All-Stars Investment Ltd Buys ZTO Express (Cayman) Inc, Baidu Inc, Qudian Inc, Sells YY Inc

• New Purchases: ZTO, BABA, LX, PPDF,
• Added Positions: BIDU, QD,
• Reduced Positions: YY,

For the details of All-Stars Investment Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=All-Stars+Investment+Ltd

1. YY Inc (YY) - 320,000 shares, 34.43% of the total portfolio. Shares reduced by 43.86%
2. Baidu Inc (BIDU) - 70,777 shares, 19.82% of the total portfolio. Shares added by 140.93%
3. ZTO Express (Cayman) Inc (ZTO) - 773,027 shares, 14.24% of the total portfolio. New Position
4. Cheetah Mobile Inc (CMCM) - 880,000 shares, 13.17% of the total portfolio.
5. Qudian Inc (QD) - 1,015,000 shares, 11.22% of the total portfolio. Shares added by 217.19%

All-Stars Investment Ltd initiated holding in ZTO Express (Cayman) Inc. The purchase prices were between $14.64 and $17.39, with an estimated average price of $15.69. The stock is now traded at around $16.95. The impact to a portfolio due to this purchase was 14.24%. The holding were 773,027 shares as of 2018-03-31.

All-Stars Investment Ltd initiated holding in Alibaba Group Holding Ltd. The purchase prices were between $173.7 and $205.22, with an estimated average price of $188.29. The stock is now traded at around $194.36. The impact to a portfolio due to this purchase was 3.47%. The holding were 17,400 shares as of 2018-03-31.

All-Stars Investment Ltd initiated holding in LexinFintech Holdings Ltd. The purchase prices were between $13.61 and $19.09, with an estimated average price of $15.32. The stock is now traded at around $16.77. The impact to a portfolio due to this purchase was 2.95%. The holding were 161,740 shares as of 2018-03-31.

All-Stars Investment Ltd initiated holding in PPDAI Group Inc. The purchase prices were between $6.68 and $8.46, with an estimated average price of $7.41. The stock is now traded at around $6.73. The impact to a portfolio due to this purchase was 0.7%. The holding were 91,878 shares as of 2018-03-31.

All-Stars Investment Ltd added to a holding in Baidu Inc by 140.93%. The purchase prices were between $212.07 and $265.67, with an estimated average price of $246.43. The stock is now traded at around $269.91. The impact to a portfolio due to this purchase was 11.59%. The holding were 70,777 shares as of 2018-03-31.

All-Stars Investment Ltd added to a holding in Qudian Inc by 217.19%. The purchase prices were between $11.5 and $16.86, with an estimated average price of $13.59. The stock is now traded at around $10.81. The impact to a portfolio due to this purchase was 7.68%. The holding were 1,015,000 shares as of 2018-03-31.

All-Stars Investment Ltd reduced to a holding in YY Inc by 43.86%. The sale prices were between $101.27 and $140.39, with an estimated average price of $125.98. The stock is now traded at around $102.56. The impact to a portfolio due to this sale was -5.15%. All-Stars Investment Ltd still held 320,000 shares as of 2018-03-31.