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Cathie Wood Can t Get Enough Of These 3 Chinese Alibaba Rivals Alibaba Group Holding (NYSE:BABA) in the e-commerce and online groceries space. The Jack Ma-led Alibaba has seen its shares slump 21.4% since October last year over troubles with the Chinese government, including the scuttling of the planned initial public offering of fintech subsidiary Ant Group. Alibaba was fined $2.8 billion by China in April as what many perceived to be the end of regulatory troubles for the e-commerce giant. Wood s firm continues to hold about 636,894 shares in Alibaba, worth around $147.1 million as of Friday, but it has, in recent months, piled up significantly on stocks of rivals, some of which now account for a better part of its holdings than Alibaba.

Hong kongYulong cuiAlibaba cainiaoAnt groupPinduoduo incAutonomous technology roboticsAlibaba group holdingCathie wood led ark investment managementJack ma led alibabaArk next generation internetDuo groceryPrimary beneficiary of alibabaChina regulatoryAutonomous technologySpace explorationNew york based