Cathie Wood’s Ark Invest Re-enters Alibaba After Four-Year Hiatus
Cathie Wood's Ark Invest made its first Alibaba purchase since 2021, acquiring $16.3 million worth of shares across two ETFs. The move, while small relative to Ark's $6.7 billion AUM, signals renewed confidence in the Chinese tech giant after years of regulatory and geopolitical headwinds.
Alibaba's Hong Kong-listed shares jumped nearly 9% following the disclosure, reflecting investor sensitivity to Ark's high-conviction bets. Wood's track record of identifying disruptive growth gives this symbolic allocation outsized market impact.
The timing suggests Ark sees improved fundamentals in China's tech sector. This comes as Beijing signals regulatory easing and Alibaba accelerates share buybacks, with $12.5 billion repurchased year-to-date.