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
111 INC ADS 68247Q102 7,599 836,440 SH   OTR 1 836,440 0 0
360 DIGITECH INC AMERICAN DEP 88557W101 154,792 3,699,622 SH   OTR 1 3,699,622 0 0
AGORA INC ADS 00851L103 6,294 150,000 SH   OTR 1 150,000 0 0
AIHUISHOU INTL CO LTD SPONSORED ADS 00138L108 7,849 525,000 SH   OTR 1 525,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 15,792 69,637 SH   OTR 2 0 0 69,637
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 8,823 38,904 SH   SOLE 0 38,904 0 0
ALPHABET INC CAP STK CL A 02079K305 63,333 25,937 SH   OTR 1 25,937 0 0
AMAZON COM INC COM 023135106 12,508 3,636 SH   OTR 1 3,636 0 0
BILIBILI INC SPONS ADS REP Z 090040106 26,963 221,298 SH   OTR 1 221,298 0 0
BILIBILI INC SPONS ADS REP Z 090040106 17,940 147,241 SH   OTR 2 147,241 0 0
BILIBILI INC SPONS ADS REP Z 090040106 18,191 149,300 SH   OTR 2 0 0 149,300
BILIBILI INC SPONS ADS REP Z 090040106 7,518 61,700 SH   SOLE 0 61,700 0 0
CARVANA CO CL A 146869102 23,190 76,833 SH   OTR 1 76,833 0 0
CONCORD MED SVCS HLDGS LTD SPON ADR CL A 206277105 50 17,482 SH   OTR 1 17,482 0 0
DOORDASH INC CL A 25809K105 98,619 553,012 SH   OTR 1 553,012 0 0
FACEBOOK INC CL A 30303M102 427,203 1,228,620 SH   OTR 1 1,228,620 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108 5,299 260,000 SH   OTR 1 260,000 0 0
FUTU HLDGS LTD SPON ADS CL A 36118L106 8,277 46,216 SH   OTR 2 46,216 0 0
GAOTU TECHEDU INC SPONSORED ADS 36257Y109 1,536 104,000 SH   OTR 1 104,000 0 0
GAOTU TECHEDU INC SPONSORED ADS 36257Y109 1,758 119,000 SH   SOLE 0 119,000 0 0
JD.COM INC SPON ADR CL A 47215P106 35,867 449,400 SH   OTR 1 449,400 0 0
JD.COM INC SPON ADR CL A 47215P106 11,155 139,775 SH   OTR 2 139,775 0 0
JD.COM INC SPON ADR CL A 47215P106 13,248 166,000 SH   OTR 2 0 0 166,000
JOYY INC ADS REPSTG COM A 46591M109 22,496 341,000 SH   OTR 1 341,000 0 0
KANZHUN LIMITED SPONSORED ADS 48553T106 28,153 710,050 SH   OTR 1 710,050 0 0
KANZHUN LIMITED SPONSORED ADS 48553T106 4,302 108,500 SH   OTR 2 108,500 0 0
LI AUTO INC SPONSORED ADS 50202M102 17,945 513,600 SH   OTR 1 513,600 0 0
LI AUTO INC SPONSORED ADS 50202M102 12,998 372,000 SH   OTR 2 372,000 0 0
MICROSOFT CORP COM 594918104 115,406 426,011 SH   OTR 1 426,011 0 0
NETEASE INC SPONSORED ADS 64110W102 252,699 2,192,620 SH   OTR 1 2,192,620 0 0
NETEASE INC SPONSORED ADS 64110W102 2,983 25,880 SH   OTR 2 25,880 0 0
NETEASE INC SPONSORED ADS 64110W102 15,233 132,170 SH   OTR 2 0 0 132,170
NETEASE INC SPONSORED ADS 64110W102 12,263 106,400 SH   SOLE 0 106,400 0 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581107 5,797 707,820 SH   OTR 1 707,820 0 0
NVIDIA CORPORATION COM 67066G104 7,472 9,339 SH   OTR 1 9,339 0 0
PINDUODUO INC SPONSORED ADS 722304102 274,451 2,160,695 SH   OTR 1 2,160,695 0 0
PINDUODUO INC SPONSORED ADS 722304102 9,546 75,152 SH   OTR 2 75,152 0 0
PINDUODUO INC SPONSORED ADS 722304102 29,805 234,650 SH   OTR 2 0 0 234,650
PINDUODUO INC SPONSORED ADS 722304102 18,735 147,500 SH   SOLE 0 147,500 0 0
QUDIAN INC ADR 747798106 13,189 5,472,601 SH   OTR 1 5,472,601 0 0
SEA LTD SPONSORD ADS 81141R100 577,442 2,102,846 SH   OTR 1 2,102,846 0 0
SEA LTD SPONSORD ADS 81141R100 20,051 73,020 SH   OTR 2 0 0 73,020
SEA LTD SPONSORD ADS 81141R100 9,443 34,390 SH   SOLE 0 34,390 0 0
SERVICENOW INC COM 81762P102 9,319 16,958 SH   OTR 1 16,958 0 0
SNOWFLAKE INC CL A 833445109 10,760 44,500 SH   OTR 1 44,500 0 0
SO YOUNG INTERNATIONAL INC SPONSORED ADS 83356Q108 11,988 1,247,483 SH   OTR 1 1,247,483 0 0
SQUARE INC CL A 852234103 28,034 114,989 SH   OTR 1 114,989 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 27,216 226,500 SH   OTR 1 226,500 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 15,289 606,000 SH   OTR 1 606,000 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 3,687 146,150 SH   OTR 2 0 0 146,150
TAL EDUCATION GROUP SPONSORED ADS 874080104 4,331 171,650 SH   SOLE 0 171,650 0 0
UBER TECHNOLOGIES INC COM 90353T100 7,145 142,556 SH   OTR 1 142,556 0 0
VIPSHOP HOLDINGS LIMITED SPONSORED ADS A 92763W103 12,068 601,000 SH   OTR 1 601,000 0 0
WYNN RESORTS LTD COM 983134107 5,230 42,765 SH   OTR 1 42,765 0 0
X FINL SPONSORED ADS 98372W202 4,297 315,728 SH   OTR 1 315,728 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 267,165 8,802,817 SH   OTR 1 8,802,817 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 20,035 660,139 SH   OTR 2 0 0 660,139
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 8,583 282,806 SH   SOLE 0 282,806 0 0