Ratings by China Merchants Securities (Crystal Li)

Date CompanySymbol Type Rating
(Past)
PT
(Past)
Start $
(End $)
% Chg. Details
8/12/2026 Tencent Music Entertainment Group TME Downgrade Hold
(Buy)
8.72
(8.26)
-5.28% Details
8/6/2026 Duolingo Inc. DUOL Upgrade Buy
(Hold)
135.32
(154.46)
14.14% Details
2/27/2026 Duolingo Inc. DUOL Downgrade Hold
(Buy)
117.45
(135.32)
15.21% Details
8/20/2025 Vipshop Holdings VIPS Upgrade Buy
(Hold)
16.82
(13.20)
-21.52% Details
3/21/2025 Pinduoduo Inc. PDD Upgrade Buy
(Hold)
130.92
(82.21)
-37.21% Details
11/22/2024 Pinduoduo Inc. PDD Downgrade Hold
(Buy)
104.09
(82.21)
-21.02% Details