$Alibaba(BABA)$ 's 26th anniversary should have been a time for fanfare and celebration, but this time, the setup they put together was quite interesting. It wasn't about cloud computing or Taobao Flash Sales. Instead, the long-absent "Koubei" was brought back to the stage once again, only this time, the spotlight shifted to AutoNavi.That's right, you heard correctly. Alibaba has tasked AutoNavi with taking over in-store business operations and launched the so-called "AutoNavi Street Sweeping Ranking." Don't underestimate this move—it's a crucial step in Alibaba's strategy to reshuffle the local services landscape.Many might wonder: Isn't AutoNavi just a map app? How does it connect to "in-store" services? That's precisely the genius of it. Maps o
ARK Back in China! Can Fresh Confidence Signal a New Cycle?
ARK’s first investment in Alibaba dates back to 2014, shortly after the company’s IPO. However, since September 2021, public filings have shown no record of ARK holding or voting in Alibaba — coinciding with China’s regulatory crackdown on the internet sector. This latest repurchase of Alibaba shares is therefore seen as a strong signal of ARK’s return to the Chinese tech sector. Recently, ARK has been gradually rebuilding its positions in Chinese tech names, having already repurchased Baidu earlier.
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