Ratings by China Merchants Securities (Crystal Li)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 2/27/2026 | Duolingo Inc. | DUOL | Downgrade | Hold (Buy) |
117.45 (101.92) |
-13.22% | Details | |
| 8/20/2025 | Vipshop Holdings | VIPS | Upgrade | Buy (Hold) |
16.82 (15.95) |
-5.17% | Details | |
| 3/21/2025 | Pinduoduo Inc. | PDD | Upgrade | Buy (Hold) |
130.92 (101.97) |
-22.11% | Details | |
| 11/22/2024 | Pinduoduo Inc. | PDD | Downgrade | Hold (Buy) |
104.09 (101.97) |
-2.04% | Details |

