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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGORA INC-ADR API US ADS 00851L103   191,136 52,800 SH   DFND   52,800 0 0
AIRBNB INC-CLASS A ABNB US COM CL A 009066101   2,973,160 23,900 SH   DFND   23,900 0 0
AMAZON.COM INC AMZN US COM 023135106   1,714,614 16,600 SH   DFND   16,600 0 0
BALLARD POWER SYSTEMS INC BLDP US COM 058586108   1,069,997 192,100 SH   DFND   192,100 0 0
BILIBILI INC-SPONSORED ADR BILI US SPONS ADS REP Z 090040106   14,861,400 632,400 SH   DFND   632,400 0 0
BILL HOLDINGS INC BILL US COM 090043100   3,002,180 37,000 SH   DFND   37,000 0 0
BLOCK INC SQ US CL A 852234103   9,865,005 143,700 SH   DFND   143,700 0 0
CANADA GOOSE HOLDINGS INC GOOS US SHS SUB VTG 135086106   2,537,150 131,800 SH   DFND   131,800 0 0
CLOOPEN GROUP HOLDING LTD ADS 18900M203   3,323,614 1,921,164 SH   DFND   1,921,164 0 0
COINBASE GLOBAL INC -CLASS A COIN US COM CL A 19260Q107   11,547,713 170,900 SH   DFND   170,900 0 0
DATADOG INC - CLASS A DDOG US CL A COM 23804L103   18,550,098 255,300 SH   DFND   255,300 0 0
DOCUSIGN INC DOCU US COM 256163106   11,869,880 203,600 SH   DFND   203,600 0 0
DOORDASH INC - A DASH US CL A 25809K105   30,133,796 474,100 SH   DFND   474,100 0 0
FULL TRUCK ALLIANCE -SPN ADR YMM US SPONSORED ADS 35969L108   8,714,211 1,145,100 SH   DFND   1,145,100 0 0
GINKGO BIOWORKS HOLDINGS INC DNA US CL A SHS 37611X100   427,329 321,300 SH   DFND   321,300 0 0
IQIYI INC-ADR IQ US SPONSORED ADS 46267X108   4,237,688 582,100 SH   DFND   582,100 0 0
KE HOLDINGS INC-ADR BEKE US SPONSORED ADS 482497104   62,420,029 3,313,165 SH   DFND   3,313,165 0 0
LIGHTINTHEBOX HOLDING-ADR SPONSORED ADR 53225G102   3,311,807 2,057,023 SH   DFND   2,057,023 0 0
META PLATFORMS INC-CLASS A META US CL A 30303M102   4,471,934 21,100 SH   DFND   21,100 0 0
MICROSOFT CORP MSFT US COM 594918104   2,565,870 8,900 SH   DFND   8,900 0 0
MOGU INC-ADR SPON ADS 608012308   2,239,575 689,100 SH   DFND   689,100 0 0
NEW ORIENTAL EDUCATIO-SP ADR EDU US SPON ADR 647581206   4,980,690 129,000 SH   DFND   129,000 0 0
NU HOLDINGS LTD/CAYMAN ISL-A NU US ORD SHS CL A G6683N103   3,684,716 774,100 SH   DFND   774,100 0 0
PDD HOLDINGS INC PDD US SPONSORED ADS 722304102   57,031,260 751,400 SH   DFND   751,400 0 0
PEAR THERAPEUTICS INC CLASS A COM 704723105   528,326 2,071,865 SH   DFND   2,071,865 0 0
PROSHARES ULTRAPRO QQQ TQQQ US ULTRAPRO QQQ 74347X831   34,033,518 1,204,300 SH   DFND   1,204,300 0 0
ROBINHOOD MARKETS INC - A HOOD US COM CL A 770700102   24,480,852 2,521,200 SH   DFND   2,521,200 0 0
SHOPIFY INC - CLASS A SHOP US CL A 82509L107   982,770 20,500 SH   DFND   20,500 0 0
SNAP INC - A SNAP US CL A 83304A106   21,218,288 1,892,800 SH   DFND   1,892,800 0 0
SNOWFLAKE INC-CLASS A SNOW US CL A 833445109   8,578,524 55,600 SH   DFND   55,600 0 0
SO-YOUNG INTERNATIONAL-ADR SPONSORED ADS 83356Q108   6,595,927 3,067,873 SH   DFND   3,067,873 0 0
STAAR SURGICAL CO STAA US COM PAR $0.01 852312305   1,035,990 16,200 SH   DFND   16,200 0 0
TAL EDUCATION GROUP- ADR TAL US SPONSORED ADS 874080104   10,120,108 1,578,800 SH   DFND   1,578,800 0 0
TALKSPACE INC COM 87427V103   1,343,359 1,932,612 SH   DFND   1,932,612 0 0
UBER TECHNOLOGIES INC UBER US COM 90353T100   13,694,400 432,000 SH   DFND   432,000 0 0
VACASA INC -CL A VCSA US CLASS A COM 91854V107   129,416 134,500 SH   DFND   134,500 0 0
YOUDAO INC - ADR DAO US SPONSORED ADS 98741T104   2,424,642 285,252 SH   DFND   285,252 0 0
YUNJI INC-ADR ADS RP CL A 98873N107   503,229 1,290,000 SH   DFND   1,290,000 0 0
ZILLOW GROUP INC - C Z US CL C CAP STK 98954M200   10,468,238 235,400 SH   DFND   235,400 0 0
ZOOM VIDEO COMMUNICATIONS-A ZM US CL A 98980L101   3,773,224 51,100 SH   DFND   51,100 0 0