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
21VIANET GROUP INC SPONSORED ADR 90138A103 14,173 775,303 SH   SOLE 775,303 0 0
500 COM LTD SPON ADR REP A 33829R100 1,622 100,000 SH   SOLE 100,000 0 0
AIRMEDIA GROUP INC SPONSORED ADR 009411109 4,828 899,004 SH   SOLE 899,004 0 0
BALLARD PWR SYS INC NEW COM 058586108 2,412 2,010,092 SH   SOLE 2,010,092 0 0
CHINA DIGITAL TV HLDG CO LTD SPONSORED ADR 16938G107 3,696 1,895,516 SH   SOLE 1,895,516 0 0
CHINA DISTANCE ED HLDGS LTD SPONS ADR 16944W104 3,195 250,000 SH   SOLE 250,000 0 0
CHINA XD PLASTICS CO LTD COM 16948F107 4,180 1,000,000 SH   SOLE 1,000,000 0 0
CONCORD MED SVCS HLDGS LTD SPONSORED ADR 206277105 380 81,671 SH   SOLE 81,671 0 0
DIREXION SHS ETF TR SEMICONDUCT BEAR 25490K778 2,942 50,000 SH   SOLE 50,000 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 1,188 200,000 SH   SOLE 200,000 0 0
IDREAMSKY TECHNOLOGY LIMITED SPONSORED ADS 45173K101 1,807 178,900 SH   SOLE 178,900 0 0
JUMEI INTL HLDG LTD SPONSORED ADR 48138L107 4,935 500,000 SH   SOLE 500,000 0 0
KONGZHONG CORP SPONSORED ADR 50047P104 983 150,000 SH   SOLE 150,000 0 0
MOMO INC ADR 60879B107 3,750 300,000 SH   SOLE 300,000 0 0
NOAH HLDGS LTD SPONSORED ADS 65487X102 1,021 43,460 SH   SOLE 43,460 0 0
PHOENIX NEW MEDIA LTD SPONSORED ADS 71910C103 6,228 1,421,845 SH   SOLE 1,421,845 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 3,826 80,000 SH   SOLE 80,000 0 0
REWALK ROBOTICS LTD SHS M8216Q101 175 22,782 SH   SOLE 22,782 0 0
SOHU COM INC COM 83408W103 3,304 80,000 SH   SOLE 80,000 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 5,578 380,000 SH   SOLE 380,000 0 0
XUEDA ED GROUP SPONSORED ADR 98418W109 5,160 1,000,000 SH   SOLE 1,000,000 0 0
YY INC ADS REPCOM CLA 98426T106 2,727 50,000 SH   SOLE 50,000 0 0