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flag Ark Invest buys Chinese tech stocks Alibaba, Baidu, and Pony AI, betting on growth despite profitability and geopolitical risks.

flag Cathie Wood’s Ark Invest bought shares in Alibaba, Baidu, and Pony AI, signaling renewed interest in Chinese growth stocks. flag Alibaba, despite modest revenue growth and missed profit targets, remains profitable through its dominant Taobao and Tmall platforms, which fuel cash flow and support buybacks, with a forward earnings multiple in the teens. flag Baidu, a key player in China’s AI sector, is similarly valued reasonably. flag Pony AI, though unprofitable, is seen as a promising early-stage innovator in autonomous driving. flag The moves reflect Ark Invest’s strategy of targeting high-growth opportunities in emerging markets, even amid risks tied to profitability and geopolitics.

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