Investing
Cathie Wood Keeps Dumping Chinese Stocks as Beijing Cracks Down
The superstar fund manager used to have big stakes in China. As regulators tighten rules for various industries, she’s getting out.
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Cathie Wood is exiting Chinese stocks as Beijing’s crackdown on private businesses sends markets tumbling.
The head of Ark Investment Management got rid of shares in tech behemoth Tencent Holdings Ltd. and property site KE Holdings Inc. every day last week, according to data on the firm’s trading activity.