0001193125-19-039395.txt : 20190214 0001193125-19-039395.hdr.sgml : 20190214 20190214082833 ACCESSION NUMBER: 0001193125-19-039395 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190214 DATE AS OF CHANGE: 20190214 GROUP MEMBERS: HIGHLAND CAPITAL PARTNERS 9-B LIMITED PARTNERSHIP GROUP MEMBERS: HIGHLAND ENTREPRENEURS' FUND 9 LIMITED PARTNERSHIP GROUP MEMBERS: HIGHLAND MANAGEMENT PARTNERS 9 LIMITED PARTNERSHIP GROUP MEMBERS: HIGHLAND MANAGEMENT PARTNERS 9, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Tuanche Limited/ADR CENTRAL INDEX KEY: 0001756161 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90895 FILM NUMBER: 19600987 BUSINESS ADDRESS: STREET 1: 120 BROADWAY STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10271 BUSINESS PHONE: 212-238-3128 MAIL ADDRESS: STREET 1: 120 BROADWAY STREET 2: 32ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10271 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Highland Entrepreneurs' Fund 9 Limited Partnership CENTRAL INDEX KEY: 0001574027 IRS NUMBER: 462483168 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE BROADWAY STREET 2: 16TH FLOOR CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 617-401-4500 MAIL ADDRESS: STREET 1: ONE BROADWAY STREET 2: 16TH FLOOR CITY: CAMBRIDGE STATE: MA ZIP: 02142 SC 13G 1 d695692dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

TUANCHE LIMITED

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

89856T104**

(CUSIP Number)

TuanChe Limited,

9F, Ruihai Building, No. 21 Yangfangdian Road, Haidian District, Beijing 100038, People’s Republic of China

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 31, 2018

(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 disclosures provided in a prior cover page.

 

**

There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 89856T104 has been assigned to the American Depositary Shares (“ADSs”) of the Company, which are quoted on the Nasdaq Capital Market under the symbol “TC.” Each ADS represents 4 Class A Ordinary Shares.

The information required on 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. 89856T104    13G    Page 2 of 14

 

  1.   

NAMES OF REPORTING PERSONS

 

Highland Capital Partners 9 Limited Partnership

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     5.    

SOLE VOTING POWER

 

0

     6.   

SHARED VOTING POWER

 

20,201,289 (1)

     7.   

SOLE DISPOSITIVE POWER

 

0

     8.   

SHARED DISPOSITIVE POWER

 

20,201,289 (1)

  9.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

20,201,289 (1)

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)  ☐

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

7.8% (2)

12.  

TYPE OF REPORTING PERSON (see instructions)

 

PN

 

(1)

Represents ownership of Class A Ordinary Shares through American Depository Shares (“ADS”).

(2)

The percentage is based upon 259,836,223 Class A Ordinary Shares of the Issuer outstanding as reported by the Issuer in its final prospectus dated November 19, 2018.


CUSIP No. 89856T104    13G    Page 3 of 14

 

  1.   

NAMES OF REPORTING PERSONS

 

Highland Capital Partners 9-B Limited Partnership

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     5.    

SOLE VOTING POWER

 

0

     6.   

SHARED VOTING POWER

 

8,701,504 (1)

     7.   

SOLE DISPOSITIVE POWER

 

0

     8.   

SHARED DISPOSITIVE POWER

 

8,701,504 (1)

  9.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,701,504 (1)

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)  ☐

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

3.3%

12.  

TYPE OF REPORTING PERSON (see instructions)

 

PN

 

(1)

Represents ownership of Class A Ordinary Shares through ADSs.

(2)

The percentage is based upon 259,836,223 Class A Ordinary Shares of the Issuer outstanding as reported by the Issuer in its final prospectus dated November 19, 2018.


CUSIP No. 89856T104    13G    Page 4 of 14

 

  1.   

NAMES OF REPORTING PERSONS

 

Highland Entrepreneurs’ Fund 9 Limited Partnership

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     5.    

SOLE VOTING POWER

 

0

     6.   

SHARED VOTING POWER

 

1,763,300 (1)

     7.   

SOLE DISPOSITIVE POWER

 

0

     8.   

SHARED DISPOSITIVE POWER

 

1,763,300 (1)

  9.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,763,300 (1)

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)  ☐

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.7%

12.  

TYPE OF REPORTING PERSON (see instructions)

 

PN

 

(1)

Represents ownership of Class A Ordinary Shares through ADSs.

(2)

The percentage is based upon 259,836,223 Class A Ordinary Shares of the Issuer outstanding as reported by the Issuer in its final prospectus dated November 19, 2018.


CUSIP No. 89856T104    13G    Page 5 of 14

 

  1.   

NAMES OF REPORTING PERSONS

 

Highland Management Partners 9 Limited Partnership

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     5.    

SOLE VOTING POWER

 

0

     6.   

SHARED VOTING POWER

 

30,666,093 (1)

     7.   

SOLE DISPOSITIVE POWER

 

0

     8.   

SHARED DISPOSITIVE POWER

 

30,666,093 (1)

  9.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

30,666,093 (1)

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)  ☐

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

11.8% (2)

12.  

TYPE OF REPORTING PERSON (see instructions)

 

PN

 

(1)

Represents ownership of Class A Ordinary Shares through ADSs.

(2)

The percentage is based upon 259,836,223 Class A Ordinary Shares of the Issuer outstanding as reported by the Issuer in its final prospectus dated November 19, 2018.


CUSIP No. 89856T104    13G    Page 6 of 14

 

  1.   

NAMES OF REPORTING PERSONS

 

Highland Management Partners 9, LLC

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC USE ONLY

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     5.    

SOLE VOTING POWER

 

0

     6.   

SHARED VOTING POWER

 

30,666,093 (1)

     7.   

SOLE DISPOSITIVE POWER

 

0

     8.   

SHARED DISPOSITIVE POWER

 

30,666,093 (1)

  9.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

30,666,093 (1)

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)  ☐

 

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

11.8% (2)

12.  

TYPE OF REPORTING PERSON (see instructions)

 

OO

 

(1)

Represents ownership of Class A Ordinary Shares through ADSs.

(2)

The percentage is based upon 259,836,223 Class A Ordinary Shares of the Issuer outstanding as reported by the Issuer in its final prospectus dated November 19, 2018.


CUSIP No. 89856T104    13G    Page 7 of 14

 

Item 1.

 

  (a)

Name of Issuer

 

      

TuanChe Limited

 

  (b)

Address of Issuer’s Principal Executive Offices

 

      

9F, Ruihai Building, No. 21 Yangfangdian Road

      

Heidian District

      

Beijing 100038

      

People’s Republic of China

 

Item 2.

 

  (a)

Name of Person Filing

This Statement on Schedule 13G is being filed on behalf of:

 

  (i)

Highland Capital Partners 9 Limited Partnership, a Delaware limited partnership (“HCP 9”);

 

  (ii)

Highland Capital Partners 9-B Limited Partnership, a Delaware limited partnership (“HCP 9-B”);

 

  (iii)

Highland Entrepreneurs’ Fund 9 Limited Partnership, a Delaware limited partnership (“HEF 9” and together with HCP 9 and HCP 9-B, the “Highland Funds”);

 

  (iv)

Highland Management Partners 9 Limited Partnership, a Delaware limited partnership (“HMP 9”), the general manager of each of the Highland Funds; and

 

  (v)

Highland Management Partners 9 LLC, a Delaware limited liability company (“Highland Management”) the general partner of HMP 9.

 

  (b)

Address of Principal Business Office

c/o Highland Capital Partners

One Broadway, 16th Floor

Cambridge, Massachusetts 02142

 

  (c)

Citizenship

 

HCP 9

   Delaware

HCP 9-B

   Delaware

HEF 9

   Delaware

HMP 9

   Delaware

Highland Management

   Delaware

 

  (d)

Title of Class of Securities

Class A Ordinary Shares, par value $0.0001 per share

 

  (d)

CUSIP Number 89856T104

There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 89856T104 has been assigned to the American Depositary Shares (“ADSs”) of the Company, which are quoted on the Nasdaq Capital Market under the symbol “TC.” Each ADS represents 4 Class A Ordinary Shares.

 

Item 3.

Not Applicable


CUSIP No. 89856T104    13G    Page 8 of 14

 

Item 4.

Ownership.

 

  (a) and (b)

    Amount beneficially owned:

 

  (i)

HCP 9 directly owns 20,201,289 Class A Ordinary Shares (the “HCP 9 Shares”), which represents approximately 7.8% of the outstanding Class A Ordinary Shares.

 

  (ii)

HCP 9-B directly owns 8,701,504 Class A Ordinary Shares (the “HCP 9-B Shares”), which represents approximately 3.3% of the outstanding Class A Ordinary Shares.

 

  (iii)

HEF 9 directly owns 1,763,300 Class A Ordinary Shares (the “HEF 9 Shares” and together with the HCP 9 Shares and the HCP 9-B Shares, the “HCP Shares”), which represents approximately 0.7% of the outstanding Class A Ordinary Shares.

 

  (iv)

HMP 9 is the general partner of each of the Highland Funds and may be deemed to beneficially own the HCP Shares.

 

  (v)

Highland Management is the general partner of HMP 9 and may be deemed to beneficially own the HCP Shares.

 

  (c)

Number of shares as to which such person has:

 

     Number of Class A Ordinary Shares  

Reporting Person

   (i)      (ii)      (iii)      (iv)  

HCP 9

     0        20,201,289        0        20,201,289  

HCP 9-B

     0        8,701,504        0        8,701,504  

HEF 9

     0        1,763,300        0        1,763,300  

HMP 9

     0        30,666,093        0        30,666,093  

Highland Management

     0        30,666,093        0        30,666,093  

 

    (i)

Sole power to vote or direct the vote

 

    (ii)

Shared power to vote or to direct the vote

 

    (iii)

Sole power to dispose or to direct the disposition of

 

    (iv)

Shared power to dispose or to direct the disposition of

The percentage of class is based upon 259,836,223 Class A Ordinary Shares of the Issuer outstanding as reported by the Issuer in its final prospectus dated November 19, 2018.

 

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 5 percent of the class of securities, check the following  ☐ .

 

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.


CUSIP No. 89856T104    13G    Page 9 of 14

 

Item 9.

Notice of Dissolution of Group

Not Applicable

 

Item 10.

Certification

Not Applicable


CUSIP No. 89856T104    13G    Page 10 of 14

 

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. We also hereby agree to file this statement jointly pursuant to the agreement set forth as Exhibit 1.

 

Highland Capital Partners 9 Limited Partnership

By:   Highland Management Partners 9 Limited Partnership, its General Partner
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager

 

Highland Capital Partners 9-B Limited Partnership
By:   Highland Management Partners 9 Limited Partnership, its General Partner
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager

 

Highland Entrepreneurs’ Fund 9 Limited Partnership
By:   Highland Management Partners 9 Limited Partnership, its General Partner
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager

 

Highland Management Partners 9 Limited Partnership
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager


CUSIP No. 89856T104    13G    Page 11 of 14

 

Highland Management Partners 9, LLC

          

By:    

  /s/ Jessica Healey
    Authorized Manager


CUSIP No. 89856T104    13G    Page 12 of 14

 

EXHIBIT INDEX

 

Exhibit 1.

Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

EX-99.1 2 d695692dex991.htm EX-99.1 EX-99.1
CUSIP No. 89856T104    13G    Page 13 of 14

 

Exhibit 1

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of Class A Ordinary Shares of TuanChe Limited.

 

               February 14, 2019
  Date

 

Highland Capital Partners 9 Limited Partnership

By:   Highland Management Partners 9 Limited Partnership, its General Partner
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager

 

Highland Capital Partners 9-B Limited Partnership
By:   Highland Management Partners 9 Limited Partnership, its General Partner
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager

 

Highland Entrepreneurs’ Fund 9 Limited Partnership
By:   Highland Management Partners 9 Limited Partnership, its General Partner
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager

 

Highland Management Partners 9 Limited Partnership
By:   Highland Management Partners 9, LLC, its General Partner
          

By:    

  /s/ Jessica Healey
    Authorized Manager


CUSIP No. 89856T104    13G    Page 14 of 14

 

Highland Management Partners 9, LLC

          

By:    

  /s/ Jessica Healey
    Authorized Manager