Overview

• Ark funds disclosed new Alibaba ADR buys on Sept. 22 and Sept. 24, marking their first stake in roughly four years.
• Latest filings show ARKK bought 63,231 ADRs on Wednesday valued at about $11.2 million, following earlier purchases this week.
• Media tallies of Ark’s Alibaba buying vary, with reported totals ranging from about $16.3 million to roughly $28.6 million depending on methodology.
• Alibaba’s Hong Kong stock jumped 9.2% to HK$174 on Wednesday, its highest close since 2021, with ADRs near multi‑year highs.
• Ark also added Baidu shares while trimming U.S. AI positions, including sales of AMD and Tempus AI, as Alibaba rolled out its Qwen3‑Max model and emphasized AI growth.