Ratings by Nomura/Instinet (Jialong Shi)

Date CompanySymbol Type Rating
(Past)
PT
(Past)
Start $
(End $)
% Chg. Details
8/27/2026 Vipshop Holdings VIPS Downgrade Neutral
(Buy)
14.08
(12.51)
-11.15% Details
5/27/2026 Pinduoduo Inc. PDD Maintain Buy
(N/A)
 
 
  Details
3/26/2026 Pinduoduo Inc. PDD Upgrade Buy
(Neutral)
102.61
(78.61)
-23.39% Details
2/27/2026 Vipshop Holdings VIPS Upgrade Buy
(Neutral)
18.12
(14.08)
-22.3% Details
12/31/2025 Vipshop Holdings VIPS Maintain Neutral
(N/A)
 
 
  Details
11/19/2025 Baidu BIDU Upgrade Buy
(Neutral)
117.14
(92.03)
-21.44% 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
(15.91)
13.48% 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
(15.91)
19.27% Details
11/22/2023 Baidu BIDU Upgrade Buy
(Neutral)
113.42
(92.03)
-18.86% Details
11/21/2023 Trip.com Group Limited TCOM Downgrade Neutral
(Buy)
36.67
(39.19)
6.87% 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
(78.61)
84.53% 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
(15.91)
-87.49% Details
11/16/2020 Pinduoduo Inc. PDD Upgrade Buy
(Neutral)
151.29
(78.61)
-48.04% Details
8/27/2020 Bilibili BILI Upgrade Buy
(Neutral)
48.72
(15.91)
-67.34% 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
(12.51)
-4.65% 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
(78.61)
148.22% Details
10/9/2019 Bilibili BILI New Coverage Buy
(N/A)
13.64
(15.91)
16.64% 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
(27.00)
-9% 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
(6.63)
-88.61% 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