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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 39,807 590,000 SH   DFND   590,000 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 25,840 455,246 SH   DFND   455,246 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 13,440 750,000 SH   DFND   750,000 0 0
SOUFUN HLDGS LTD ADR 836034108 12,910 1,297,500 SH   DFND   1,297,500 0 0
TAL ED GROUP ADS REPSTG COM 874080104 12,366 353,911 SH   DFND   353,911 0 0
QUNAR CAYMAN IS LTD SPNS ADR CL B 74906P104 12,105 437,800 SH   DFND   437,800 0 0
HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 10,996 379,286 SH   DFND   379,286 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 6,971 300,481 SH   DFND   300,481 0 0
58 COM INC SPON ADR REP A 31680Q104 6,705 180,000 SH   DFND   180,000 0 0
BITAUTO HLDGS LTD SPONSORED ADS 091727107 3,900 50,000 SH   DFND   50,000 0 0
AUTOHOME INC SP ADR RP CL A 05278C107 2,101 50,000 SH   DFND   50,000 0 0
XUNLEI LTD SPONSORED ADR 98419E108 1,821 169,388 SH   DFND   169,388 0 0
YINGLI GREEN ENERGY HLDG CO ADR 98584B103 1,555 500,000 SH   DFND   500,000 0 0
E-COMMERCE CHINA DANGDANG IN SPN ADS COM A 26833A105 821 67,300 SH   DFND   67,300 0 0
CHEETAH MOBILE INC ADR 163075104 183 10,000 SH   DFND   10,000 0 0
PHOENIX NEW MEDIA LTD SPONSORED ADS 71910C103 94 10,000 SH   DFND   10,000 0 0