Prudence Asset Management Ltd Buys Alibaba Group Holding, Momo, Baozun, Sells Trina Solar, 21Vianet Group, 58.com

• New Purchases: MOMO, BZUN, GNC, NTES, TAL,
• Added Positions: BABA, EDU, CTRP,
• Reduced Positions: TSL, VNET, HCM, LITB,
• Sold Out: WUBA, BIDU,

For the details of Prudence Asset Management Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Prudence+Asset+Management+Ltd

1. Alibaba Group Holding Ltd (BABA) - 104,000 shares, 23.25% of the total portfolio. Shares added by 550.00%
2. 21Vianet Group Inc (VNET) - 1,144,542 shares, 20.42% of the total portfolio. Shares reduced by 22.75%
3. Ctrip.com International Ltd (CTRP) - 137,000 shares, 13.95% of the total portfolio. Shares added by 14.17%
4. Barclays Bank PLC (BCBAY) - 5,000,000 shares, 11.93% of the total portfolio.
5. Momo Inc (MOMO) - 160,000 shares, 7.49% of the total portfolio. New Position

Prudence Asset Management Ltd initiated holdings in Momo Inc. The purchase prices were between $17.16 and $26.72, with an estimated average price of $22.07. The stock is now traded at around $24.61. The impact to the portfolio due to this purchase was 7.49%. The holdings were 160,000 shares as of 2016-12-31.

Prudence Asset Management Ltd initiated holdings in Baozun Inc. The purchase prices were between $11.17 and $18.5, with an estimated average price of $14.4. The stock is now traded at around $15.01. The impact to the portfolio due to this purchase was 4.12%. The holdings were 134,039 shares as of 2016-12-31.

Prudence Asset Management Ltd initiated holdings in GNC Holdings Inc. The purchase prices were between $10.84 and $21.68, with an estimated average price of $15.65. The stock is now traded at around $8.52. The impact to the portfolio due to this purchase was 4.1%. The holdings were 146,000 shares as of 2016-12-31.

Prudence Asset Management Ltd initiated holdings in NetEase Inc. The purchase prices were between $213.05 and $269.6, with an estimated average price of $238.65. The stock is now traded at around $257.42. The impact to the portfolio due to this purchase was 1.64%. The holdings were 3,000 shares as of 2016-12-31.

Prudence Asset Management Ltd initiated holdings in TAL Education Group. The purchase prices were between $66.76 and $82, with an estimated average price of $73.33. The stock is now traded at around $87.10. The impact to the portfolio due to this purchase was 1.07%. The holdings were 6,000 shares as of 2016-12-31.

Prudence Asset Management Ltd added to the holdings in Alibaba Group Holding Ltd by 550.00%. The purchase prices were between $86.79 and $108.41, with an estimated average price of $96.28. The stock is now traded at around $102.36. The impact to the portfolio due to this purchase was 19.67%. The holdings were 104,000 shares as of 2016-12-31.

Prudence Asset Management Ltd added to the holdings in New Oriental Education & Technology Group Inc by 256.98%. The purchase prices were between $41.51 and $53.06, with an estimated average price of $47.1. The stock is now traded at around $50.80. The impact to the portfolio due to this purchase was 2.76%. The holdings were 35,698 shares as of 2016-12-31.

Prudence Asset Management Ltd sold out the holdings in 58.com Inc. The sale prices were between $27.94 and $48.42, with an estimated average price of $37.14.

Prudence Asset Management Ltd sold out the holdings in Baidu Inc. The sale prices were between $161.67 and $184.11, with an estimated average price of $170.19.