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2021-05-04

[惊讶]

Cathie Wood Loads Up More On Alibaba Rivals Pinduoduo, JD — Also Adds Skillz

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14:34","market":"us","language":"en","title":"Cathie Wood Loads Up More On Alibaba Rivals Pinduoduo, JD — Also Adds Skillz","url":"https://stock-news.laohu8.com/highlight/detail?id=1125263023","media":"Benzinga","summary":"Cathie Wood-led Ark Investment Management on Monday bought more shares of Pinduoduo Inc PDD 0.37%and","content":"<p>Cathie Wood-led Ark Investment Management on Monday bought more shares of&nbsp;<b>Pinduoduo Inc</b>&nbsp;PDD 0.37%and&nbsp;<b>JD.com Inc</b>JD 0.44%—&nbsp;rivals to&nbsp;<b>Alibaba Group Holding</b>&nbsp;BABA 0.07%in the e-commerce and online groceries space in China.</p><p>Wood's firm has been piling up shares of 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 2020 overtroubleswith the Chinese government.</p><p><i>See Also:Cathie Wood Can't Get Enough Of These 3 Chinese Alibaba Rivals</i></p><p>The investment firm bought 126,988 shares of Chinese e-commerce giant Pinduoduo on Monday, estimated to be worth about $16.9 million as of the day's close.</p><p>Shares of Pinduoduo closed 0.37% lower at $133.43 on Monday.</p><p>The<b>Ark Fintech Innovation ETF</b>ARKF 1.34%made the trade on Monday. ARKF held a total of 573,550 PDD shares worth about $76.8 million and representing 1.85% weight of the ETF, ahead of Monday’s trade.</p><p>The Shanghai-based company is known to be China's largest agriculture-based platform and had last year launched Duo Duo Grocery, a next-day grocery pickup service. Farmers list their fruits and vegetables for direct sale to consumers.</p><p>The New York-based hedge fund also bought 143,481 shares, worth about $11.2 million, in JD.com. The<b>Autonomous Technology &amp; Robotics ETF</b>(BATS:&nbsp;ARKQ) and the<b>Space Exploration &amp; Innovation ETF</b>(BATS:&nbsp;ARKX) made the trades.</p><p>JD.com shares closed 0.44% lower at $77.02 on Monday and were down 0.42% in after-hours trading.</p><p>The Beijing-headquartered company runs <a href=\"https://laohu8.com/S/AONE\">one</a> of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.</p><p>Ark also piled up on mobile games platform company<b><a href=\"https://laohu8.com/S/SKLZ\">Skillz Inc</a></b>SKLZ 5.59%— buying 720,962 shares worth about $11.9 million.&nbsp;Skillz shares closed 5.71% lower at $16.52.</p><p>Wood has been buying the stock on dips and is bullish on the company despite a recent&nbsp;negative short seller report on its business model.</p><p><i>See Also:Why Cathie Wood Is Bullish On Skillz?</i></p><p>Other Ark Buys On Monday:</p><ul><li><b><a href=\"https://laohu8.com/S/STNE\">StoneCo</a> Ltd</b>STNE 1.02%</li><li><b>Recursion Pharmaceuticals</b>RXRX 1.14%</li><li><b>Repare Therapeutics Inc</b>RPTX 0.12%</li><li><b>UiPath Inc</b>PATH 1.51%</li><li><b>Zymergen Inc</b>ZY 7.22%</li><li><b>CM Life Sciences II Inc</b>CMIIU 2.51%</li><li><b>Ionis Pharmaceuticals Inc</b>IONS 0.4%</li><li><b>Iridium Communications</b>IRDM 1.34%</li><li><b><a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc</b>TWTR 1.15%</li><li><b>Beam Therapeutics Inc</b>BEAM 8.3%</li><li><b><a href=\"https://laohu8.com/S/VUZI\">Vuzix</a> Corp</b>VUZI 6.81%</li><li><b>Unity Software Inc</b>U 4.8%</li><li><b>Galileo Acquisitions Corp</b>GLEO 0.1%</li><li><b>3D Systems Corp</b>DDD 5.06%</li><li><b>Tencent&nbsp;Holdings Ltd</b>TCEHY 0.59%</li><li><b>Fastly Inc</b>FSLY 3.24%</li><li><b>Roblox Corp</b>RBLX 4.61%</li></ul><p>Other Ark Sells On Monday:</p><ul><li><b>Intercontinental Exchange Inc</b>ICE 2.03%</li><li><b>Thermo Fisher Scientific Inc</b>TMO 0.7%</li><li><b>Roche Holding Ag</b>RHHBY 1.57%</li><li><b><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc</b>REGN 1.52%</li><li><b><a href=\"https://laohu8.com/S/PSTI\">Pluristem Therapeutics</a></b>PSTI</li><li><b><a href=\"https://laohu8.com/S/PSTG\">Pure Storage Inc</a></b>PSTG 3.09%</li><li><b>Novartis Ag</b>NYSENV</li><li><b>Phreesia</b>PHR 2.15%</li><li><b>PACCAR</b>PCAR 1.01%</li><li><b>Baidu Inc</b>BIDU 2.56%</li><li><b><a href=\"https://laohu8.com/S/TDY\">Teledyne Technologies Inc</a></b>TDY 1.28%</li><li><b>Trade Desk Inc</b>TTD 3.8%</li><li><b><a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a></b>ROKU 2.23%</li><li><b><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a></b>SI 3.15%</li><li><b>Agora Inc</b>API 0.21%</li><li><b>Adyen NV</b>ADYEY 0.69%</li></ul>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Loads Up More On Alibaba Rivals Pinduoduo, JD — Also Adds Skillz\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 14:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/penny-stocks/21/05/20929556/cathie-wood-loads-up-more-on-alibaba-rivals-pinduoduo-jd-also-adds-skillz><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management on Monday bought more shares of Pinduoduo Inc PDD 0.37%and JD.com IncJD 0.44%— rivals to Alibaba Group Holding BABA 0.07%in the e-commerce and online ...</p>\n\n<a href=\"https://www.benzinga.com/markets/penny-stocks/21/05/20929556/cathie-wood-loads-up-more-on-alibaba-rivals-pinduoduo-jd-also-adds-skillz\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W","BABA":"阿里巴巴","PDD":"拼多多","09618":"京东集团-SW","JD":"京东"},"source_url":"https://www.benzinga.com/markets/penny-stocks/21/05/20929556/cathie-wood-loads-up-more-on-alibaba-rivals-pinduoduo-jd-also-adds-skillz","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125263023","content_text":"Cathie Wood-led Ark Investment Management on Monday bought more shares of Pinduoduo Inc PDD 0.37%and JD.com IncJD 0.44%— rivals to Alibaba Group Holding BABA 0.07%in the e-commerce and online groceries space in China.Wood's firm has been piling up shares of 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 2020 overtroubleswith the Chinese government.See Also:Cathie Wood Can't Get Enough Of These 3 Chinese Alibaba RivalsThe investment firm bought 126,988 shares of Chinese e-commerce giant Pinduoduo on Monday, estimated to be worth about $16.9 million as of the day's close.Shares of Pinduoduo closed 0.37% lower at $133.43 on Monday.TheArk Fintech Innovation ETFARKF 1.34%made the trade on Monday. ARKF held a total of 573,550 PDD shares worth about $76.8 million and representing 1.85% weight of the ETF, ahead of Monday’s trade.The Shanghai-based company is known to be China's largest agriculture-based platform and had last year launched Duo Duo Grocery, a next-day grocery pickup service. Farmers list their fruits and vegetables for direct sale to consumers.The New York-based hedge fund also bought 143,481 shares, worth about $11.2 million, in JD.com. TheAutonomous Technology & Robotics ETF(BATS: ARKQ) and theSpace Exploration & Innovation ETF(BATS: ARKX) made the trades.JD.com shares closed 0.44% lower at $77.02 on Monday and were down 0.42% in after-hours trading.The Beijing-headquartered company runs one of the two massive B2C online retailers in China and is a major competitor to Alibaba-run Tmall.Ark also piled up on mobile games platform companySkillz IncSKLZ 5.59%— buying 720,962 shares worth about $11.9 million. Skillz shares closed 5.71% lower at $16.52.Wood has been buying the stock on dips and is bullish on the company despite a recent negative short seller report on its business model.See Also:Why Cathie Wood Is Bullish On Skillz?Other Ark Buys On Monday:StoneCo LtdSTNE 1.02%Recursion PharmaceuticalsRXRX 1.14%Repare Therapeutics IncRPTX 0.12%UiPath IncPATH 1.51%Zymergen IncZY 7.22%CM Life Sciences II IncCMIIU 2.51%Ionis Pharmaceuticals IncIONS 0.4%Iridium CommunicationsIRDM 1.34%Twitter IncTWTR 1.15%Beam Therapeutics IncBEAM 8.3%Vuzix CorpVUZI 6.81%Unity Software IncU 4.8%Galileo Acquisitions CorpGLEO 0.1%3D Systems CorpDDD 5.06%Tencent Holdings LtdTCEHY 0.59%Fastly IncFSLY 3.24%Roblox CorpRBLX 4.61%Other Ark Sells On Monday:Intercontinental Exchange IncICE 2.03%Thermo Fisher Scientific IncTMO 0.7%Roche Holding AgRHHBY 1.57%Regeneron Pharmaceuticals IncREGN 1.52%Pluristem TherapeuticsPSTIPure Storage IncPSTG 3.09%Novartis AgNYSENVPhreesiaPHR 2.15%PACCARPCAR 1.01%Baidu IncBIDU 2.56%Teledyne Technologies IncTDY 1.28%Trade Desk IncTTD 3.8%Roku IncROKU 2.23%Silvergate CapitalSI 3.15%Agora IncAPI 0.21%Adyen NVADYEY 0.69%","news_type":1},"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":106669807,"gmtCreate":1620112411409,"gmtModify":1634207712549,"author":{"id":"3579527932736466","authorId":"3579527932736466","name":"KaneWei","avatar":"https://static.tigerbbs.com/60ccccd45816137b03150843a26a136b","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579527932736466","authorIdStr":"3579527932736466"},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106669807","repostId":"1125263023","repostType":2,"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}