The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
AGORA INC-ADR ADS 00851L103 350 53,300 SH   DFND   53,300 0 0
ALIBABA GROUP HOLDING-SP ADR BABA US SPONSORED ADS 01609W102 512 4,500 SH   DFND   4,500 0 0
ALPHABET INC-CL C GOOG US CAP STK CL C 02079K107 6,352 2,904 SH   DFND   2,904 0 0
AMAZON.COM INC AMZN US COM 023135106 5,948 56,000 SH   DFND   56,000 0 0
BALLARD POWER SYSTEMS INC BLDP US COM 058586108 1,210 192,100 SH   DFND   192,100 0 0
BILIBILI INC-SPONSORED ADR BILI US SPONS ADS REP Z 090040106 6,495 253,700 SH   DFND   253,700 0 0
BLOCK INC SQ US CL A 852234103 879 14,300 SH   DFND   14,300 0 0
CAMECO CORP CCJ US COM 13321L108 3,527 167,800 SH   DFND   167,800 0 0
CLOOPEN GROUP HOLDING LTD ADS 18900M104 6,052 5,763,492 SH   DFND   5,763,492 0 0
DIDI GLOBAL INC SPONSORED ADS 23292E108 4,689 1,589,400 SH   DFND   1,589,400 0 0
DRX DLY FTSE CHINA BEAR 3X DAILY FTSE CHINA 25460E521 999 91,200 SH   DFND   91,200 0 0
FINVOLUTION GROUP-ADR SPONSORED ADS 31810T101 3,369 709,278 SH   DFND   709,278 0 0
KE HOLDINGS INC-ADR SPONSORED ADS 482497104 45,234 2,520,014 SH   DFND   2,520,014 0 0
LAIX INC - ADR SPON ADS 50736W204 382 259,851 SH   DFND   259,851 0 0
LIGHTINTHEBOX HOLDING-ADR SPONSORED ADR 53225G102 1,975 2,057,023 SH   DFND   2,057,023 0 0
MOGU INC-ADR SPON ADS 608012308 1,550 689,100 SH   DFND   689,100 0 0
MOLECULAR DATA INC - ADR SPONSORED ADS 60852L205 421 749,797 SH   DFND   749,797 0 0
NVIDIA CORP NVDA US COM 67066G104 9,793 64,600 SH   DFND   64,600 0 0
PEAR THERAPEUTICS INC CLASS A COM 704723105 3,191 2,071,865 SH   DFND   2,071,865 0 0
PETROLEO BRASILEIRO-SPON ADR SPONSORED ADR 71654V408 2,494 213,500 SH   DFND   213,500 0 0
PINDUODUO INC-ADR PDD US SPONSORED ADS 722304102 637 10,300 SH   DFND   10,300 0 0
PINTEREST INC- CLASS A CL A 72352L106 6,042 332,700 SH   DFND   332,700 0 0
PROSHARES ULTRA GOLD ULTRA GOLD 74347W601 1,079 19,100 SH   DFND   19,100 0 0
PROSHARES ULTRAPRO QQQ ULTRAPRO QQQ 74347X831 16,306 679,400 SH   DFND   679,400 0 0
PROSHARES ULTRASHORT BLOOMBE ULSHT BLOOMB OIL 74347Y797 8,053 351,200 SH   DFND   351,200 0 0
PUXIN LTD-ADR ADS 74704P405 215 178,763 SH   DFND   178,763 0 0
ROBINHOOD MARKETS INC - A COM CL A 770700102 17,354 2,111,200 SH   DFND   2,111,200 0 0
SHOPIFY INC - CLASS A CL A 82509L107 4,405 141,000 SH   DFND   141,000 0 0
SNAP INC - A SNAP US CL A 83304A106 13,190 1,004,600 SH   DFND   1,004,600 0 0
SO-YOUNG INTERNATIONAL-ADR SPONSORED ADS 83356Q108 2,628 3,067,873 SH   DFND   3,067,873 0 0
TALKSPACE INC COM 87427V103 3,285 1,932,612 SH   DFND   1,932,612 0 0
TENCENT MUSIC ENTERTAINM-ADR TME US SPON ADS 88034P109 3,700 737,148 SH   DFND   737,148 0 0
UBER TECHNOLOGIES INC UBER US COM 90353T100 15,912 777,700 SH   DFND   777,700 0 0
VIPSHOP HOLDINGS LTD - ADR VIPS US SPONSORED ADS A 92763W103 2,150 217,400 SH   DFND   217,400 0 0
YOUDAO INC - ADR SPONSORED ADS 98741T104 2,406 489,059 SH   DFND   489,059 0 0
YUNJI INC-ADR ADS RP CL A 98873N107 1,342 1,290,000 SH   DFND   1,290,000 0 0