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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Bets Big On Chinese AI: Ark Buys Alibaba And Baidu In Back-to-Back Days, Dumps Shopify Despite Recent OpenAI Rally

Cathie Wood ARK Alibaba BABA Baidu SHOP Shopify OpenAI Brera Holdings Ark Invest
Los,Angeles,,California,-,July,6,2025:,Ark,Invest,Logo

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving major companies like Alibaba Group Holding Ltd (NYSE:BABA), Shopify Inc (NASDAQ:SHOP), Baidu Inc (NASDAQ:BIDU), and Brera Holdings PLC (NASDAQ:BREA). These trades reflect Ark’s strategic positioning in the evolving tech and AI sectors.

The Alibaba Trade

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