Alibaba’s stock has been on a strong run this year, jumping about 70%, thanks to solid growth in AI, cloud services, and better cost control. People are still optimistic it can climb higher. Other Chinese tech stocks, especially those focused on AI and chips, are also hitting new highs. Meituan, on the other hand, is struggling with heavy competition in food delivery, hurting its profits and making it less of a clear buy for now.
ARK Back in China! Can Fresh Confidence Signal a New Cycle?
ARK’s first investment in Alibaba dates back to 2014, shortly after the company’s IPO. However, since September 2021, public filings have shown no record of ARK holding or voting in Alibaba — coinciding with China’s regulatory crackdown on the internet sector.
This latest repurchase of Alibaba shares is therefore seen as a strong signal of ARK’s return to the Chinese tech sector.
Recently, ARK has been gradually rebuilding its positions in Chinese tech names, having already repurchased Baidu earlier.
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.
Comments