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 34,356 600,000 SH   DFND   600,000 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 22,534 495,246 SH   DFND   495,246 0 0
YOUKU TUDOU INC SPONSORED ADR 98742U100 14,782 830,000 SH   DFND   830,000 0 0
TAL ED GROUP ADS REPSTG COM 874080104 11,346 403,911 SH   DFND   403,911 0 0
HOMEINNS HOTEL GROUP SPONSORED ADR 43742E102 10,786 359,286 SH   DFND   359,286 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 10,215 500,481 SH   DFND   500,481 0 0
QUNAR CAYMAN IS LTD SPNS ADR CL B 74906P104 10,172 357,800 SH   DFND   357,800 0 0
SOUFUN HLDGS LTD ADR 836034108 8,850 1,197,500 SH   DFND   1,197,500 0 0
58 COM INC SPON ADR REP A 31680Q104 6,648 160,000 SH   DFND   160,000 0 0
E-COMMERCE CHINA DANGDANG IN SPN ADS COM A 26833A105 5,103 549,349 SH   DFND   549,349 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 2,778 300,000 SH   DFND   300,000 0 0
YINGLI GREEN ENERGY HLDG CO ADR 98584B103 1,692 720,000 SH   DFND   720,000 0 0
XUNLEI LTD SPONSORED ADR 98419E108 1,237 169,388 SH   DFND   169,388 0 0
CHEETAH MOBILE INC ADR 163075104 151 10,000 SH   DFND   10,000 0 0
PHOENIX NEW MEDIA LTD SPONSORED ADS 71910C103 83 10,000 SH   DFND   10,000 0 0