cathie woodled ark investment management offloaded shares of chinese ecommerce giant jdcom inc jd at an estimated valuation of over 390000 based on mondays closing price what happened the sale was done via the ark fintech innovation etf arkf that has jdcom as the 25th largest holding with a weight of 074 according to latest data available on the companys website also read how to invest in startups shares of jdcom have lost over 27 since the beginning of 2023 however last week the stock registered gains after the company announced it intends to spinoff jd property and jd industrial by way of a separate listing on hong kong stock exchange the move followed its rival alibaba group holding ltds baba decision to split into six independent businesses each of which could pursue funding and separate listings thats not all in early march the company had run a multibillion yuan price war amid rising competition with peers that include alibaba group holding ltd and pdd holdings inc pdd according to the south china morning post the company described the 10 billion yuan subsidy campaign as “its largest sales promotion event in history” arks funds however have been offloading shares of the ecommerce company since september 2021 and have not made any purchases of the stock since then according to cathiesarkcom benzinga could not independently verify the same major buy ark loaded up over 26 million shares of butterfly network inc bfly at an estimated valuation of over 59 million based on mondays closing price the purchase was done via the ark genomic revolution etf arkg it is noteworthy that shares of butterfly network closed over 21 higher on monday after the company announced it received 510k clearance for an aienabled auto bline counter read next tesla c3ai johnson  johnson cardlytics bullfrog ai holdings why these 5 stocks are drawing investors’ attention today