TCEHY - Cathie Wood dumps nearly all Chinese tech stocks amid regulatory crackdowns

Nastassia Samal/iStock via Getty Images Ark Invest CEO Cathie Wood has sold off nearly all of the exposure to China in her flagship fund and other actively managed ETFs amid Beijing's growing regulatory crackdown on foreign-listed Chinese stocks. With Beijing clamping down on the Asian nation's companies that trade in foreign exchanges, Wood has become a clear seller of U.S.-listed Chinese stock. For example, Wood's ARK Innovation ETF (ARKK) has dumped all of its positions in China-based JD.Com (JD), Tencent Holdings (TCEHY) and KE Holdings Inc (BEKE), according to the firms daily trade information of the ETF's holdings. Wood had been shedding her China positions over the past two weeks, as she recently revealed in ARK's monthly webinar for investors. "From a valuation point of view, these stocks have come down and again from a valuation point of view, probably will remain down," the fund manager said at the time. Still, Beijing's

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Cathie Wood dumps nearly all Chinese tech stocks amid regulatory crackdowns