Cathie Wood Loads Up Another $28M Worth Of Shares In Alibaba Rival JD.Com
Cathie Wood-led Ark Investment Management on Friday bought 366,879 shares, worth about $27.7 million, in JD.com Inc, a key rival to Alibaba Group Holding in the e-commerce space in China.Shares of JD.com closed 1.15% lower at $75.51 on Friday.Wood's firm has been piling up shares of Alibaba rivals, some of which now account for a better part of its holdings compared to the Jack Ma-led company, whose shareshave slumpedover 20% since October last year over troubles with the Chinese government.The