Caixin
Jan 21, 2023 03:20 AM
TECH

Cathie Wood’s Ark Investment Resumes Selling in JD.com

(Bloomberg) — Ark Investment Management LLC’s Cathie Wood is back to selling JD.com Inc. shares after a hiatus of about six months as Chinese technology stocks experience a historic rebound helped by regulatory easing.

ARK Fintech Innovation ETF sold 6,645 American depository receipts (ADRs) of the Chinese online retailer Thursday, marking its first sale of the company since July, according to Ark Investment’s daily trading data compiled by Bloomberg. Wood’s previous selling streak was from mid-September 2021 to July.

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