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Ark Invest Purchases Chinese Stocks
On Monday, Cathie Wood’s Ark Invest acquired shares of Alibaba (NYSE: BABA), Pony AI (NASDAQ: PONY), and Baidu (NASDAQ: BIDU) during a strong market rally, with purchases reflective of broader interest in Chinese companies.
As of Monday, Alibaba has surged 95% in 2025 but is facing single-digit revenue growth, trading at 16 times next fiscal year’s projected earnings. Pony AI recently reported a 76% rise in quarterly revenue to approximately $21.5 million, targeting a fleet of 1,000 vehicles by year-end. Baidu’s share price has increased over 60% this year, albeit with two revenue declines in three years, currently trading at 12 times trailing earnings.
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