Cathie Wood Loads Up Another $28M Worth Of Shares In Alibaba Rival JD.Com

Cathie Wood-led Ark Investment Management on Friday bought 366,879 shares, worth about $27.7 million, in JD.com Inc JD, a key rival to Alibaba Group Holding BABA in the e-commerce space in China.

Shares of JD.com closed 1.15% lower at $75.51 on Friday.

Wood's firm has been piling up shares in Alibaba rivals, some of which now account for a better part of its holdings compared to the Jack Ma-led company, whose shares have slumped over 20% since October last year over troubles with the Chinese government.

See also: How To Buy Alibaba Stock

The ARK Innovation ETF ARKF, which held about $112.5 million ahead of the trade on Friday, or 2.94% of the ETF weight, made the purchase. The stock ranks twelfth position among 47 stocks in ARKF.

The Beijing-headquartered JD.com runs one of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.

See Also: Cathie Wood Slashes Apple Stake To Half — Also Trims Google, Fastly: What You Need To Know

Other Ark Buys On Friday:

• Coinbase Global Inc COIN
• Veracyte Inc VCYT
• 908 Devices Inc MASS
• Ionis Pharmaceuticals Inc INOS
• Fate Therapeutics Inc FATE
• CM Life Sciences II Inc CMII
• CareDx Inc CDNA
• Draftkings Inc DKNG
• Unity Software Inc U
• TuSimple Holdings TSP
• Skillz Inc SKLZ
• Kratos Defense & Security Solutions Inc KTOS
• One AONE
• Iridium Communications Inc IRDM
• Teradyne Inc TER
• Twitter Inc TWTR
• Nano Dimension Ltd NNDM
• Okta Inc OKTA
• Meituan MPNGF

Ark Sells On Friday:

• Yeahka Ltd YHEKF
• Silvergate Capital Corp SI
• Takeda Pharmaceutical Co Ltd TAK
• Syros Pharmaceuticals Inc SYRS
• Roche Holding Ag RHHBY
• Nanostring Technologies Inc NSTG
• Lendingtree Inc TREE
• Novartis Ag NVS
• Pure Storage Inc PSTG
• Baidu Inc BIDU
• Nintendo Co Ltd NTDOY
• Workhorse Group Inc WKHS
• Virgin Galactic Holdings Inc SPCE
• Crowdstrike Holdings Inc CRWD
• Pinterest Inc PINS
• Deere & Co DE