UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F
                               Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/2011
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:      Kylin Management LLC

Address:   366 Madison Avenue, 16th Floor, New York, New York 10017


Form 13F File Number: 028-14332


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 submission.

Persons Signing this Report on Behalf of Reporting Manager:

Name:   Paul Guggenheimer
Title:  Chief FInancial Officer
Phone:  (212) 323-8115

Signature,  Place,  and  Date  of  Signing:

/s/ Paul Guggenheimer              New York, New York                 2/10/2012
---------------------------------  ---------------------------------  ----------
[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 reported are 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).)

List of Other Managers Reporting for this Manager:




                              Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                    0

Form 13F Information Table Entry Total:               9

Form 13F Information Table Value Total:  $      133,826
                                         --------------
                                         (In Thousands)


List of Other Included Managers:

Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE







                                                  FORM 13F INFORMATION TABLE

          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 MANAGERS   SOLE    SHARED NONE
---------------------------- ---------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ----
                                                                                        
BAIDU INC                    SPON ADR REP A   056752108   14,035   120,500 SH       SOLE                  120,500      0    0
CTRIP COM INTL LTD           AMERICAN DEP SHS 22943F100      358    15,300 SH       SOLE                   15,300      0    0
FOCUS MEDIA HOLDING          SPONSORED ADR    34415V109   13,799   708,000 SH       SOLE                  708,000      0    0
HISOFT TECHNOLOGY INTL LTD   SPONSORED ADR    43358R108    3,603   390,400 SH       SOLE                  390,400      0    0
MELCO CROWN ENTMT LTD        ADR              585464100   25,599 2,661,000 SH       SOLE                2,661,000      0    0
NEW ORIENTAL ED & TECH GRP I SPON ADR         647581107   15,483   643,800 SH       SOLE                  643,800      0    0
QIHOO 360 TECHNOLOGY CO LTD  ADS              74734M109    5,630   358,800 SH       SOLE                  358,800      0    0
WUXI PHARMATECH CAYMAN INC   SPONS ADR SHS    929352102   53,757 4,869,300 SH       SOLE                4,869,300      0    0
YOUKU COM INC                SPONSORED ADR    98742U100    1,562    99,700 SH       SOLE                   99,700      0    0