Ratings by Macquarie (Ellie Jiang)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 5/28/2026 | Pinduoduo Inc. | PDD | Downgrade | Neutral (Outperform) |
96.64 (75.74) |
-21.63% | Details | |
| 5/20/2026 | Kanzhun Ltd. | BZ | Maintain | Outperform (N/A) |
|
Details | ||
| 5/19/2026 | Bilibili | BILI | Maintain | Outperform (N/A) |
|
Details | ||
| 4/14/2026 | Baidu | BIDU | Maintain | Outperform (N/A) |
|
Details | ||
| 4/14/2026 | JD.com, Inc | JD | Upgrade | Outperform (Neutral) |
28.94 (25.48) |
-11.96% | Details | |
| 4/9/2026 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 3/25/2026 | Pinduoduo Inc. | PDD | Maintain | Outperform (N/A) |
|
Details | ||
| 3/18/2026 | GDS Holdings | GDS | Maintain | Outperform (N/A) |
|
Details | ||
| 3/17/2026 | Tencent Music Entertainment Group | TME | Maintain | Neutral (N/A) |
|
Details | ||
| 3/16/2026 | DiDi Global | DIDIY | Downgrade | Neutral (Outperform) |
4.19 (3.58) |
-14.56% | Details | |
| 3/5/2026 | JD.com, Inc | JD | Maintain | Neutral (N/A) |
|
Details | ||
| 3/5/2026 | Tencent Music Entertainment Group | TME | Downgrade | Neutral (Outperform) |
14.14 (8.18) |
-42.15% | Details | |
| 2/26/2026 | Baidu | BIDU | Maintain | Outperform (N/A) |
|
Details | ||
| 2/9/2026 | ZTO Express | ZTO | Upgrade | Outperform (Neutral) |
23.63 (21.96) |
-7.07% | Details | |
| 11/25/2025 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 11/13/2025 | JD.com, Inc | JD | Maintain | Neutral (N/A) |
|
Details | ||
| 11/12/2025 | Tencent Music Entertainment Group | TME | Maintain | Outperform (N/A) |
|
Details | ||
| 11/6/2025 | GDS Holdings | GDS | New Coverage | Outperform (N/A) |
33.02 (31.26) |
-5.33% | Details | |
| 10/14/2025 | Bilibili | BILI | New Coverage | Outperform (N/A) |
26.60 (16.51) |
-37.93% | Details | |
| 10/10/2025 | Baidu | BIDU | Upgrade | Outperform (Neutral) |
137.90 (107.82) |
-21.81% | Details | |
| 9/26/2025 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 8/25/2025 | Pinduoduo Inc. | PDD | Maintain | Outperform (N/A) |
|
Details | ||
| 8/14/2025 | NetEase.com | NTES | Maintain | Outperform (N/A) |
|
Details | ||
| 7/10/2025 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 6/17/2025 | Tencent Music Entertainment Group | TME | Maintain | Outperform (N/A) |
|
Details | ||
| 6/4/2025 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 5/27/2025 | Pinduoduo Inc. | PDD | Maintain | Outperform (N/A) |
|
Details | ||
| 5/13/2025 | Tencent Music Entertainment Group | TME | Maintain | Outperform (N/A) |
|
Details | ||
| 4/14/2025 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 2/18/2025 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 11/19/2024 | Trip.com Group Limited | TCOM | Maintain | Outperform (N/A) |
|
Details | ||
| 10/7/2024 | Pinduoduo Inc. | PDD | Upgrade | Outperform (Neutral) |
152.62 (96.64) |
-36.68% | Details | |
| 10/7/2024 | Alibaba | BABA | Upgrade | Outperform (Neutral) |
112.84 (99.80) |
-11.56% | Details | |
| 9/24/2024 | DiDi Global | DIDIY | New Coverage | Outperform (N/A) |
3.99 (4.19) |
5.01% | Details | |
| 8/26/2024 | Pinduoduo Inc. | PDD | Downgrade | Neutral (Outperform) |
139.87 (75.74) |
-45.85% | Details | |
| 6/26/2024 | ZTO Express | ZTO | Downgrade | Neutral (Outperform) |
21.55 (23.63) |
9.65% | Details | |
| 5/17/2024 | JD.com, Inc | JD | Upgrade | Outperform (Neutral) |
33.62 (28.94) |
-13.92% | Details | |
| 3/4/2024 | NetEase.com | NTES | Maintain | Outperform (N/A) |
|
Details | ||
| 2/8/2024 | Alibaba | BABA | Downgrade | Neutral (Outperform) |
78.23 (99.80) |
27.57% | Details | |
| 1/11/2024 | NetEase.com | NTES | New Coverage | Outperform (N/A) |
89.44 (117.64) |
31.53% | Details | |
| 1/11/2024 | Baidu | BIDU | New Coverage | Outperform (N/A) |
116.20 (137.90) |
18.67% | Details | |
| 1/10/2024 | Tencent Music Entertainment Group | TME | Upgrade | Outperform (Neutral) |
8.81 (14.14) |
60.5% | Details | |
| 10/13/2023 | JD.com, Inc | JD | Downgrade | Neutral (Outperform) |
30.34 (33.62) |
10.81% | Details | |
| 9/6/2023 | Trip.com Group Limited | TCOM | Maintain | Outperform (N/A) |
|
Details | ||
| 8/31/2023 | Pinduoduo Inc. | PDD | Maintain | Outperform (N/A) |
|
Details | ||
| 6/9/2023 | Trip.com Group Limited | TCOM | Maintain | Outperform (N/A) |
|
Details | ||
| 5/29/2023 | Pinduoduo Inc. | PDD | Maintain | Outperform (N/A) |
|
Details | ||
| 5/17/2023 | Tencent Music Entertainment Group | TME | Upgrade | Neutral (Underperform) |
7.96 (8.18) |
2.76% | Details | |
| 3/23/2023 | Tencent Music Entertainment Group | TME | Maintain | Underperform (N/A) |
|
Details | ||
| 1/12/2023 | Pinduoduo Inc. | PDD | Maintain | Outperform (N/A) |
|
Details | ||
| 11/29/2022 | Pinduoduo Inc. | PDD | Maintain | Outperform (N/A) |
|
Details | ||
| 11/22/2022 | ZTO Express | ZTO | Maintain | Outperform (N/A) |
|
Details | ||
| 10/11/2022 | JD.com, Inc | JD | Maintain | Outperform (N/A) |
|
Details | ||
| 5/30/2022 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 3/15/2022 | TripAdvisor | TRIP | Upgrade | Outperform (Neutral) |
23.73 (12.98) |
-45.3% | Details | |
| 2/28/2022 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 1/9/2022 | Alibaba | BABA | Maintain | Outperform (N/A) |
|
Details | ||
| 12/7/2021 | JD.com, Inc | JD | New Coverage | Outperform (N/A) |
75.19 (25.48) |
-66.11% | Details | |
| 12/7/2021 | Alibaba | BABA | New Coverage | Outperform (N/A) |
123.60 (99.80) |
-19.26% | Details | |
| 12/7/2021 | Pinduoduo Inc. | PDD | New Coverage | Outperform (N/A) |
56.01 (75.74) |
35.23% | Details | |
| 11/18/2021 | ZTO Express | ZTO | Upgrade | Outperform (Neutral) |
28.82 (21.96) |
-23.8% | Details | |
| 9/25/2021 | Trip.com Group Limited | TCOM | Maintain | Neutral (N/A) |
|
Details | ||
| 8/17/2021 | Tencent Music Entertainment Group | TME | Downgrade | Underperform (Neutral) |
8.92 (8.18) |
-8.3% | Details | |
| 7/16/2021 | ZTO Express | ZTO | Maintain | Neutral (N/A) |
|
Details | ||
| 6/14/2021 | ZTO Express | ZTO | New Coverage | Neutral (N/A) |
31.60 (21.96) |
-30.51% | Details | |
| 5/19/2021 | Tencent Music Entertainment Group | TME | Maintain | Neutral (Neutral) |
|
Details |
