Ark Investment Management LLC’s founder Cathie Wood said the money manager is holding off on adding bets in Chinese markets amid concerns about Beijing’s crackdown on some of the country’s high-profile tycoons.
China remains a “very innovative nation” but there are concerns that the recent regulatory assault on private enterprise has led to an erosion of incentives for dynamic entrepreneurs, Wood said at a webinar organized by Bloomberg Intelligence on Wednesday.
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November 24, 2021 at 12:35PM
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Ark's Wood Is Waiting for Valuation 'Dust to Settle' in China - Bloomberg
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