Cathie Wood has favourable outlook on China

Data overnight showed that Ark’s Autonomous Technology & Robotics ETF bought ADRs of JD.com on Monday after the firm sold Chinese stocks for months amid Beijing’s clampdown on private companies.

BEIJING: Cathie Wood said she’s more optimistic than pessimistic about China in the long run.

“I’m not pessimistic about China longer run because I think they’re a very entrepreneurial society,” the head of Ark Investment Management said in an interview on Bloomberg Radio on Tuesday.