• 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




NetEase In Risky Territory With New E-Com Venture

NetEase In 'Risky' Territory With New E-Com VentureNetEase (NASDAQ: NTES) stock tumbled Thursday after the China-based gaming and Internet company reported lower profit margins from some of its newer operations and experienced fallout from the temporary suspension of sales of some lottery pr……

Reality Hits Alibaba’s Results

Reality Hits Alibaba’s ResultsMonths after monster U.S. IPO, e-commerce company faces expensive effort to court mobile phone users, challenges in managing expansive businessAlibaba’s weakening grip on China’s e-commerce market is alarming investors spooked by the company’s slowing revenue growth, a ……

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 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……




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.

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