Cathie Wood’s ARK Invest Shifts Focus to Chinese Tech Stocks

Cathie Wood's ARK Invest ETFs made significant portfolio adjustments on September 22, pivoting toward Chinese technology stocks. The firm deployed approximately $21 million across Alibaba Group, Baidu, and Pony AI, signaling growing institutional confidence in China's tech sector.

Alibaba emerged as the primary beneficiary, with ARKW and ARKF funds acquiring $16.13 million worth of shares. The e-commerce giant's diversified operations—spanning cloud computing with proprietary AI tools and a global logistics network—appear to align with ARK's innovation thesis. Baidu secured a $2.9 million investment through ARKQ, leveraging its dominance in Chinese search and autonomous driving technology.

The moves coincide with a divestment from Western tech names including Oklo, Roblox, and Shopify. While no direct cryptocurrency exposure appears in these trades, the reallocation toward AI-centric Chinese firms mirrors blockchain investors' appetite for compute-intensive growth sectors.