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 ADS 00851L103   4,344,000 1,200,000 SH   SOLE   1,200,000 0 0
Alibaba Group Hldg Ltd SPONSORED ADS 01609W102   102,180,000 1,000,000 SH   SOLE   1,000,000 0 0
Baidu Inc SPON ADR REP A 056752108   37,730,000 250,000 SH   SOLE   250,000 0 0
Full Truck Alliance Co Ltd SPONSORED ADS 35969L108   57,422,343 7,545,643 SH   SOLE   7,545,643 0 0
Ke Hldgs Inc SPONSORED ADS 482497104   188,400,000 10,000,000 SH   SOLE   10,000,000 0 0
PDD Holdings Inc SPONSORED ADS 722304102   13,282,500 175,000 SH   SOLE   175,000 0 0
ProShares Tr ULTRAPRO SHT QQQ 74347G432   5,329,838 181,534 SH   SOLE   181,534 0 0
Tuniu Corp SPONSORED ADS 89977P106   4,479,389 2,395,395 SH   SOLE   2,395,395 0 0
ZTO Express Cayman Inc SPONSORED ADS A 98980A105   27,943,500 975,000 SH   SOLE   975,000 0 0
iQIYI Inc SPONSORED ADS 46267X108   64,317,708 8,834,850 SH   SOLE   8,834,850 0 0