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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Goes Big On Alibaba With $25 Million Share Purchase, Scales Back On This Social Media Stock

Alibaba BABA Cathie Wood ARK Baidu Ark Invest ARKK Reddit Alibaba Group Holding Ltd ARKG
Cathie Wood Pivots- Sells Robinhood High, Doubles Down On Bitmine Immersion Amid Eightco Buzz

On Tuesday, Cathie Wood-led Ark Invest made significant moves in its portfolio, focusing on Alibaba Group Holding Ltd. (NASDAQ:BABA), Baidu Inc. (NASDAQ:BIDU), and Reddit Inc. (NYSE:RDDT). These trades come amid a backdrop of evolving market dynamics and regulatory challenges, particularly affecting Chinese firms.

The Reddit Trade

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