TB Alternative Assets Ltd. Buys Alibaba Group Holding, Tencent Music Entertainment Group, Freeport-McMoRan Inc, Sells TAL Education Group, Bilibili Inc, Pinduoduo Inc

• New Purchases: TME, X, YELP, EDU, JD, GOOG, VALE, SNAP, EC, ARNC, CYH, SVMK,
• Added Positions: BABA, FCX, FB, YY, SINA, M,
• Reduced Positions: TAL, BILI, PDD, ZTO, WB, AAPL, Z, AMZN,
• Sold Out: DB, LB, TSLA, UBS, CMCM, AMD, EA,

For the details of TB Alternative Assets Ltd.'s stock buys and sells, go to https://www.gurufocus.com/guru/tb+alternative+assets+ltd./current-portfolio/portfolioportfolio

1. Alibaba Group Holding Ltd (BABA) - 901,400 shares, 40.81% of the total portfolio. Shares added by 936.09%
2. ZTO Express (Cayman) Inc (ZTO) - 1,947,422 shares, 9.95% of the total portfolio. Shares reduced by 27.91%
3. Bilibili Inc (BILI) - 1,667,182 shares, 7.25% of the total portfolio. Shares reduced by 57.96%
4. Weibo Corp (WB) - 469,716 shares, 5.47% of the total portfolio. Shares reduced by 17.16%
5. Tencent Music Entertainment Group (TME) - 1,324,200 shares, 5.30% of the total portfolio. New Position

TB Alternative Assets Ltd. initiated holding in Tencent Music Entertainment Group. The purchase prices were between $12.89 and $19.04, with an estimated average price of $15.8. The stock is now traded at around $15.99. The impact to a portfolio due to this purchase was 5.3%. The holding were 1,324,200 shares as of .

TB Alternative Assets Ltd. initiated holding in United States Steel Corp. The purchase prices were between $11.82 and $20.15, with an estimated average price of $15.4. The stock is now traded at around $14.61. The impact to a portfolio due to this purchase was 1.48%. The holding were 362,200 shares as of .

TB Alternative Assets Ltd. initiated holding in Yelp Inc. The purchase prices were between $30.36 and $40.98, with an estimated average price of $34.57. The stock is now traded at around $35.59. The impact to a portfolio due to this purchase was 1.33%. The holding were 145,106 shares as of .

TB Alternative Assets Ltd. initiated holding in New Oriental Education & Technology Group Inc. The purchase prices were between $81.17 and $96.58, with an estimated average price of $89.41. The stock is now traded at around $94.88. The impact to a portfolio due to this purchase was 0.73%. The holding were 28,200 shares as of .

TB Alternative Assets Ltd. initiated holding in JD.com Inc. The purchase prices were between $25.76 and $31.26, with an estimated average price of $28.75. The stock is now traded at around $31.03. The impact to a portfolio due to this purchase was 0.67%. The holding were 82,200 shares as of .

TB Alternative Assets Ltd. initiated holding in Alphabet Inc. The purchase prices were between $1036.23 and $1287.58, with an estimated average price of $1154.77. The stock is now traded at around $1150.34. The impact to a portfolio due to this purchase was 0.55%. The holding were 1,900 shares as of .

TB Alternative Assets Ltd. added to a holding in Alibaba Group Holding Ltd by 936.09%. The purchase prices were between $149.26 and $195.21, with an estimated average price of $172.54. The stock is now traded at around $173.50. The impact to a portfolio due to this purchase was 36.87%. The holding were 901,400 shares as of .

TB Alternative Assets Ltd. added to a holding in Freeport-McMoRan Inc by 849.71%. The purchase prices were between $9.71 and $14.2, with an estimated average price of $11.65. The stock is now traded at around $11.14. The impact to a portfolio due to this purchase was 2.28%. The holding were 823,400 shares as of .

TB Alternative Assets Ltd. added to a holding in Facebook Inc by 77.02%. The purchase prices were between $164.15 and $195.47, with an estimated average price of $182.62. The stock is now traded at around $203.91. The impact to a portfolio due to this purchase was 1.28%. The holding were 57,000 shares as of .

TB Alternative Assets Ltd. added to a holding in YY Inc by 28.70%. The purchase prices were between $63.93 and $88.5, with an estimated average price of $76.28. The stock is now traded at around $68.02. The impact to a portfolio due to this purchase was 0.4%. The holding were 96,400 shares as of .

TB Alternative Assets Ltd. added to a holding in SINA Corp by 39.43%. The purchase prices were between $39.57 and $66.48, with an estimated average price of $52.4. The stock is now traded at around $42.29. The impact to a portfolio due to this purchase was 0.3%. The holding were 93,000 shares as of .

TB Alternative Assets Ltd. sold out a holding in Deutsche Bank AG. The sale prices were between $6.73 and $8.93, with an estimated average price of $7.72.

TB Alternative Assets Ltd. sold out a holding in L Brands Inc. The sale prices were between $21.5 and $27.72, with an estimated average price of $24.48.

TB Alternative Assets Ltd. sold out a holding in Tesla Inc. The sale prices were between $178.97 and $291.81, with an estimated average price of $233.41.

TB Alternative Assets Ltd. sold out a holding in UBS Group AG. The sale prices were between $11.43 and $13.53, with an estimated average price of $12.27.

TB Alternative Assets Ltd. sold out a holding in Cheetah Mobile Inc. The sale prices were between $3.5 and $6.7, with an estimated average price of $5.24.

TB Alternative Assets Ltd. sold out a holding in Advanced Micro Devices Inc. The sale prices were between $26.24 and $33.23, with an estimated average price of $28.48.

TB Alternative Assets Ltd. reduced to a holding in TAL Education Group by 76.37%. The sale prices were between $33.56 and $39.05, with an estimated average price of $36.09. The stock is now traded at around $37.20. The impact to a portfolio due to this sale was -13.01%. TB Alternative Assets Ltd. still held 408,168 shares as of .

TB Alternative Assets Ltd. reduced to a holding in Bilibili Inc by 57.96%. The sale prices were between $13.48 and $18.8, with an estimated average price of $16.13. The stock is now traded at around $16.45. The impact to a portfolio due to this sale was -11.92%. TB Alternative Assets Ltd. still held 1,667,182 shares as of .

TB Alternative Assets Ltd. reduced to a holding in Pinduoduo Inc by 43.81%. The sale prices were between $19.03 and $24.67, with an estimated average price of $21.66. The stock is now traded at around $19.35. The impact to a portfolio due to this sale was -4.56%. TB Alternative Assets Ltd. still held 862,811 shares as of .

TB Alternative Assets Ltd. reduced to a holding in ZTO Express (Cayman) Inc by 27.91%. The sale prices were between $17.27 and $20, with an estimated average price of $18.81. The stock is now traded at around $19.86. The impact to a portfolio due to this sale was -3.77%. TB Alternative Assets Ltd. still held 1,947,422 shares as of .

TB Alternative Assets Ltd. reduced to a holding in Apple Inc by 91.67%. The sale prices were between $173.3 and $211.75, with an estimated average price of $194.79. The stock is now traded at around $205.21. The impact to a portfolio due to this sale was -1.49%. TB Alternative Assets Ltd. still held 2,600 shares as of .

TB Alternative Assets Ltd. reduced to a holding in Zillow Group Inc by 90.41%. The sale prices were between $32.33 and $47.14, with an estimated average price of $39.8. The stock is now traded at around $49.36. The impact to a portfolio due to this sale was -0.6%. TB Alternative Assets Ltd. still held 6,700 shares as of .