Ratings by Nomura/Instinet (Jialong Shi)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 5/27/2026 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 3/26/2026 | Pinduoduo Inc. | PDD | Upgrade | Buy (Neutral) |
102.61 (76.34) |
-25.6% | Details | |
| 2/27/2026 | Vipshop Holdings | VIPS | Upgrade | Buy (Neutral) |
18.12 (13.42) |
-25.94% | Details | |
| 12/31/2025 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 11/19/2025 | Baidu | BIDU | Upgrade | Buy (Neutral) |
117.14 (107.86) |
-7.92% | Details | |
| 3/21/2025 | Pinduoduo Inc. | PDD | Downgrade | Neutral (Buy) |
125.92 (102.61) |
-18.51% | Details | |
| 2/19/2025 | Baidu | BIDU | Downgrade | Neutral (Buy) |
90.16 (117.14) |
29.92% | Details | |
| 11/13/2024 | Baidu | BIDU | Maintain | Buy (N/A) |
|
Details | ||
| 8/22/2024 | Bilibili | BILI | Upgrade | Buy (Neutral) |
14.02 (16.59) |
18.33% | Details | |
| 6/28/2024 | Vipshop Holdings | VIPS | Downgrade | Neutral (Buy) |
13.79 (18.12) |
31.4% | Details | |
| 4/9/2024 | Baidu | BIDU | Maintain | Buy (N/A) |
|
Details | ||
| 2/24/2024 | Trip.com Group Limited | TCOM | Maintain | Neutral (N/A) |
|
Details | ||
| 1/1/2024 | Vipshop Holdings | VIPS | Maintain | Buy (N/A) |
|
Details | ||
| 11/29/2023 | Bilibili | BILI | Downgrade | Neutral (Buy) |
13.34 (16.59) |
24.36% | Details | |
| 11/22/2023 | Baidu | BIDU | Upgrade | Buy (Neutral) |
113.42 (107.86) |
-4.9% | Details | |
| 11/21/2023 | Trip.com Group Limited | TCOM | Downgrade | Neutral (Buy) |
36.67 (46.33) |
26.34% | Details | |
| 9/6/2023 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 8/20/2023 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 2/24/2023 | Vipshop Holdings | VIPS | Upgrade | Buy (Neutral) |
13.62 (13.79) |
1.25% | Details | |
| 1/10/2023 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 1/10/2023 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 11/25/2022 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 9/5/2022 | Weibo Corp | WB | Maintain | Neutral (N/A) |
|
Details | ||
| 9/5/2022 | Momo Inc. | MOMO | Maintain | Neutral (N/A) |
|
Details | ||
| 8/22/2022 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 7/4/2022 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 4/12/2022 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 3/22/2022 | Pinduoduo Inc. | PDD | Downgrade | Neutral (Buy) |
42.60 (76.34) |
79.2% | Details | |
| 1/21/2022 | Bilibili | BILI | Maintain | Buy (N/A) |
|
Details | ||
| 1/9/2022 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 9/28/2021 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 8/26/2021 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 7/22/2021 | Bilibili | BILI | Maintain | Buy (N/A) |
|
Details | ||
| 5/31/2021 | YY Inc, | YY | Maintain | Buy (Buy) |
|
Details | ||
| 5/27/2021 | Pinduoduo Inc. | PDD | Maintain | Buy (Buy) |
|
Details | ||
| 5/20/2021 | Vipshop Holdings | VIPS | Maintain | Neutral (Neutral) |
|
Details | ||
| 5/19/2021 | Baidu | BIDU | Maintain | Neutral (Neutral) |
|
Details | ||
| 5/19/2021 | Trip.com Group Limited | TCOM | Maintain | Buy (Buy) |
|
Details | ||
| 5/10/2021 | Bilibili | BILI | Maintain | Buy (Buy) |
|
Details | ||
| 4/13/2021 | JD.com, Inc | JD | Maintain | Buy (Buy) |
|
Details | ||
| 4/8/2021 | Alibaba | BABA | Maintain | Buy (Buy) |
|
Details | ||
| 3/18/2021 | Pinduoduo Inc. | PDD | Maintain | Buy (Buy) |
|
Details | ||
| 3/4/2021 | Trip.com Group Limited | TCOM | Maintain | Buy (Buy) |
|
Details | ||
| 2/26/2021 | Vipshop Holdings | VIPS | Maintain | Neutral (Neutral) |
|
Details | ||
| 2/25/2021 | Bilibili | BILI | Upgrade | Buy (Neutral) |
127.14 (16.59) |
-86.95% | Details | |
| 11/16/2020 | Pinduoduo Inc. | PDD | Upgrade | Buy (Neutral) |
151.29 (76.34) |
-49.54% | Details | |
| 8/27/2020 | Bilibili | BILI | Upgrade | Buy (Neutral) |
48.72 (16.59) |
-65.95% | Details | |
| 5/26/2020 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 5/21/2020 | NetEase.com | NTES | Maintain | Buy (N/A) |
|
Details | ||
| 5/20/2020 | Bilibili | BILI | Maintain | Buy (N/A) |
|
Details | ||
| 5/20/2020 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 5/18/2020 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 3/6/2020 | Vipshop Holdings | VIPS | Upgrade | Buy (Neutral) |
13.12 (13.42) |
2.29% | Details | |
| 1/10/2020 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 11/26/2019 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 11/20/2019 | Bilibili | BILI | Maintain | Buy (N/A) |
|
Details | ||
| 11/13/2019 | YY Inc, | YY | Maintain | Buy (N/A) |
|
Details | ||
| 11/4/2019 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 10/15/2019 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 10/9/2019 | Pinduoduo Inc. | PDD | New Coverage | Neutral (N/A) |
31.67 (76.34) |
141.05% | Details | |
| 10/9/2019 | Bilibili | BILI | New Coverage | Buy (N/A) |
13.64 (16.59) |
21.63% | Details | |
| 9/11/2019 | Ctrip.com | CTRP | Maintain | Neutral (N/A) |
|
Details | ||
| 9/10/2019 | Ctrip.com | CTRP | Maintain | Neutral (N/A) |
|
Details | ||
| 9/9/2019 | NetEase.com | NTES | Maintain | Buy (N/A) |
|
Details | ||
| 8/21/2019 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 8/21/2019 | Weibo Corp | WB | Maintain | Neutral (N/A) |
|
Details | ||
| 8/19/2019 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 8/15/2019 | YY Inc, | YY | Maintain | Buy (N/A) |
|
Details | ||
| 8/15/2019 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 8/9/2019 | NetEase.com | NTES | Maintain | Buy (N/A) |
|
Details | ||
| 7/15/2019 | YY Inc, | YY | Maintain | Buy (N/A) |
|
Details | ||
| 7/5/2019 | Baidu | BIDU | Maintain | Neutral (Neutral) |
|
Details | ||
| 5/29/2019 | YY Inc, | YY | Upgrade | Buy (Neutral) |
63.93 (41.55) |
-35.01% | Details | |
| 5/29/2019 | Momo Inc. | MOMO | Maintain | Buy (N/A) |
|
Details | ||
| 5/24/2019 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 5/24/2019 | Ctrip.com | CTRP | Maintain | Neutral (N/A) |
|
Details | ||
| 5/20/2019 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 5/16/2019 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 5/15/2019 | JD.com, Inc | JD | Upgrade | Buy (Neutral) |
29.67 (25.71) |
-13.35% | Details | |
| 3/13/2019 | Momo Inc. | MOMO | Maintain | Buy (N/A) |
|
Details | ||
| 3/12/2019 | Momo Inc. | MOMO | Maintain | Buy (N/A) |
|
Details | ||
| 3/7/2019 | Weibo Corp | WB | Maintain | Neutral (N/A) |
|
Details | ||
| 3/7/2019 | Ctrip.com | CTRP | Maintain | Neutral (N/A) |
|
Details | ||
| 3/5/2019 | YY Inc, | YY | Maintain | Neutral (N/A) |
|
Details | ||
| 3/1/2019 | JD.com, Inc | JD | Maintain | Neutral (N/A) |
|
Details | ||
| 2/22/2019 | NetEase.com | NTES | Maintain | Buy (N/A) |
|
Details | ||
| 2/22/2019 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 1/31/2019 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 1/29/2019 | YY Inc, | YY | Downgrade | Neutral (Buy) |
69.87 (63.93) |
-8.5% | Details | |
| 1/22/2019 | Weibo Corp | WB | Downgrade | Neutral (Buy) |
58.23 (7.32) |
-87.43% | Details | |
| 1/21/2019 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 11/20/2018 | JD.com, Inc | JD | Downgrade | Neutral (Buy) |
21.11 (29.67) |
40.55% | Details | |
| 11/13/2018 | YY Inc, | YY | Maintain | Buy (Buy) |
|
Details | ||
| 11/9/2018 | Ctrip.com | CTRP | Downgrade | Neutral (Buy) |
27.89 (34.93) |
25.24% | Details | |
| 11/6/2018 | YY Inc, | YY | Maintain | Buy (Buy) |
|
Details | ||
| 11/6/2018 | Weibo Corp | WB | Maintain | Buy (Buy) |
|
Details | ||
| 11/5/2018 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 11/1/2018 | Baidu | BIDU | Maintain | Neutral (N/A) |
|
Details | ||
| 10/29/2018 | NetEase.com | NTES | Maintain | Buy (N/A) |
|
Details | ||
| 10/29/2018 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 9/12/2018 | Ctrip.com | CTRP | Maintain | Buy (N/A) |
|
Details | ||
| 8/23/2018 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 8/23/2018 | Momo Inc. | MOMO | Maintain | Buy (N/A) |
|
Details | ||
| 8/17/2018 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details |

