# EDGAR Filing Document

**Accession Number:** 0001483503
**File Stem:** 0000950123-23-000646
**Filing Date:** 2023-2
**Character Count:** 8346
**Document Hash:** 421769ce8d7bf6ea0d80479bb9f7d6b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-23-000646.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0000950123-23-000646

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**EFFECTIVENESS DATE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TB Alternative Assets Ltd.
- **CENTRAL INDEX KEY:** 0001483503
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13681
- **FILM NUMBER:** 23578706

**BUSINESS ADDRESS:**
- **STREET 1:** C/O MAPLES CORPORATE SERVICES LIMITED
- **STREET 2:** UGLAND HOUSE
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-1104
- **BUSINESS PHONE:** 852-3727-0300

**MAIL ADDRESS:**
- **STREET 1:** 2001, AGRICULTURAL BANK OF CHINA TOWER
- **STREET 2:** 50 CONNAUGHT ROAD CENTRAL, CENTRAL
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** NA

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** TB Alternative Assets Ltd.<br>**Address:** 2001 AGRICULTURAL BANK OF CHINA TOWER<br>50 CONNAUGHT ROAD CENTRAL CENTRAL<br>HONG KONG, K3 NA

**Form 13F File Number:** 028-13681

**CRD Number (if applicable):** 000162014

**SEC File Number (if applicable):** 801-100451

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Shujun Li<br>**Title:** Director<br>**Phone:** (852) 3727-0300

**Signature, Place, and Date of Signing:**

/s/ Shujun Li  Hong Kong, K3  02-02-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 40

**Form 13F Information Table Value Total:** $278207035

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGORA INC-ADR API US | ADS | 00851L103 |  | 207621 | 53100 | SH |  | DFND |  | 53100 | 0 | 0 |
| ALIBABA GROUP HOLDING-SP ADR BABA US | SPONSORED ADS | 01609W102 |  | 396405 | 4500 | SH |  | DFND |  | 4500 | 0 | 0 |
| ALPHABET INC-CL C GOOG US | CAP STK CL C | 02079K107 |  | 5153438 | 58080 | SH |  | DFND |  | 58080 | 0 | 0 |
| AMAZON.COM INC AMZN US | COM | 023135106 |  | 4670400 | 55600 | SH |  | DFND |  | 55600 | 0 | 0 |
| BALLARD POWER SYSTEMS INC BLDP US | COM | 058586108 |  | 920159 | 192100 | SH |  | DFND |  | 192100 | 0 | 0 |
| BILIBILI INC-SPONSORED ADR BILI US | SPONS ADS REP Z | 090040106 |  | 17224999 | 727100 | SH |  | DFND |  | 727100 | 0 | 0 |
| BLOCK INC SQ US | CL A | 852234103 |  | 2972332 | 47300 | SH |  | DFND |  | 47300 | 0 | 0 |
| CANADA GOOSE HOLDINGS INC GOOS US | SHS SUB VTG | 135086106 |  | 2347358 | 131800 | SH |  | DFND |  | 131800 | 0 | 0 |
| CLOOPEN GROUP HOLDING LTD | ADS | 18900M104 |  | 4057498 | 5763492 | SH |  | DFND |  | 5763492 | 0 | 0 |
| COINBASE GLOBAL INC -CLASS A COIN US | COM CL A | 19260Q107 |  | 647637 | 18300 | SH |  | DFND |  | 18300 | 0 | 0 |
| DATADOG INC - CLASS A DDOG US | CL A COM | 23804L103 |  | 10319400 | 140400 | SH |  | DFND |  | 140400 | 0 | 0 |
| DOCUSIGN INC DOCU US | COM | 256163106 |  | 10568594 | 190700 | SH |  | DFND |  | 190700 | 0 | 0 |
| DOORDASH INC - A DASH US | CL A | 25809K105 |  | 7908840 | 162000 | SH |  | DFND |  | 162000 | 0 | 0 |
| GINKGO BIOWORKS HOLDINGS INC DNA US | CL A SHS | 37611X100 |  | 542997 | 321300 | SH |  | DFND |  | 321300 | 0 | 0 |
| JD.COM INC-ADR JD US | SPON ADR CL A | 47215P106 |  | 6157461 | 109700 | SH |  | DFND |  | 109700 | 0 | 0 |
| KE HOLDINGS INC-ADR BEKE US | SPONSORED ADS | 482497104 |  | 46568675 | 3335865 | SH |  | DFND |  | 3335865 | 0 | 0 |
| LIGHTINTHEBOX HOLDING-ADR | SPONSORED ADR | 53225G102 |  | 2530138 | 2057023 | SH |  | DFND |  | 2057023 | 0 | 0 |
| MOGU INC-ADR | SPON ADS | 608012308 |  | 1702077 | 689100 | SH |  | DFND |  | 689100 | 0 | 0 |
| NU HOLDINGS LTD/CAYMAN ISL-A NU US | ORD SHS CL A | G6683N103 |  | 3150587 | 774100 | SH |  | DFND |  | 774100 | 0 | 0 |
| OCCIDENTAL PETROLEUM CORP OXY US | COM | 674599105 |  | 1511760 | 24000 | SH |  | DFND |  | 24000 | 0 | 0 |
| PEAR THERAPEUTICS INC | CLASS A COM | 704723105 |  | 2444801 | 2071865 | SH |  | DFND |  | 2071865 | 0 | 0 |
| PINDUODUO INC-ADR PDD US | SPONSORED ADS | 722304102 |  | 11368070 | 139400 | SH |  | DFND |  | 139400 | 0 | 0 |
| PINTEREST INC- CLASS A PINS US | CL A | 72352L106 |  | 5144932 | 211900 | SH |  | DFND |  | 211900 | 0 | 0 |
| PROSHARES ULTRAPRO QQQ TQQQ US | ULTRAPRO QQQ | 74347X831 |  | 17099320 | 988400 | SH |  | DFND |  | 988400 | 0 | 0 |
| PROSHARES ULTRASHORT BLOOMBE SCO US | ULSHT BLOOMB OIL | 74347Y797 |  | 5657220 | 237200 | SH |  | DFND |  | 237200 | 0 | 0 |
| ROBINHOOD MARKETS INC - A HOOD US | COM CL A | 770700102 |  | 18214064 | 2237600 | SH |  | DFND |  | 2237600 | 0 | 0 |
| SHOPIFY INC - CLASS A SHOP US | CL A | 82509L107 |  | 4894110 | 141000 | SH |  | DFND |  | 141000 | 0 | 0 |
| SNAP INC - A SNAP US | CL A | 83304A106 |  | 16940560 | 1892800 | SH |  | DFND |  | 1892800 | 0 | 0 |
| SNOWFLAKE INC-CLASS A SNOW US | CL A | 833445109 |  | 7980824 | 55600 | SH |  | DFND |  | 55600 | 0 | 0 |
| SO-YOUNG INTERNATIONAL-ADR | SPONSORED ADS | 83356Q108 |  | 3957556 | 3067873 | SH |  | DFND |  | 3067873 | 0 | 0 |
| STAAR SURGICAL CO STAA US | COM PAR $0.01 | 852312305 |  | 786348 | 16200 | SH |  | DFND |  | 16200 | 0 | 0 |
| TALKSPACE INC | COM | 87427V103 |  | 1179473 | 1932612 | SH |  | DFND |  | 1932612 | 0 | 0 |
| TENCENT MUSIC ENTERTAINM-ADR TME US | SPON ADS | 88034P109 |  | 5257982 | 635022 | SH |  | DFND |  | 635022 | 0 | 0 |
| UBER TECHNOLOGIES INC UBER US | COM | 90353T100 |  | 30971852 | 1252400 | SH |  | DFND |  | 1252400 | 0 | 0 |
| VACASA INC -CL A VCSA US | CLASS A COM | 91854V107 |  | 169470 | 134500 | SH |  | DFND |  | 134500 | 0 | 0 |
| VIPSHOP HOLDINGS LTD - ADR VIPS US | SPONSORED ADS A | 92763W103 |  | 2965336 | 217400 | SH |  | DFND |  | 217400 | 0 | 0 |
| YOUDAO INC - ADR DAO US | SPONSORED ADS | 98741T104 |  | 2631137 | 489059 | SH |  | DFND |  | 489059 | 0 | 0 |
| YUNJI INC-ADR | ADS RP CL A | 98873N107 |  | 1053414 | 1290000 | SH |  | DFND |  | 1290000 | 0 | 0 |
| ZILLOW GROUP INC - C Z US | CL C CAP STK | 98954M200 |  | 4702660 | 146000 | SH |  | DFND |  | 146000 | 0 | 0 |
| ZOOM VIDEO COMMUNICATIONS-A ZM US | CL A | 98980L101 |  | 5229528 | 77200 | SH |  | DFND |  | 77200 | 0 | 0 |

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