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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
CHINACACHE INTERNAT-SPON ADR Equity ADR 16950M107 1,456 400,000 SH   DFND 1 0 400,000 0
NEW ORIENTAL ED & TECH GRP I - SPON ADR Equity ADR 647581107 11,785 654,700 SH   DFND 1 0 654,700 0
SINA CORP Equity G81477104 11,176 230,000 SH   DFND 1 0 230,000 0
THE9 LTD-ADR EQUITY ADR 0.0 Equity ADR 88337K104 970 375,994 SH   DFND 1 0 375,994 0
YAHOO! INC Equity 984332106 5,176 220,000 SH   DFND 1 0 220,000 0