SC 13G/A 1 d889508dsc13ga.htm SC 13G/A SC 13G/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c) and (d) and

Amendments Thereto Filed Pursuant to § 240.13d-2

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

FinVolution Group

(Name of Issuer)

Class A Ordinary Shares, par value $0.00001 per share

(Title of Class of Securities)

69354V108**

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

**

This CUSIP number applies to the Issuer’s American depositary shares, each representing five Class A Ordinary Shares.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 69354V108    SCHEDULE 13G    Page 2 of 12 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  SEQUOIA CAPITAL 2010 CV HOLDCO, LTD. (“SC 2010 CV HOLDCO”)

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

  6     

  SHARED VOTING POWER

 

  86,837,110

  7     

  SOLE DISPOSITIVE POWER

 

  0

  8     

  SHARED DISPOSITIVE POWER

 

  86,837,110

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  86,837,110

10    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.5%1

12    

  TYPE OF REPORTING PERSON

 

  OO

 

1 

Based on a total of 827,770,169 shares outstanding as of December 31, 2018, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2019.


CUSIP No. 69354V108    SCHEDULE 13G    Page 3 of 12 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  SEQUOIA CAPITAL CHINA VENTURE 2010 FUND, L.P. (“SC CV 2010”)

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

  6     

  SHARED VOTING POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SC CV 2010 HOLDCO is wholly owned by SC CV 2010.

  7     

  SOLE DISPOSITIVE POWER

 

  0

  8     

  SHARED DISPOSITIVE POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SC CV 2010 HOLDCO is wholly owned by SC CV 2010.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  86,837,110

10    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.5%1

12    

  TYPE OF REPORTING PERSON

 

  PN

 

1 

Based on a total of 827,770,169 shares outstanding as of December 31, 2018, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2019.


CUSIP No. 69354V108    SCHEDULE 13G    Page 4 of 12 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  SC CHINA VENTURE 2010 MANAGEMENT, L.P. (“SC CV 2010 MGMT”)

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

  6     

  SHARED VOTING POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  7     

  SOLE DISPOSITIVE POWER

 

  0

  8     

  SHARED DISPOSITIVE POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  86,837,110

10    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.5%1

12    

  TYPE OF REPORTING PERSON

 

  PN

 

1 

Based on a total of 827,770,169 shares outstanding as of December 31, 2018, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2019.


CUSIP No. 69354V108    SCHEDULE 13G    Page 5 of 12 Pages

 

  1  

 

  NAME OF REPORTING PERSON

 

  SC CHINA HOLDING LIMITED (“SCC HOLD”)

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

  6     

  SHARED VOTING POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SCC HOLD is the General Partner of SC CV 2010 MGMT. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  7     

  SOLE DISPOSITIVE POWER

 

  0

  8     

  SHARED DISPOSITIVE POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SCC HOLD is the General Partner of SC CV 2010 MGMT. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  86,837,110

10    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.5%1

12    

  TYPE OF REPORTING PERSON

 

  OO

 

1 

Based on a total of 827,770,169 shares outstanding as of December 31, 2018, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2019.


CUSIP No. 69354V108    SCHEDULE 13G    Page 6 of 12 Pages

 

  1  

 

  NAME OF REPORTING PERSON

 

  URM MANAGEMENT LIMITED (“URM MGMT”)

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  CAYMAN ISLANDS

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

  6     

  SHARED VOTING POWER

 

  94,710

  7     

  SOLE DISPOSITIVE POWER

 

  0

  8     

  SHARED DISPOSITIVE POWER

 

  94,710

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  94,7101

10    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  Less than 0.1%2

12    

  TYPE OF REPORTING PERSON

 

  OO

 

1 

Represented by 18,942 American Depositary Shares.

2 

Based on a total of 827,770,169 shares outstanding as of December 31, 2018, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2019.


CUSIP No. 69354V108    SCHEDULE 13G    Page 7 of 12 Pages

 

  1  

 

  NAME OF REPORTING PERSON

 

  SNP CHINA ENTERPRISES LIMITED (“SNP”)

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  BRITISH VIRGIN ISLANDS

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  0

  6     

  SHARED VOTING POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SNP wholly owns SCC HOLD. SCC HOLD is the General Partner of SC CV 2010 MGMT. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  7     

  SOLE DISPOSITIVE POWER

 

  0

  8     

  SHARED DISPOSITIVE POWER

 

86,837,110 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO. SNP wholly owns SCC HOLD. SCC HOLD is the General Partner of SC CV 2010 MGMT. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  86,837,110

10    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.5%1

12    

  TYPE OF REPORTING PERSON

 

  OO

 

1 

Based on a total of 827,770,169 shares outstanding as of December 31, 2018, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2019.


CUSIP No. 69354V108    SCHEDULE 13G    Page 8 of 12 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  NEIL NANPENG SHEN (“NS”)

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  HONG KONG SAR

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

  12,162,480 shares1

  6     

  SHARED VOTING POWER

 

86,931,820 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO and 94,7102 shares are directly owned by URM MGMT. NS wholly owns each of SNP and URM MGMT. SNP wholly owns SCC HOLD. SCC HOLD is the General Partner of SC CV 2010 MGMT. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  7     

  SOLE DISPOSITIVE POWER

 

  12,162,480 shares

  8     

  SHARED DISPOSITIVE POWER

 

86,931,820 shares, of which 86,837,110 shares are directly owned by SC 2010 CV HOLDCO and 94,710 shares are directly owned by URM MGMT. NS wholly owns each of SNP and URM MGMT. SNP wholly owns SCC HOLD. SCC HOLD is the General Partner of SC CV 2010 MGMT. SC CV 2010 MGMT is the General Partner of SC CV 2010. SC CV 2010 wholly owns SC 2010 CV HOLDCO.

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  98,094,300 shares

10    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  12.0%3

12    

  TYPE OF REPORTING PERSON

 

  IN  

 

1 

Represented by 2,221,490 American Depositary Shares and 1,055,030 Ordinary Shares.

2 

Represented by 18,942 American Depositary Shares.

3 

Based on a total of 827,770,169 shares outstanding as of December 31, 2018, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2019.


CUSIP No. 69354V108    SCHEDULE 13G    Page 9 of 12 Pages

 

ITEM 1.

(a) Name of Issuer:

FinVolution Group

(b) Address of Issuer’s Principal Executive Offices:

Building G1, No. 999 Dangui Road

Pudong New District, Shanghai 201203

People’s Republic of China

 

ITEM 2.

(a) Name of Persons Filing:

Sequoia Capital 2010 CV Holdco, Ltd.

Sequoia Capital China Venture 2010 Fund, L.P.

SC China Venture 2010 Management, L.P.

SC China Holding Limited

URM Management Limited

SNP China Enterprises Limited

Neil Nanpeng Shen

SC 2010 HOLDCO is wholly owned by SC CV 2010. The General Partner of SC CV 2010 is SC CV 2010 MGMT. The General Partner of SC CV 2010 MGMT is SCC HOLD. SCC HOLD is wholly owned by SNP. NS wholly owns each of SNP and URM MGMT.

(b) Address of Principal Business Office or, if none, Residence:

2800 Sand Hill Road, Suite 101

Menlo Park, CA 94025

(c) Citizenship:

SC 2010 CV HOLDCO, SC CV 2010, SC CV 2010 MGMT, SCC HOLD, URM MGMT: Cayman Islands

SNP: British Virgin Islands

NS: Hong Kong SAR

(d) CUSIP Number:

69354V108

 

ITEM 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

NOT APPLICABLE

 

ITEM 4.

OWNERSHIP

SEE ROWS 5 THROUGH 11 OF COVER PAGES

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐.


CUSIP No. 69354V108    SCHEDULE 13G    Page 10 of 12 Pages

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

NOT APPLICABLE

 

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

NOT APPLICABLE

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

NOT APPLICABLE

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP.

NOT APPLICABLE

 

ITEM 10.

CERTIFICATION

NOT APPLICABLE


CUSIP No. 69354V108    SCHEDULE 13G    Page 11 of 12 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2020

 

Sequoia Capital 2010 CV Holdco, Ltd.
By:   Sequoia Capital China Venture 2010 Fund, L.P.
  its Sole Member
By:   SC China Venture 2010 Management, L.P.
  its General Partner
By:   SC China Holding Limited
  its General Partner
By:  

/s/ Neil Nanpeng Shen

  Neil Nanpeng Shen, Authorized Signatory
Sequoia Capital China Venture 2010 Fund, L.P.
By:   SC China Venture 2010 Management, L.P.
  its General Partner
By:   SC China Holding Limited
  its General Partner
By:  

/s/ Neil Nanpeng Shen

  Neil Nanpeng Shen, Authorized Signatory
SC China Venture 2010 Management, L.P.
By:   SC China Holding Limited
  its General Partner
By:  

/s/ Neil Nanpeng Shen

  Neil Nanpeng Shen, Authorized Signatory
SC China Holding Limited
By:  

/s/ Neil Nanpeng Shen

  Neil Nanpeng Shen, Authorized Signatory
URM Management Limited
By:  

/s/ Neil Nanpeng Shen

  Neil Nanpeng Shen, Authorized Signatory


CUSIP No. 69354V108    SCHEDULE 13G    Page 12 of 12 Pages

 

SNP China Enterprises Limited
By:  

/s/ Neil Nanpeng Shen

  Neil Nanpeng Shen
Neil Nanpeng Shen
 

/s/ Neil Nanpeng Shen

  Neil Nanpeng Shen