China Universal Asset Management Co. Ltd. grew its holdings in Alibaba Group Holding Limited ( NYSE:BABA – Free Report ) by 571.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,178 shares of the specialty retailer's stock after purchasing an additional 5,258 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Alibaba Group were worth $631,000 as of its most recent SEC filing.

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