• TH Capital - WB: Improving User Engagements and Monetization; Initiate with a Buy Rating
  • T. H. Data Flash – Vipshop Holdings Limited (VIPS) – July 2014: Solid SKU Growth in 2Q14; Growth is Likely To Decelerate in July, But Pick Up in August Due to Promotions
  • YOKU: Head Content Competition Postpones Profitability; Monetization of Organic Video Views is Key; Downgrade to Hold




T. H. Capital Conferences

 T. H. Capital conferences bring together corporate leaders, industry professionals and institutional investors to discuss  trends of sector and market.   We organize a&n……

NetEase Leverages Partnerships In Mobile Gaming Shift

BY MICHELE CHANDLER, INVESTOR'S BUSINESS DAILY02/07/2015 08:02 AM ET Chinese Web portal NetEase (NASDAQ:NTES) is riding a wave of new strategic partnerships and rising revenue from its online games, advertising and e-commerce operations as it prepares to post Q4 earnings after the market close ……

Homeinns Hotel Group Downgraded by TH Capital to “Hold” (HMIN)

Posted on Mar 12th, 2015T.H. Capital cut shares of Homeinns Hotel Group (NASDAQ:HMIN)froma buy rating to a hold rating in a research reportsent to investors on Thursday morning.Separately, analysts at Brean Capital reiterated a buyrating and set a $47.00 price target on shares of Homeinns Hotel Gro……

SouFun Holdings Sets New 52-Week Low at $6.50 (SFUN)

Posted on 01/15/2015SouFunHoldings (NASDAQ:SFUN) shares hit a new 52-week low during trading on Thursday , American Banking and Market News reports. The company traded as low as$6.50 and last traded at $6.70, with a volume of 4,753,891 shares traded. Thestock had previously closed at $7.25.A number ……

Jumei’s Makeover Is More Than Cosmetic

Post on 03/17/2015JumeiInternational Holding is in the business of selling cosmetics and other beautyproducts. The company’s stock, however, looks anything but dolled up.Shares of Beijing-headquartered Jumei (JMEI) have tumbledan unflattering 66% since mid-August as the largest niche e-tailer of bea……


新浪科技讯北京时间2月18日晚间消息,香港投行天灏资本今天发布研究报告称,京东(Nasdaq:JD)2014年第四季度及2015年1月商品销售总额(GMV)呈现强劲增长的趋势。报告未给出股票评级和目标股价。  以下为报告全文:  自营业务GMV的同比增长率第四季度可能将加速  我们的私有数据显示,京东自营业务的GMV第四季度可能将同比增长82.3%,至501亿元人民币。其中,电子和家电品类的GMV可能将同比增长87.9%,至442亿元人民币,而日用百货和其他商品品类的GMV将同比增长49.5%,至60亿元人民币。环比来看,GMV的加速增长是由于销量的增长,但同时也被平均售价的下降所抵消。201……


新浪科技讯北京时间3月9日晚间消息,天灏资本今天发布研究报告,维持对学大教育(NYSE:XUE)股票的“持有”评级。   以下为报告全文:  学大教育报告了基本符合预期的第四季度业绩,以及略好于平均预期的第一季度业绩展望。该公司可能正处于从最糟糕状况复苏的过程中,而我们将于今年下半年看到实质性成果。以往,该公司业务的主要问题在于用户数增长的停滞。为了解决这一问题,学大教育近期与奇虎成立了合资公司,并与百度展开了合作,以推动入学人数的增长。凭借较好的用户数增长,我们认为该公司将可以减少推广和折扣,甚至涨价。这将至少有利于利润率。不过我们认为,学大教育将要到2015年下半年才能拿出实质性成果。而在……

T.H. Capital Lowers Leju Holdings to Hold (LEJU)

Posted on Mar 15th, 2015T.H.Capital cut shares of Leju Holdings (NASDAQ:LEJU) from a buy rating to a hold rating ina research report sent to investors on Friday morning.LEJU has been the subject of a number of other recentresearch reports. Analysts at Bank of America initiated coverage on shares of……




T.H. Capital is an independent research and investment advisory firm specializing in China. It offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. The company delivers relevant, comprehensive and data driven research adding immense value to clients.

5E, Tower D, Central International Trade Center, 6 Jianguomenwai Avenue, Beijing 100022, China


86+10 85670787



Do you enjoy pursuing original research in any aspect of the financial markets and have the ability to present research in a refreshing and captivating manner.