---
title: "Cathie Wood Goes Big On Chinese Tech: Ark Invest Places $26 Million Bet On Alibaba And Baidu, Dumps Palantir Stock"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/261344451.md"
description: "Cathie Wood's Ark Invest has made significant trades, investing $26 million in Chinese tech giants Alibaba and Baidu while reducing its stake in Palantir and Archer Aviation. Ark acquired 75,541 shares of Alibaba for $12.5 million and 111,281 shares of Baidu for $13.5 million, capitalizing on their growth in AI and cloud services. Conversely, Ark sold 16,560 shares of Palantir, valued at $2.97 million, and trimmed its position in Archer by selling 302,280 shares for $3.9 million. Other notable trades included selling shares of Roblox, Shopify, Teradyne, and Kratos."
datetime: "2025-10-16T01:04:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261344451.md)
  - [en](https://longbridge.com/en/news/261344451.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261344451.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/261344451.md) | [繁體中文](https://longbridge.com/zh-HK/news/261344451.md)


# Cathie Wood Goes Big On Chinese Tech: Ark Invest Places $26 Million Bet On Alibaba And Baidu, Dumps Palantir Stock

On Wednesday, **Cathie Wood**\-led **Ark Invest** made significant trades, notably increasing its stake in **Alibaba Group Holding Ltd** (NYSE:BABA) and **Baidu Inc** (NASDAQ:BIDU), while reducing its holdings in **Palantir Technologies Inc** (NASDAQ:PLTR) and **Archer Aviation Inc** (NYSE:ACHR).

## **The Alibaba Trade**

Ark Invest made a substantial purchase of **Alibaba** shares on Wednesday. The **Ark Fintech Innovation ETF** (BATS:ARKF) and **ARK Innovation ETF** (BATS:ARKK) collectively acquired 75,541 shares, valued at approximately $12.5 million, based on Alibaba’s closing price of $165.91.

This investment comes as Alibaba continues to expand its global reach, recently opening a second data center in Dubai to enhance AI adoption. Analysts have noted Alibaba’s robust performance in its cloud business and AI advancements, which have helped counterbalance concerns over U.S.-China tensions.

## **The Baidu Trade**

Ark Invest also increased its holdings in **Baidu** on the same day, purchasing a total of 111,281 shares through the **ARKK**, **ARK Autonomous Technology & Robotics ETF  
**(BATS:ARKQ), and **ARK Next Generation Internet ETF** (BATS:ARKW). This acquisition is valued at approximately $13.5 million, based on Baidu’s closing price of $121.58.

Baidu’s Apollo Go robotaxi service is expanding into new markets, including Australia and Dubai, as it seeks to compete with industry giants like Waymo and Tesla. The company has achieved operational profitability in several Chinese cities, positioning it well for future growth.

## **The Palantir Trade**

Ark Invest reduced its stake in **Palantir**, selling 16,560 shares through the **ARKW** ETF. This sale is valued at approximately $2.97 million, based on Palantir’s closing price of $179.62.

Despite Palantir’s impressive 93% year-over-year growth in its U.S. commercial business and its first-ever quarter surpassing $1 billion in revenue, concerns over its valuation persist.

## **The Archer Aviation Trade**

Ark Invest also trimmed its position in **Archer Aviation**, selling 302,280 shares through the **ARKK** ETF, valued at approximately $3.9 million based on the closing price of $13.03.

Archer recently acquired a portfolio of patents from Lilium Aerospace, aiming to enhance its capabilities in advanced air mobility. Despite this strategic acquisition, market sentiment remains cautious, as noted by **Jim Cramer**, who described the current environment as a “speculative tsunami.”

## **Other Key Trades:**

-   **Roblox Corp (Pre-Reincorporation)** (RBLX): Sold 61,880 shares across **ARKF**, **ARKK**, and **ARKW**.
-   **Shopify Inc** (SHOP): Sold 6,240 shares through **ARKF**.
-   **Teradyne Inc** (TER): Sold 30,514 shares through **ARKK**.
-   **Kratos Defense and Security Solutions Inc** (KTOS): Sold 28,145 shares through **ARKQ**.

**Benzinga's Edge Stock Rankings** indicate Alibaba stock has a Quality in the 39th percentile. Here is how it compares to other Cathie Wood holdings, such as AMD.

-   **Billionaire Gautam Adani Calls It A ‘Monumental Day’ As Google Partners With AdaniConneX And Airtel To Set Up $15 Billion AI Hub In India**

_Photo Courtesy: PJ McDonnell on Shutterstock.com_

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

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