86Research
86Research is a Shanghai-based independent equity research firm that covers Chinese technology, media, telecom and consumer stocks for overseas institutional investors.
Company history
C. Ming Zhao founded 86Research after seven years as a senior analyst covering Chinese ADRs at SIG. The firm pairs an Asia-based research team with a US institutional sales team and emphasizes corporate access, organizing non-deal roadshows, China field trips, industry conferences and expert calls for institutional clients.
Research
Coverage centers on China's internet and media, e-commerce, online travel, online entertainment, lodging and education sectors, along with the China operations of global companies. The firm combines fundamental analysis with channel checks, and its published stock ratings include Buy and Hold.
Coverage12M
- Stocks
- 1
- Ratings
- 0
- Price targets
- 1
- Median upside
- +28.3%
- Upgrades
- 0
- Downgrades
- 0
- Initiations
- 0
- Reiterations
- 0
- Targets raised
- 1
- Targets cut
- 0
Sectors
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 TMETencent Music Entertainment Group | — | $17.40 |
Analysts24M
- Charlie ChaiTME1
Recent actions
| Stock | Rating action | Target | Date |
|---|---|---|---|
| Tencent Music Entertainment GroupTME | Target | $12 →$17.40 | Mar 6 |
| Tencent Music Entertainment GroupTME | Target | $12 | Aug 14, 2024 |
| HUHUYA Inc.HUYA | Target | $22 | Apr 23, 2021 |
References
- 86Research | We help you understand China86research.com
- 86Research - LinkedInlinkedin.com
- Ming Zhao - Founder and Analyst at 86Research (LinkedIn)linkedin.com
- Why The Tencent Music Entertainment Group (TME) Story Is Shifting (Yahoo Finance, 2026)finance.yahoo.com