SCHEDULE 13G 0001483503 XXXXXXXX LIVE Class A Ordinary Share, par value of US$0.00001 per share 11/09/2018 0001743971 MOGU Inc. 608012308 MINGQI CENTER, 8/F, BUILDING NO. 1, NO. 666 ZHENHUA ROAD, XIHU DISTRICT, HANGZHOU F4 310012 Rule 13d-1(b) TB Alternative Assets Ltd E9 206730009 0 206730009 0 206730009 N 8.39 IA Item 5 and 7: Number of shares beneficially owned as of 31 Dec 2024. Including 689,100 American Depositary Shares ("ADSs"), and 9 shares of Class A Ordinary Shares that are not tradable in the market. Item 11: Calculation is based on 2,464,803,304 outstanding ordinary shares for all classes as of 31 Dec 2024. Note: There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 608012308 has been assigned to the American Depositary Shares ("ADSs") of the Issuer, which are quoted on the New York Stock Exchange under the symbol "MOGU." Each ADS represents 300 Class A Ordinary Shares. MOGU Inc. Mingqi Center, 8/F, Building No. 1, No. 666 Zhenhua Road, Xihu District, Hangzhou, 310012, People's Republic of China TB Alternative Assets Ltd This statement is filed by TB Alternative Assets Ltd, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, with respect to the portion of Class A Ordinary Shares (as defined by 2(d) below) held by Trustbridge Partners IV LP, a Cayman registered private equity fund. TB Alternative Assets Ltd acts as the investment adviser of the investment manager of Trustbridge Partners IV LP. c/o Maples Corporate Services Limited, Ugland House, Grand Cayman, Cayman Islands, KY1-1104 Cayman Islands N IA Amount beneficially owned: 206,730,009 (Includes 689,100 American Depositary Shares ("ADSs"), and 9 shares of Class A Ordinary Shares that are not tradable in the market.) 8.39 206,730,009 0 206,730,009 0 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. TB Alternative Assets Ltd /s/ Shujun Li 02/06/2025