Cool

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
Cathie Wood Loads Up Another $28M Worth Of Shares In Alibaba Rival JD.Com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet