*rubs alibaba genie lamp* IN J

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carnivalriot
2021-05-12

*rubs alibaba genie lamp*

IN JACK MA WE TRUST!

Cathie Wood Can't Get Enough Of These 3 Chinese Alibaba Rivals

Cathie Wood-led Ark Investment Management has recently been heavily buying into three Chinese stocks

Cathie Wood Can't Get Enough Of These 3 Chinese Alibaba Rivals

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These are ARKF, ARKW, the&nbsp;Autonomous Technology &amp; Robotics ETF&nbsp;(BATS:ARKQ) and the&nbsp;Space Exploration &amp; Innovation ETF&nbsp;(BATS:ARKX).\nJD.com is an&nbsp;e-commerce company headquartered in Beijing that runs&nbsp;one of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.\nJD stock closed 0.6% lower at $77.36 on Friday.\nMeituan&nbsp;(OTC:MPNGY): Ark holds 3,264,117 Hong Kong shares of the company, worth about $125.2 million, via ARKF and ARKX.\nThe New York-based investment firm had earlier this week said in its research note that it believes Meituan is challenging competitors such as JD Logistics and Alibaba's Cainiao in the last-mile autonomous delivery race.\n“While wider adoption will depend on regulatory approval by district, slower moving robo-delivery vans without passengers probably will have to clear lower safety hurdles than robotaxis that are transporting passengers,” Ark analyst Yulong Cui wrote in a note to investors.\nMeituan had earlier this week raised $10 billion to fund its last-mile autonomous delivery minivan and drone program to counter Alibaba in the grocery arena. After nearly a year of testing, Meituan is launching its next-generation autonomous delivery minivans in Beijing's Shunyi district.\nMeituan OTC shares closed 2.48% lower at $76.64 on Friday.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Can't Get Enough Of These 3 Chinese Alibaba Rivals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Can't Get Enough Of These 3 Chinese Alibaba Rivals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2021-05-03 10:43\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\nCathie Wood-led Ark Investment Management has recently been heavily buying into three Chinese&nbsp;stocks that are rival to&nbsp;Alibaba Group Holding&nbsp;(NYSE:BABA) in the e-commerce and online groceries space.\nThe Jack Ma-led Alibaba has seen its shares slump 21.4% since October last year over troubles with the Chinese government, including the scuttling of the planned initial public offering of fintech subsidiary Ant Group.&nbsp;Alibaba was fined $2.8 billion by China in April as what&nbsp;many perceived&nbsp;to be the end of regulatory troubles for the e-commerce giant.\nWood's firm continues to hold about&nbsp;636,894 shares in Alibaba, worth around&nbsp;$147.1 million as of Friday, but it has, in recent months, piled up significantly on stocks of rivals, some of which now account for a better part of its holdings than Alibaba.\nPinduoduo Inc&nbsp;(NASDAQ:PDD): Ark&nbsp;started picking up shares of the Chinese e-commerce giant Pinduoduo in March and has so far picked a total of 1,452,181 shares, worth about $194.5 million, as per Friday's closing.\nThe&nbsp;Ark Fintech Innovation ETF&nbsp;(NYSE:ARKF) and the&nbsp;ArkNext Generation Internet ETF&nbsp;(NYSE:ARKW) currently hold the PDD shares.\nThe Shanghai-based&nbsp;company is known to be China's largest&nbsp;agriculture-based platform and had last year launched Duo Duo Grocery, a next-day grocery pickup service.&nbsp;Farmers list their fruits and vegetables for direct sale to consumers.\nShares of Pinduoduo closed 2.59% lower at $133.93 on Friday.\nJD.com Inc&nbsp;(NASDAQ:JD): The investment firm holds about 6,064,238 shares, worth about $469.1 million, of the Chinese e-commerce company via four of its funds. These are ARKF, ARKW, the&nbsp;Autonomous Technology &amp; Robotics ETF&nbsp;(BATS:ARKQ) and the&nbsp;Space Exploration &amp; Innovation ETF&nbsp;(BATS:ARKX).\nJD.com is an&nbsp;e-commerce company headquartered in Beijing that runs&nbsp;one of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.\nJD stock closed 0.6% lower at $77.36 on Friday.\nMeituan&nbsp;(OTC:MPNGY): Ark holds 3,264,117 Hong Kong shares of the company, worth about $125.2 million, via ARKF and ARKX.\nThe New York-based investment firm had earlier this week said in its research note that it believes Meituan is challenging competitors such as JD Logistics and Alibaba's Cainiao in the last-mile autonomous delivery race.\n“While wider adoption will depend on regulatory approval by district, slower moving robo-delivery vans without passengers probably will have to clear lower safety hurdles than robotaxis that are transporting passengers,” Ark analyst Yulong Cui wrote in a note to investors.\nMeituan had earlier this week raised $10 billion to fund its last-mile autonomous delivery minivan and drone program to counter Alibaba in the grocery arena. After nearly a year of testing, Meituan is launching its next-generation autonomous delivery minivans in Beijing's Shunyi district.\nMeituan OTC shares closed 2.48% lower at $76.64 on Friday.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","ARKQ":"ARK Autonomous Technology & Robotics ETF","09988":"阿里巴巴-SW","03690":"美团-W","ARKW":"ARK Next Generation Internation ETF","MPNGY":"美团ADR","BABA":"阿里巴巴","ARKF":"ARK Fintech Innovation ETF","09618":"京东集团-SW","ARKX":"ARK Space Exploration & Innovation ETF","JD":"京东"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146143312","content_text":"Cathie Wood-led Ark Investment Management has recently been heavily buying into three Chinese stocks that are rival to Alibaba Group Holding (NYSE:BABA) in the e-commerce and online groceries space.\nThe Jack Ma-led Alibaba has seen its shares slump 21.4% since October last year over troubles with the Chinese government, including the scuttling of the planned initial public offering of fintech subsidiary Ant Group. Alibaba was fined $2.8 billion by China in April as what many perceived to be the end of regulatory troubles for the e-commerce giant.\nWood's firm continues to hold about 636,894 shares in Alibaba, worth around $147.1 million as of Friday, but it has, in recent months, piled up significantly on stocks of rivals, some of which now account for a better part of its holdings than Alibaba.\nPinduoduo Inc (NASDAQ:PDD): Ark started picking up shares of the Chinese e-commerce giant Pinduoduo in March and has so far picked a total of 1,452,181 shares, worth about $194.5 million, as per Friday's closing.\nThe Ark Fintech Innovation ETF (NYSE:ARKF) and the ArkNext Generation Internet ETF (NYSE:ARKW) currently hold the PDD shares.\nThe Shanghai-based company is known to be China's largest agriculture-based platform and had last year launched Duo Duo Grocery, a next-day grocery pickup service. Farmers list their fruits and vegetables for direct sale to consumers.\nShares of Pinduoduo closed 2.59% lower at $133.93 on Friday.\nJD.com Inc (NASDAQ:JD): The investment firm holds about 6,064,238 shares, worth about $469.1 million, of the Chinese e-commerce company via four of its funds. These are ARKF, ARKW, the Autonomous Technology & Robotics ETF (BATS:ARKQ) and the Space Exploration & Innovation ETF (BATS:ARKX).\nJD.com is an e-commerce company headquartered in Beijing that runs one of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.\nJD stock closed 0.6% lower at $77.36 on Friday.\nMeituan (OTC:MPNGY): Ark holds 3,264,117 Hong Kong shares of the company, worth about $125.2 million, via ARKF and ARKX.\nThe New York-based investment firm had earlier this week said in its research note that it believes Meituan is challenging competitors such as JD Logistics and Alibaba's Cainiao in the last-mile autonomous delivery race.\n“While wider adoption will depend on regulatory approval by district, slower moving robo-delivery vans without passengers probably will have to clear lower safety hurdles than robotaxis that are transporting passengers,” Ark analyst Yulong Cui wrote in a note to investors.\nMeituan had earlier this week raised $10 billion to fund its last-mile autonomous delivery minivan and drone program to counter Alibaba in the grocery arena. After nearly a year of testing, Meituan is launching its next-generation autonomous delivery minivans in Beijing's Shunyi district.\nMeituan OTC shares closed 2.48% lower at $76.64 on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":370,"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,"upFlag":false,"length":38,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}