Cathie Wood Bought Alibaba Stock Days Before Its Surge. ARK Is Betting on China Tech Again.

1. Ark Invest bought $16.3 million in Alibaba's ADRs, signaling renewed interest. 2. Alibaba’s ADRs rose over 8% after announcing increased AI investments. 3. The company launched its largest language model, Qwen3-Max, and partnered with Nvidia. 4. Cathie Wood's ARK funds return to Alibaba after selling holdings in 2021. 5. Alibaba's stock is up over 100% this year, outpacing its peers.