The growth investor kicked off this week buying up some promising Chinese growth stocks.
The rallying market has iconic growth investor Cathie Wood in a buying mood. The Ark Invest founder, CEO, and ace stock picker was making moves on the first trading day of the week. She bought only five different stocks on Monday, but one thing that three of them had in common is that they're Chinese companies.
Wood added to her existing positions in Alibaba ( BABA -0.70% ) , Pony AI ( PONY 3.79% ) , and Baidu ( BIDU -8.19% ) on Monday. All three companies are trying to carve out a role in the world's second largest economy. Let's take a closer look at the Wood's three fresh purchases that are hoping to score big in China.
1. Alibaba
China's e-commerce pioneer is rolling in