AsianFin --Cathie Wood, founder of ARK Invest, has bought back into Alibaba for the first time in four years, according to daily trading disclosures.

On Monday, as Alibaba’s stock continued to hit new highs not seen since late 2021, ARK purchased about $16.3 million worth of shares across two of its ETFs.

Wood first invested in Alibaba shortly after its 2014 IPO and maintained a position until September 2021, SEC filings show.

The latest move was not isolated. ARK also increased its holdings in Baidu to $47 million the same day, signaling a renewed bet on Chinese technology companies.

ARK’s other China-related positions — in BYD, Pony AI and JD Logistics — remain comparatively small.