Ratings by Goldman Sachs (Ronald Keung)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 5/28/2026 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 5/14/2026 | Alibaba | BABA | Maintain | Conviction Buy (N/A) |
|
Details | ||
| 3/19/2026 | ZTO Express | ZTO | Maintain | Buy (N/A) |
|
Details | ||
| 3/2/2026 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 3/2/2026 | Alibaba | BABA | Upgrade | Buy (N/A) |
144.11 (98.85) |
-31.41% | Details | |
| 9/1/2025 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 8/26/2025 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 3/6/2025 | Full Truck Alliance Co. Ltd. | YMM | Maintain | Buy (N/A) |
|
Details | ||
| 2/20/2025 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 1/21/2025 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 10/7/2024 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 9/30/2024 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 9/30/2024 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 8/27/2024 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 8/14/2024 | Tencent Music Entertainment Group | TME | Maintain | Buy (N/A) |
|
Details | ||
| 5/28/2024 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 5/28/2024 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 5/28/2024 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 5/28/2024 | Full Truck Alliance Co. Ltd. | YMM | Maintain | Buy (N/A) |
|
Details | ||
| 5/24/2024 | Pinduoduo Inc. | PDD | Upgrade | Buy (Neutral) |
153.63 (80.68) |
-47.48% | Details | |
| 5/22/2024 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 5/22/2024 | Full Truck Alliance Co. Ltd. | YMM | Maintain | Buy (N/A) |
|
Details | ||
| 5/14/2024 | Tencent Music Entertainment Group | TME | Maintain | Buy (N/A) |
|
Details | ||
| 4/25/2024 | JD.com, Inc | JD | New Coverage | Buy (N/A) |
28.27 (26.21) |
-7.29% | Details | |
| 4/25/2024 | Dada Nexus Ltd. | DADA | New Coverage | Neutral (N/A) |
2.00 (1.96) |
-2% | Details | |
| 3/20/2024 | Tencent Music Entertainment Group | TME | Upgrade | Buy (Neutral) |
11.04 (8.47) |
-23.28% | Details | |
| 3/13/2024 | ZTO Express | ZTO | Maintain | Buy (N/A) |
|
Details | ||
| 3/11/2024 | Pinduoduo Inc. | PDD | Downgrade | Neutral (Buy) |
110.34 (80.68) |
-26.88% | Details | |
| 2/8/2024 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 1/18/2024 | Tencent Music Entertainment Group | TME | Maintain | Neutral (N/A) |
|
Details | ||
| 1/16/2024 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 1/16/2024 | Dada Nexus Ltd. | DADA | Maintain | Buy (N/A) |
|
Details | ||
| 12/4/2023 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 11/24/2023 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 11/15/2023 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 11/7/2023 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 10/25/2023 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 10/25/2023 | Dada Nexus Ltd. | DADA | Maintain | Buy (N/A) |
|
Details | ||
| 10/9/2023 | Alibaba | BABA | Maintain | Conviction Buy (N/A) |
|
Details | ||
| 8/30/2023 | Pinduoduo Inc. | PDD | Upgrade | Buy (Neutral) |
93.22 (80.68) |
-13.45% | Details | |
| 8/21/2023 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 8/17/2023 | Dada Nexus Ltd. | DADA | Maintain | Buy (N/A) |
|
Details | ||
| 6/21/2023 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 6/21/2023 | Alibaba | BABA | Maintain | Conviction Buy (N/A) |
|
Details | ||
| 6/9/2023 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 5/29/2023 | Pinduoduo Inc. | PDD | Maintain | Neutral (N/A) |
|
Details | ||
| 5/4/2023 | Dada Nexus Ltd. | DADA | Maintain | Buy (N/A) |
|
Details | ||
| 4/25/2023 | ZTO Express | ZTO | Upgrade | Buy (Neutral) |
28.19 (23.01) |
-18.38% | Details | |
| 4/25/2023 | Pinduoduo Inc. | PDD | Downgrade | Neutral (Buy) |
69.23 (80.68) |
16.54% | Details | |
| 4/19/2023 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 4/12/2023 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 3/8/2023 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 3/8/2023 | Smart Share Global Limited | EM | Maintain | Neutral (N/A) |
|
Details | ||
| 2/23/2023 | Alibaba | BABA | Maintain | Conviction Buy (N/A) |
|
Details | ||
| 1/9/2023 | Tencent Music Entertainment Group | TME | Upgrade | Neutral (Sell) |
8.88 (8.47) |
-4.62% | Details | |
| 1/9/2023 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 12/15/2022 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 12/8/2022 | Kingsoft Cloud | KC | Maintain | Neutral (N/A) |
|
Details | ||
| 11/28/2022 | Pinduoduo Inc. | PDD | Maintain | Buy (N/A) |
|
Details | ||
| 11/18/2022 | Dada Nexus Ltd. | DADA | Maintain | Buy (N/A) |
|
Details | ||
| 11/15/2022 | Tencent Music Entertainment Group | TME | Maintain | Sell (N/A) |
|
Details | ||
| 11/7/2022 | Tencent Music Entertainment Group | TME | Maintain | Sell (N/A) |
|
Details | ||
| 11/2/2022 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 9/13/2022 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 7/12/2022 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 7/12/2022 | JD.com, Inc | JD | Downgrade | Buy (Conviction Buy) |
62.01 (26.21) |
-57.73% | Details | |
| 7/7/2022 | Kingsoft Cloud | KC | Maintain | Neutral (N/A) |
|
Details | ||
| 6/28/2022 | Smart Share Global Limited | EM | Downgrade | Neutral (Buy) |
1.15 (1.20) |
4.35% | Details | |
| 5/27/2022 | Alibaba | BABA | Maintain | Buy (N/A) |
|
Details | ||
| 5/17/2022 | Tencent Music Entertainment Group | TME | Maintain | Sell (N/A) |
|
Details | ||
| 4/11/2022 | Baidu | BIDU | New Coverage | Buy (N/A) |
135.71 (119.12) |
-12.22% | Details | |
| 4/11/2022 | Tencent Music Entertainment Group | TME | New Coverage | Sell (N/A) |
4.78 (8.47) |
77.2% | Details | |
| 4/11/2022 | Pinduoduo Inc. | PDD | New Coverage | Buy (N/A) |
42.37 (80.68) |
90.42% | Details | |
| 4/11/2022 | Kingsoft Cloud | KC | New Coverage | Buy (N/A) |
5.45 (9.35) |
71.56% | Details | |
| 4/11/2022 | Alibaba | BABA | New Coverage | Buy (N/A) |
104.27 (98.85) |
-5.2% | Details | |
| 3/4/2022 | Full Truck Alliance Co. Ltd. | YMM | Maintain | Buy (N/A) |
|
Details | ||
| 2/24/2022 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 11/11/2021 | JD.com, Inc | JD | Maintain | Conviction Buy (N/A) |
|
Details | ||
| 10/20/2021 | ZTO Express | ZTO | Downgrade | Neutral (Buy) |
31.05 (23.01) |
-25.89% | Details | |
| 10/12/2021 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 9/8/2021 | Dada Nexus Ltd. | DADA | Maintain | Buy (N/A) |
|
Details | ||
| 8/24/2021 | JD.com, Inc | JD | Maintain | Conviction Buy (N/A) |
|
Details | ||
| 8/19/2021 | Vipshop Holdings | VIPS | Maintain | Neutral (N/A) |
|
Details | ||
| 8/3/2021 | Full Truck Alliance Co. Ltd. | YMM | New Coverage | Buy (N/A) |
11.70 (8.41) |
-28.12% | Details | |
| 7/20/2021 | Smart Share Global Limited | EM | Maintain | Buy (N/A) |
|
Details | ||
| 7/14/2021 | AiHuiShou International Co. Ltd. | RERE | New Coverage | Buy (N/A) |
14.00 (4.01) |
-71.36% | Details | |
| 4/26/2021 | Smart SHare Global Ltd. | EM | New Coverage | Buy (N/A) |
8.27 (1.15) |
-86.09% | Details | |
| 4/19/2021 | Trip.com Group Limited | TCOM | Upgrade | Buy (Neutral) |
36.51 (41.04) |
12.41% | Details | |
| 3/12/2021 | JD.com, Inc | JD | Maintain | Conviction Buy (Conviction Buy) |
|
Details | ||
| 3/9/2021 | Dada Nexus Ltd. | DADA | Maintain | Buy (Buy) |
|
Details | ||
| 2/24/2021 | Trip.com Group Limited | TCOM | Maintain | Neutral (N/A) |
|
Details | ||
| 2/24/2021 | BEST Inc. | BEST | Maintain | Neutral (N/A) |
|
Details | ||
| 2/22/2021 | TripAdvisor | TRIP | Maintain | Sell (N/A) |
|
Details | ||
| 1/12/2021 | JD.com, Inc | JD | Maintain | Conviction Buy (N/A) |
|
Details | ||
| 12/3/2020 | BEST Inc. | BEST | Downgrade | Neutral (Buy) |
2.81 (2.78) |
-1.07% | Details | |
| 11/11/2020 | Dada Nexus Ltd. | DADA | Upgrade | Buy (Neutral) |
28.04 (1.96) |
-93.01% | Details | |
| 10/21/2020 | Dada Nexus Ltd. | DADA | Maintain | Neutral (N/A) |
|
Details | ||
| 8/19/2020 | Trip.com Group Limited | TCOM | Maintain | Neutral (N/A) |
|
Details | ||
| 8/18/2020 | TripAdvisor | TRIP | Maintain | Neutral (N/A) |
|
Details | ||
| 8/18/2020 | JD.com, Inc | JD | Upgrade | Conviction Buy (Buy) |
62.06 (26.21) |
-57.77% | Details | |
| 6/30/2020 | Dada Nexus Ltd. | DADA | New Coverage | Neutral (N/A) |
21.12 (1.96) |
-90.72% | Details | |
| 6/19/2020 | JD.com, Inc | JD | Maintain | Buy (N/A) |
|
Details | ||
| 4/20/2020 | Trip.com Group Limited | TCOM | Downgrade | Neutral (Buy) |
23.85 (41.04) |
72.08% | Details | |
| 3/19/2020 | Trip.com Group Limited | TCOM | Maintain | Buy (N/A) |
|
Details | ||
| 7/5/2019 | Uxin Ltd. | UXIN | Maintain | Neutral (Neutral) |
|
Details | ||
| 12/21/2018 | Uxin Ltd. | UXIN | Downgrade | Neutral (Buy) |
9.55 (1.86) |
-80.52% | Details | |
| 8/16/2018 | Uxin Ltd. | UXIN | New Coverage | Buy (N/A) |
5.26 (9.55) |
81.56% | Details |

