The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 54,080 650,000 SH   DFND 0 650,000 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 13,069 524,863 SH   DFND 0 524,863 0 0
HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 9,936 299,286 SH   DFND 0 299,286 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 8,708 149,220 SH   DFND 0 149,220 0 0
CHINDEX INTERNATIONAL INC COM 169467107 6,176 362,414 SH   DFND 0 362,414 0 0
SOHU COM INC COM 83408W103 4,730 60,000 SH   DFND 0 60,000 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 3,288 120,000 SH   DFND 0 120,000 0 0
PERFECT WORLD CO LTD SPON ADR REP B 71372U104 2,985 150,000 SH   DFND 0 150,000 0 0
SOUFUN HLDGS LTD ADR 836034108 2,582 50,000 SH   DFND 0 50,000 0 0
PHOENIX NEW MEDIA LTD SPONSORED ADS 71910C103 563 50,000 SH   DFND 0 50,000 0 0
CHINA LODGING GROUP LTD SPONSORED ADR 16949N109 830 43,700 SH   DFND 0 43,700 0 0