the SEC search tool, Ark's initial investment in Alibaba can be traced back to 2014, shortly after the company went public. However, no investment or proxy voting records have been found since September 2021. This latest investment may signal Ark's renewed expansion in the Chinese internet sector.