Cathie Wood buys back into Alibaba as stock hits multiyear hig

Cathie Wood just jumped back into Alibaba after four years of silence, right as the stock exploded to its highest point since late ￰0￱ Monday, her firm Ark Investment Management bought Alibaba shares through two of its ￰1￱ total value? About $16.3 million, according to Ark’s daily trading ￰2￱ isn’t some small ￰3￱ Tuesday, Alibaba’s U. S.-traded ADRs hit levels not seen since November ￰4￱ stock has nearly doubled in 2025 ￰5￱ are betting hard on its new AI strategy to turn things around, as its main e-commerce business keeps losing ground to rising players like PDD ￰6￱ and Temu have been ripping into Alibaba’s market ￰7￱ ramps up China tech positions again Cathie first jumped into Alibaba in 2014, right after the company’s ￰8￱ records show steady involvement, until everything stopped cold in September 2021.

That’s when Beijing’s regulatory crackdown hit Chinese internet firms ￰9￱ that, there was no trace of Ark voting or trading activity tied to ￰10￱ silence lasted four ￰11￱ Monday’s buy looks like a full re-entry. It’s also not ￰12￱ also bought more shares of Baidu on the same day, pushing that position up to $47 million, according to the ￰13￱ move follows earlier 2025 purchases in Baidu, making it clear Ark’s betting again on China’s tech ￰14￱ still holds smaller stakes in other China-related names: BYD , Pony AI, and JD ￰15￱ are there, but tiny compared to Alibaba and Baidu. Cathie’s been famous for going after future tech ￰16￱ main fund, ARKK, is up 49% this year, beating both the Nasdaq 100 and S&P ￰17￱ zoom out, and it’s still down over the last five ￰18￱ while 2025 has been hot, the fund’s bled out $438 million in investor cash so far this year, based on Bloomberg ￰19￱ latest Alibaba move could be Cathie trying to pivot back into sectors she’d avoided since China’s tech ￰20￱ also ties into her wider strategy of stacking up AI-focused bets, just as Wall Street’s obsession with artificial intelligence reaches fever ￰21￱ with Alibaba shifting its focus away from just e-commerce and deeper into machine learning, it fits her pattern.

“AI is the next big wave of innovation,” Cathie’s team wrote in a recent update. “Companies leading in this space could see exponential growth.” She’s not alone in that thinking, but her timing is bold. Everyone’s watching to see if this $16.3 million buy-in is the start of a full comeback for Ark’s China exposure—or just a ￰22￱ way, Alibaba is back in her ￰23￱ you're reading this, you’re already ￰24￱ there with our newsletter .