company profile

Goldpebble Research Pte. Ltd.) is a Chinese fintech company founded in 2012 and headquartered in Shanghai (exact address not disclosed). Founded by senior financial experts such as Yifeng Mao (CFA, Head of Research), the company focuses on providing investment research, alternative data analysis, asset management, and blockchain application services through a quantamental approach. Goldstone Research was one of the first companies in China to adopt a quantitative and cost-effective strategy, which combines quantitative and fundamental analysis to process massive amounts of data to provide in-depth insights to global institutional investors. As of June 2025, the company manages China's largest live event fund through its Chinese subsidiary and has published one of the world's first fundamental analysis reports in the Bitcoin research space. With about 90 employees, including 70 engineers and 20 analysts, Goldstone Research interacts with the community through LinkedIn (about 224 followers), X (@goldpebble), is active in the blockchain community in China and the world, and participates in activities such as Shanghai Blockchain Week. The company is a member of the Asset Management Association of China (AMAC), but has not publicly disclosed its registered capital, shareholding structure or specific advisory team information.

regulatory information

Goldstone Research's China asset management subsidiaries are regulated by the Asset Management Association of China (AMAC) and may be subject to the requirements of the Securities Investment Fund Law and the Anti-Money Laundering Law. However, the public information does not disclose the specific regulatory number or official filing information, and the compliance transparency is limited. Goldstone Research's investment research and blockchain services may be involved in the regulatory frameworks of Singapore and Hong Kong, but it is not clear whether it holds the relevant financial licenses. The company adopts a non-custodial model, and customers manage crypto assets through an external platform to reduce compliance risks. In 2024, Goldstone Research did not explicitly respond to the regulatory review of unregistered investment platforms by the China Securities Regulatory Commission (CSRC) or the Monetary Authority of Singapore (MAS), which may pose compliance risks. The platform may be compliant with the European Union's General Data Protection Regulation (GDPR) and China's Personal Information Protection Law (PIPL), but does not disclose specific Know Your Customer (KYC) or Anti-Money Laundering (AML) process details.

trading productsGoldstone

Research does not directly provide traditional financial trading products (such as forex, stocks, or CFDs), but instead supports cryptocurrencies and alternative investments through its research and asset management services. Core trading categories include:

1. Cryptocurrency Investment: Launched in 2013 to provide research and investment strategies for Bitcoin and other cryptocurrencies through a cost-effective approach.

2. Alternative Investment Funds: Management of live event funds and other alternative portfolios, launched in 2012, covering the Chinese market.

As of 2024, specific trading volume or assets under management (AUM) are not publicly disclosed, limiting the assessment of its market impact.

trading softwareGoldstone

Research does not disclose its proprietary trading software, but supports investment research and data analysis through proprietary systems. Core features include:

1. GP Core system: integrated with Taobao, JD.com and China credit transaction data to support alternative data analysis, launched in 2013.

2. GP HIDEN System: Processed big data and provides cost-effective insights, launched in 2012.

3. GP OS system: supports portfolio management and market trend analysis, implemented in 2012.

4. API interface: Connect market data and payment gateway via REST API to support research data output, deployed in 2012.

The platform uses Python, C++ and JavaScript technologies to support high-throughput data processing, and the user interface is mainly in English and Chinese. In 2024, it was not disclosed whether the system will be optimized or a standalone trading platform will be launched. Specific API documentation or technical details are not publicly disclosed.

deposit and withdrawal methodsGoldstone

Research does not directly handle customer funds, and customers manage their investments through external cryptocurrency exchanges or bank accounts. The deposit and withdrawal process may include:

1. deposits: customers buy cryptocurrencies through exchanges (e.g., Binance, Huobi) or invest in alternative funds through bank transfers, launched in 2012.

2. Withdrawals: Clients can withdraw their investment earnings to a bank account or cryptocurrency wallet, the processing time depends on the external platform, implemented in 2012.

3. Fees: Investment services may involve management fees (exact rates not disclosed), and cryptocurrency transfers may involve gas fees, as claimed in 2012.

Users manage their fund balances through an external platform and need to complete KYC verification to connect their accounts. The exact limits or supported payment methods were not publicly disclosed.

customer supportGoldstone

Research provides support to institutional investors and high-net-worth individuals, primarily through dedicated account managers and social media channels, including:

1. online support: Assistance with research consulting, investment strategy and data analysis via email and LinkedIn (@goldpebble-research), established in 2012.

2. Help Center: Provide sample research reports and investment tutorials through the official website, launched in 2012.

3. Community Engagement: Sharing research insights via LinkedIn (approximately 224 followers, as of June 2025) will be less active in 2024.

Goldstone Research has participated in activities such as Shanghai Blockchain Week (2018) to promote both quantitative and cost-based research. Feedback from clients indicates that the research report is highly professional, but more open resources are needed to support new clients. Specific response time or satisfaction data were not disclosed.

core business and servicesThe

core business of Goldstone Research is to provide investment research, alternative data analysis, asset management and blockchain application development through a cost-effective approach. Key services include:

1. Quantitative and cost-based research: combining quantitative analysis and fundamental research, covering Chinese listed companies (such as YY, MOMO), macroeconomics and cryptocurrencies, launched in 2012, Reports include New Oriental Education (September 2012) and Sina Weibo (February 2013).

2. Alternative Data Analysis: Processed Taobao, JD.com, and credit transaction data through proprietary systems such as GP Core to provide investment insights, launched in 2013.

3. Asset Management: Managing China's largest live event fund and Shanghai New Culture Fund, launched in 2015, covering alternative investments.

4. Blockchain application: developed cryptocurrency investment strategies and blockchain solutions, and published the world's first Bitcoin fundamental research report in 2013.

Clients include global mutual funds, hedge funds, corporate executives, and family offices, with the goal of providing an investment advantage through data-driven decision-making. Goldstone Research was established in 2012 and acquired China Asset Management Corporation in 2015. As of 2024, the exact size of the customer or AUM was not disclosed.

technical infrastructureThe

technical infrastructure of Goldstone Research is based on a proprietary big data processing system and blockchain technology to build an efficient investment research platform. Key technical features include:

1. GP Core system: based on Python and C++, integrating e-commerce and credit transaction data, supporting alternative data analysis, deployed in 2013.

2. GP HIDEN System: Based on distributed data mining and processing non-traditional data sources, launched in 2012.

3. GP OS: Cloud-based computing, supporting portfolio management and trend analysis, implemented in 2012.

4. GP Psyc System: Analysis of market sentiment and behavioural data, launched in 2012.

5. API interface: Connect to market data, blockchain networks, and payment gateways via REST API, deployed in 2012.

6. Security protocol: AES-256 encryption, SSL protocol (HTTPS) and distributed storage, enabled in 2012, to protect data security.

Goldstone Research provides 99.9% availability through AWS or similar cloud services, and the distributed file system optimizes data access. In 2024, it was not disclosed whether the system was optimized or third-party security audits were conducted.

compliance and risk control systemGoldstone

Research's China asset management subsidiaries are regulated by the Asset Management Association of China (AMAC) and are subject to the Securities Investment Fund Law and the Anti-Money Laundering Law. Core risk control measures include:

1. KYC/AML verification: customers are required to submit proof of identity to prevent money laundering and fraud, implemented in 2012.

2. Data security: Encrypted storage of research data through a proprietary system, enabled in 2012.

3. Compliance Review: Regularly review research reports and investment strategies to ensure compliance with regulatory requirements, deployed in 2012.

Goldstone Research did not disclose specific regulatory numbers or official filing information. In 2024, there is a lack of clear response to the CSRC's regulatory review of unregistered investment platforms, which may pose compliance risks. Regarding third-party compliance audits or detailed KYC/AML processes, public information is not disclosed.

Market Positioning & Competitive AdvantageGoldstone

Research is positioned in the field of investment research and alternative investment in the global and Chinese markets, with the goal of providing data-driven insights to institutional investors through a cost-effective approach. Competitive advantages include:

and a

1. cost-based approach: China was the first to adopt a cost-to-cost strategy, launched in 2012, covering stocks, macros, and cryptocurrencies.

2. Alternative Data Expertise: Processing e-commerce and credit data through systems such as GP Core, implemented in 2013 with better accuracy than traditional analysis.

3. Early Blockchain Research: Published the Bitcoin Fundamentals Report in 2013, leading Wall Street institutions.

4. Strategic Partnership: Partnered with Fortress Investment Group to enhance its alternative investment capabilities in 2015.

Compared with competitors (e.g., Bloomberg and FactSet), Goldstone Research has differentiated advantages in its cost-effective approach and alternative data expertise, but insufficient information disclosure may limit competitiveness.

Customer Support & EmpowermentGoldstone

Research empowers institutional investors and high-net-worth individuals with dedicated support and research resources, including:

1. Dedicated support: Established in 2012 to provide research consulting and investment strategy support through an account manager.

2. Research Resources: Reports and data insights available through a website and proprietary system, launched in 2012.

3. Community activities: Participate in Shanghai Blockchain Week in 2018, take into account the amount of promotion and research, and the activity will be low in 2024.

social responsibility and ESG

Goldstone Research has limited disclosure of social responsibility and environmental, social and governance (ESG) information. The platform has been in place since 2012 to promote market transparency and indirectly support financial market efficiency through data-driven research. Goldstone Research may use energy-efficient cloud computing infrastructure, such as AWS, but does not disclose specific carbon footprints or sustainability plans. There is not enough public information on specific ESG initiatives.

Strategic CooperationThe

strategic cooperation of Eco-Goldstone

1. Fortress Investment Group: Partnered in 2015 to strengthen its alternative investment capabilities.

2. Chinese subsidiary: Acquired an asset management company in 2015 and obtained a license from AMAC.

limited financial disclosures

at Goldstone Research. Sources of income may include:

1. Research Service Fee: Quantitative and cost-effective reporting for institutional investors, implemented in 2012.

2. Asset Management Fee: Management of the On-site Event Fund and the New Culture Fund, launched in 2015.

3. Blockchain Consulting: Technical support for cryptocurrency projects, launched in 2013.

development milestonesKey

development milestones of Goldstone Research are based on publicly available information:

1. 2012: Goldstone Research was established and the New Oriental Education Cost Balance Report was released.

2. 2013: Released the Bitcoin Fundamental Research Report and integrated e-commerce data into the GP Core system.

3. February 2013: Released Sina Weibo research report to reveal user growth trends.

4. 2015: Acquired a Chinese asset management company and obtained AMAC license.

5. 2015: Partnered with Fortress Investment Group to manage the New Culture Fund.

future roadmap

The Goldstone Research Program advances development by:

Expand your research horizons: Cover more global markets and optimize your cost-effective approach.

• Enhancement technology: Upgrade GP Core and other systems to improve data processing capabilities.

• Blockchain Innovation: Development of new cryptocurrency investment strategies and blockchain applications.

• Market expansion: The company plans to enter the Asian and North American markets, with the possibility of implementing it from 2024.