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For the first time in four years,"Sister Mudou" holds Alibaba worth more than US$16 million

Internet reports that the fund of "wooden sister" Cathie Wood has reopened its position in Alibaba (BABA.N) for the first time in four years. According to a daily trading report released by Wood's Ark Investment Management, the company's two ETFs bought Alibaba ADR on Monday, with a total value of approximately $16.3 million. On Tuesday, Alibaba's ADR hit its highest level since November 2021, almost doubling year-to-date. According to the SEC search tool, Ark's first investment in Alibaba dates back to 2014, shortly after the company went public that year. However, no investment or proxy voting records could be found. The latest investment may mark another beginning for Ark to expand its investment in the Internet sector in China.

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