cathie woodled ark investment management offloaded 446845 shares of beijingheadquartered niu technologies niu at an estimated valuation of over 2 million on wednesday the sale was done via the ark autonomous tech  robotics etf arkq niu a chinese electric scooter company has seen its stock price decline by over 24 since the first week of january this year the fall started after the company announced sales volume results for the fourth quarter of 2022 also read how to buy chinese stocks niu sold 138279 units in the quarter including emotorcycles emopeds ebicycles and kickscooters which represented a 419 yearoveryear decline the number of units sold in china market and international markets stood at 118065 and 20214 a 425 and a 387 decrease respectively niu said that it experienced even more challenges from covidrelated policy changes during the quarter “beginning in early october strict control measures led to a sharp retail traffic decline in our major markets including guangzhou beijing and other toptier cities entering into december omicron outbreaks across the country severely disrupted manufacturing logistics and offline store operations” it said niu is currently the 32nd largest holding of ark autonomous tech  robotics etf with a weight of 064 according to the latest data available on ark’s website at the time of writing tesla buy ark continued to load up on tesla shares buying 49983 shares of the evmaker at an estimated valuation of over 64 million based on wednesday’s closing price shares of tesla closed 206 lower on wednesday and lost another 134 in extended trading read next fed beige book warns of little growth in the month ahead sends markets lower