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 3,187 501,852 SH   SOLE   501,852 0 0
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609W102 658,080 3,050,904 SH   SOLE   3,050,904 0 0
ALPHABET INC CAP STK CL A 02079K305 29,997 21,154 SH   SOLE   21,154 0 0
AMAZON.COM INC COM 023135106 1,297 470 SH   SOLE   470 0 0
ATHENEX INC COM 04685N103 6,859 498,510 SH   SOLE   498,510 0 0
BILIBILI INC SPONS ADS REP Z 090040106 98,583 2,128,308 SH   SOLE   2,128,308 0 0
BURNING ROCK BIOTECH LTD SPONSORED ADS 12233L107 3,363 124,510 SH   SOLE   124,510 0 0
CONCORD MEDICAL SERVICES HOLDI SPON ADR CL A 206277105 187 113,549 SH   SOLE   113,549 0 0
FACEBOOK INC CL A 30303M102 418,665 1,843,770 SH   SOLE   1,843,770 0 0
HUTCHISON CHINA MEDITECH LTD SPONSORED ADR 44842L103 15,780 572,169 SH   SOLE   572,169 0 0
JD.COM INC SPON ADR CL A 47215P106 358,301 5,953,820 SH   SOLE   5,953,820 0 0
MICROSOFT CORP COM 594918104 114,724 563,725 SH   SOLE   563,725 0 0
NETEASE INC SPONSORED ADS 64110W102 117,174 272,891 SH   SOLE   272,891 0 0
NEW ORIENTAL EDUCATION & TECHN SPON ADR 647581107 168,678 1,295,229 SH   SOLE   1,295,229 0 0
NVIDIA CORP COM 67066G104 3,875 10,200 SH   SOLE   10,200 0 0
ONESMART INTERNATIONAL EDUCATI SPONSORED ADS 68276W103 2,875 731,483 SH   SOLE   731,483 0 0
PINDUODUO INC SPONSORED ADS 722304102 526,834 6,137,396 SH   SOLE   6,137,396 0 0
PUXIN LTD ADS 74704P108 3,942 764,000 SH   SOLE   764,000 0 0
QUDIAN INC ADR 747798106 9,303 5,472,601 SH   SOLE   5,472,601 0 0
SALESFORCE.COM INC COM 79466L302 974 5,201 SH   SOLE   5,201 0 0
SEA LTD SPONSORED ADS 81141R100 170,813 1,592,813 SH   SOLE   1,592,813 0 0
SERVICENOW INC COM 81762P102 3,263 8,055 SH   SOLE   8,055 0 0
SO-YOUNG INTERNATIONAL INC SPONSORED ADS 83356Q108 537 39,550 SH   SOLE   39,550 0 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 174,027 2,544,998 SH   SOLE   2,544,998 0 0
UBER TECHNOLOGIES INC COM 90353T100 5,911 190,200 SH   SOLE   190,200 0 0
VIPSHOP HOLDINGS LTD SPONSORED ADS A 92763W103 157,711 7,921,207 SH   SOLE   7,921,207 0 0
X FINANCIAL SPONSORED ADS 98372W103 852 947,185 SH   SOLE   947,185 0 0
YOUDAO INC SPONSORED ADS 98741T104 38,511 1,026,969 SH   SOLE   1,026,969 0 0
ZAI LAB LTD ADR 98887Q104 6,436 78,365 SH   SOLE   78,365 0 0
ZOOM VIDEO COMMUNICATIONS INC CL A 98980L101 1,357 5,354 SH   SOLE   5,354 0 0
ZTO EXPRESS CAYMAN INC SPONSORED ADS A 98980A105 378,650 10,314,631 SH   SOLE   10,314,631 0 0
ACM RESEARCH INC-CLASS A COM CL A 00108J109 2,749 44,088 SH   SOLE   44,088 0 0
BAIDU INC - SPON ADR SPON ADR REP A 056752108 7,508 62,625 SH   SOLE   62,625 0 0
DAQO NEW ENERGY CORP-ADR SPNSRD ADR NEW 23703Q203 2,412 32,486 SH   SOLE   32,486 0 0
IQIYI INC-ADR SPONSORED ADS 46267X108 19,141 825,390 SH   SOLE   825,390 0 0
SYSCO CORP COM 871829107 1,176 21,520 SH   SOLE   21,520 0 0
TRIP.COM GROUP LTD-ADR ADS 89677Q107 3,105 119,800 SH   SOLE   119,800 0 0
TESLA INC COM 88160R101 44,901 41,582 SH   SOLE   41,582 0 0
YUM CHINA HOLDINGS INC COM 98850P109 625 13,000 SH   SOLE   13,000 0 0