Cathie Wood's Ark Investment Management conducted transactions involving Chinese concept stocks including Alibaba, Baidu, and Pony.ai on Monday.

The company's ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW) collectively purchased 99,090 shares of Alibaba stock. Based on Alibaba's closing price of $164.25, the total value of these transactions was approximately $16.3 million.

Alibaba recently launched a high-performance processor designed to challenge Nvidia's dominance in China. This move is part of Alibaba's broader strategy to enhance its hardware and artificial intelligence capabilities. Alibaba's stock price has surged more than 30% over the past 30 days, with a year-to-date return of 93.3%.

Wood also purchased 21,245 shares of Baidu through the ARK Autonomous Technology & Robotics ETF (ARKQ), valued at approximately $2.9 million based on the closing price of $136.63.

The fund also acquired 103,002 shares of Pony.ai, worth approximately $2.1 million at the closing price of $20.56.