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2021-05-10

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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

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The stock ranks twelfth position among 47 stocks in ARKF.The Beijing-headquartered JD.com runs one of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.Other Ark Buys On Friday:Coinbase Global IncCOIN 2.7%Veracyte IncVCYT 1.23%908 Devices IncMASS 2.02%Ionis Pharmaceuticals IncNASDAQINOSFate Therapeutics IncFATE 0.08%CM Life Sciences II IncCMII 0.34%CareDx IncCDNA 6.92%Draftkings IncDKNG 6.69%Unity Software IncU 1.23%TuSimple HoldingsTSP 4.05%Skillz IncSKLZ 2.01%Kratos Defense & Security Solutions IncKTOS 1.35%OneAONE 0.2%Iridium Communications IncIRDM 0.76%Teradyne IncTER 1.77%Twitter IncTWTR 0.07%Nano Dimension LtdNNDM 2.93%Okta IncOKTA 1.23%MeituanMPNGF 0.72%Ark Sells On Friday:Yeahka LtdYHEKF 9.94%Silvergate Capital CorpSI 4.33%Takeda Pharmaceutical Co LtdTAK 1.5%Syros Pharmaceuticals IncSYRS 5.97%Roche Holding AgRHHBY 2.08%Nanostring Technologies IncNSTG 3.03%Lendingtree IncTREE 2.16%Novartis AgNVS 0.68%Pure Storage IncPSTG 2.03%Baidu IncBIDU 0.41%Nintendo Co LtdNTDOY 1.46%Workhorse Group IncWKHS 0.31%Virgin Galactic Holdings Inc (NYSE: SPCE)Crowdstrike Holdings Inc (NASDAQ: CRWD)Pinterest IncPINS 0.98%Deere & Co (NYSE: DE)","news_type":1},"isVote":1,"tweetType":1,"viewCount":489,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}