China’s recent crackdown on DiDi Global Inc - ADR (NYSE: DIDI) and other U.S.-listed Chinese tech stocks has sent Chinese ADRs tumbling and has investors puzzled about what to expect next.
Alibaba Group Holding Ltd - ADR (NYSE: BABA) and Pinduoduo Inc - ADR (NASDAQ: PDD) shares are trading lower by 2% and 4% amid renewed COVID-19 concerns in the Asia-Pacific region, including concerns over the Delta var
Cathie Wood-led Ark Investment Management on Monday snapped up 35,022 shares, estimated to be worth about $7.39 million, in Alibaba Group Holding (NYSE: BABA).
Shares of Alibaba closed 0.46% lower at $211.06 on Monday.