SC 13G/A 1 tm2427620d9_sc13ga.htm SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

QuantaSing Group Limited

(Name of Issuer)

 

Class A ordinary shares, US$0.0001 par value per share

(Title of Class of Securities)

 

74767N107**

(CUSIP Number)

 

September 30, 2024

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨

¨

x

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 the disclosures provided in a prior cover page.

 

** This CUSIP number applies to the American Depositary Shares (“ADSs”) of the Issuer, which are quoted on The Nasdaq Global Market under the symbol “QSG.” Each ADS represents three Class A ordinary shares, par value US$0.0001 per share, of the Issuer. No CUSIP number has been assigned to the Class A Ordinary Shares of the Issuer.

 

The information required in 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.   74767N107**
1.

Names of Reporting Persons

GGV Discovery I, L.P.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1) 

3. SEC Use Only
4.

Citizenship or Place of Organization

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

8,257,686 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,257,686 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,257,686 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

5.4% of Ordinary Shares (8.0% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

PN

       

(1)This Schedule 13G is filed by GGV Discovery I, L.P., GGV Capital VI Entrepreneurs Fund L.P., GGV Discovery I L.L.C., GGV Capital VI Entrepreneurs Fund L.L.C., Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards, and Hans Tung (collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of 8,257,686 Class A ordinary shares represented by 2,752,562 American Depositary Shares (“ADS”) held by GGV Discovery I, L.P. GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. As such, GGV Discovery I L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. GGV Discovery I L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards, and Hans Tung are Managing Directors of GGV Discovery I L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

2 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

GGV Discovery I L.L.C.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1) 

3. SEC Use Only
4.

Citizenship or Place of Organization

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

8,257,686 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,257,686 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,257,686 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

5.4% of Ordinary Shares (8.0% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

OO

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of 8,257,686 Class A ordinary shares represented by 2,752,562 ADS held by GGV Discovery I, L.P. GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. As such, GGV Discovery I L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. GGV Discovery I L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Discovery I L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

3 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

GGV Capital VI Entrepreneurs Fund L.P.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

356,091 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

356,091 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

356,091 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

0.2% of Ordinary Shares (0.3% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

PN

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of 356,091 Class A ordinary shares represented by 118,697 ADS held by GGV Capital VI Entrepreneurs Fund L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. As such, GGV Capital VI Entrepreneurs Fund L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital VI Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital VI Entrepreneurs Fund L.P. GGV Capital VI Entrepreneurs Fund L.L.C. owns no securities of the Issuer directly. Jixun Foo, Jenny Hongwei Lee, Jeffrey Gordon Richards, Glenn Brian Solomon and Hans Tung, are Managing Directors of GGV Capital VI Entrepreneurs Fund L.L.C. As such, Jixun Foo, Jenny Hongwei Lee, Jeffrey Gordon Richards, Glenn Brian Solomon and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital VI Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Jenny Hongwei Lee, Jeffrey Gordon Richards, Glenn Brian Solomon and Hans Tung own no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

4 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

GGV Capital VI Entrepreneurs Fund L.L.C.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

356,091 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

356,091 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

356,091 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

0.2% of Ordinary Shares (0.3% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

OO

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of 356,091 Class A ordinary shares represented by 118,697 ADS held by GGV Capital VI Entrepreneurs Fund L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. As such, GGV Capital VI Entrepreneurs Fund L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital VI Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital VI Entrepreneurs Fund L.P. GGV Capital VI Entrepreneurs Fund L.L.C. owns no securities of the Issuer directly. Jixun Foo, Jenny Hongwei Lee, Jeffrey Gordon Richards, Glenn Brian Solomon and Hans Tung, are Managing Directors of GGV Capital VI Entrepreneurs Fund L.L.C. As such, Jixun Foo, Jenny Hongwei Lee, Jeffrey Gordon Richards, Glenn Brian Solomon and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital VI Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Jenny Hongwei Lee, Jeffrey Gordon Richards, Glenn Brian Solomon and Hans Tung own no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

5 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

Jixun Foo

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

Singapore

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

8,613,777 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,613,777 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,613,777 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

5.6% of Ordinary Shares (8.3% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

IN

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 8,257,686 Class A ordinary shares represented by 2,752,562 ADS held by GGV Discovery I, L.P and (ii) 356,091 Class A ordinary shares represented by 118,697 ADS held by GGV Capital VI Entrepreneurs Fund L.P. GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Discovery I L.L.C. and GGV Capital VI Entrepreneurs Fund L.L.C. As such, Jixun Foo has shared power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P., and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo owns no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

6 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

Glenn Solomon

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

8,613,777 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,613,777 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,613,777 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

5.6% of Ordinary Shares (8.3% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

IN

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 8,257,686 Class A ordinary shares represented by 2,752,562 ADS held by GGV Discovery I, L.P and (ii) 356,091 Class A ordinary shares represented by 118,697 ADS held by GGV Capital VI Entrepreneurs Fund L.P. GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Discovery I L.L.C. and GGV Capital VI Entrepreneurs Fund L.L.C. As such, Glenn Solomon has shared power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P., and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P. Glenn Solomon owns no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

7 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

Jenny Hong Wei Lee

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

Singapore

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

8,613,777 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,613,777 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,613,777 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

5.6% of Ordinary Shares (8.3% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

IN

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 8,257,686 Class A ordinary shares represented by 2,752,562 ADS held by GGV Discovery I, L.P and (ii) 356,091 Class A ordinary shares represented by 118,697 ADS held by GGV Capital VI Entrepreneurs Fund L.P. GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Discovery I L.L.C. and GGV Capital VI Entrepreneurs Fund L.L.C. As such, Jenny Hong Wei Lee has shared power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P., and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P. Jenny Hong Wei Lee owns no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

8 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

Jeffrey Gordon Richards

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

8,613,777 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,613,777 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,613,777 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

5.6% of Ordinary Shares (8.3% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

IN

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 8,257,686 Class A ordinary shares represented by 2,752,562 ADS held by GGV Discovery I, L.P and (ii) 356,091 Class A ordinary shares represented by 118,697 ADS held by GGV Capital VI Entrepreneurs Fund L.P. GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Discovery I L.L.C. and GGV Capital VI Entrepreneurs Fund L.L.C. As such, Jeffrey Gordon Richards has shared power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P., and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P. Jeffrey Gordon Richards owns no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

9 

 

 

CUSIP No.   74767N107**
1.

Names of Reporting Persons

Hans Tung

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨    (b) x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

5.

Sole Voting Power

 

6.

Shared Voting Power

8,613,777 (2)

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power

8,613,777 (2)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

8,613,777 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

5.6% of Ordinary Shares (8.3% of Class A Ordinary Shares) (3)

12.

Type of Reporting Person (See Instructions)

IN

       

(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 8,257,686 Class A ordinary shares represented by 2,752,562 ADS held by GGV Discovery I, L.P and (ii) 356,091 Class A ordinary shares represented by 118,697 ADS held by GGV Capital VI Entrepreneurs Fund L.P. GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Discovery I L.L.C. and GGV Capital VI Entrepreneurs Fund L.L.C. As such, Hans Tung has shared power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P., and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P. Hans Tung owns no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

10 

 

 

Item 1.
  (a)

Name of Issuer

QuantaSing Group Limited

  (b)

Address of Issuer’s Principal Executive Offices

2/F, Building D, Ronsin Technology Center

Chaoyang District, Beijing 100102

People’s Republic of China

 
Item 2.
  (a)

Name of Person Filing

GGV Discovery I, L.P.

GGV Capital VI Entrepreneurs Fund L.P.

GGV Discovery I L.L.C.

GGV Capital VI Entrepreneurs Fund L.L.C.

Jixun Foo

Glenn Solomon

Jenny Hong Wei Lee

Jeffrey Gordon Richards

Hans Tung

  (b)

Address of Principal Business Office or, if none, Residence

GGV Capital

3000 Sand Hill Road, Suite 4-230

Menlo Park, California 94025

United States of America

                        (c)       Citizenship

    Name  Citizenship or Place of Organization
    GGV Discovery I, L.P.  Cayman Islands
    GGV Capital VI Entrepreneurs Fund L.P.  Cayman Islands
    GGV Discovery I L.L.C.  Cayman Islands
    GGV Capital VI Entrepreneurs Fund L.L.C.  Cayman Islands
    Jixun Foo  Singapore
    Glenn Solomon  United States of America
    Jenny Hong Wei Lee  Singapore
    Jeffrey Gordon Richards  United States of America
    Hans Tung  United States of America

 

  (d)

Title of Class of Securities

Class A ordinary shares, US$0.0001 par value per share

  (e)

CUSIP Number

74767N107**

 

** This CUSIP number applies to the American Depositary Shares (“ADS”) of the Issuer, which are quoted on The Nasdaq Global Market under the symbol “QSG.” Each ADS represents three Class A ordinary shares, par value US$0.0001 per share, of the Issuer. No CUSIP number has been assigned to the Class A Ordinary Shares of the Issuer.

 

11 

 

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  Not applicable

  

Item 4. Ownership

  The following information regarding the aggregate number and percentage of the Class A Ordinary Shares of the Issuer identified in Item 1 is provided as of September 30, 2024:

 

Reporting Persons  Shares Held
Directly (1)
  

Shared
Voting
Power

   Shared
Dispositive
Power
   Beneficial
Ownership
   Percentage
of Total
Ordinary
Shares (3)
   Percentage
of Class A
Ordinary
Shares (3)
 
GGV Discovery I L.P.   8,257,686    8,257,686    8,257,686    8,257,686    5.4%   8.0%
GGV Capital VI Entrepreneurs Fund L.P.   356,091    356,091    356,091    356,091    0.2%   0.3%
GGV Discovery I L.L.C. (2)   0    8,257,686    8,257,686    8,257,686    5.4%   8.0%
GGV Capital VI Entrepreneurs Fund L.L.C (2).   0    356,091    356,091    356,091    0.2%   0.3%
Jixun Foo (2)   0    8,613,777    8,613,777    8,613,777    5.6%   8.3%
Glenn Solomon (2)   0    8,613,777    8,613,777    8,613,777    5.6%   8.3%
Jenny Hong Wei Lee (2)   0    8,613,777    8,613,777    8,613,777    5.6%   8.3%
Jeffrey Gordon Richards (2)   0    8,613,777    8,613,777    8,613,777    5.6%   8.3%
Hans Tung (2)   0    8,613,777    8,613,777    8,613,777    5.6%   8.3%

 

(1)Represents the number of Class A ordinary shares, including shares underlying ADSs, currently held by the Reporting Persons.

 

(2)GGV Discovery I L.L.C. serves as the General Partner of GGV Discovery I, L.P. GGV Capital VI Entrepreneurs Fund L.L.C. serves as the General Partner of GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Discovery I L.L.C. and GGV Capital VI Entrepreneurs Fund L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung have shared power to direct the voting and disposition of the shares owned by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P., and may be deemed to have indirect beneficial ownership of the shares held by GGV Discovery I, L.P. and GGV Capital VI Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)These percentages are based on a total of 153,635,176 ordinary shares (103,776,127 Class A ordinary shares and 49,859,049 Class B ordinary shares) outstanding as of June 30, 2024, as reported in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on August 29, 2024.

 

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 five 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 or Control Person
  Not applicable
   
Item 8. Identification and Classification of Members of the Group
  Not applicable
   
Item 9. Notice of Dissolution of Group
  Not applicable
   
Item 10. Certification
  Not applicable.

 

12 

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: November 13, 2024

 

GGV Discovery i L.P. 
BY: GGV DISCOVERY I L.L.C. 
ITS: General Partner 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-fact 
  
GGV DISCOVERY I L.L.C. 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-fact 
  
GGV CAPITAL VI ENTREPRENEURS FUND L.P. 
BY: GGV CAPITAL VI ENTREPRENEURS FUND L.L.C. 
ITS: General Partner 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-Fact 
  
GGV CAPITAL VI ENTREPRENEURS FUND L.L.C. 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-Fact 
  
/s/ Jixun Foo 
Jixun Foo 
  
/s/ Glenn Solomon 
Glenn Solomon 
  
/s/ Jenny Hong Wei Lee 
Jenny Hong Wei Lee 
  
/s/ Jeffrey Gordon Richards 
Jeffrey Gordon Richards 
  
/s/ Hans Tung 
Hans Tung 

 

  ATTENTION  
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

13 

 

 

Exhibit(s):

 

AJoint Filing Agreement

 

14 

 

 

EXHIBIT A

 

JOINT FILING AGREEMENT

 

We, the undersigned, hereby express our agreement that the attached Schedule 13G (or any amendments thereto) relating to the Class A ordinary shares of QuantaSing Group Limited is filed on behalf of each of us.

 

Dated: November 13, 2024

 

GGV Discovery i L.P. 
BY: GGV DISCOVERY I L.L.C. 
ITS: General Partner 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-fact 
  
GGV DISCOVERY I L.L.C. 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-fact 
  
GGV CAPITAL VI ENTREPRENEURS FUND L.P. 
BY: GGV CAPITAL VI ENTREPRENEURS FUND L.L.C. 
ITS: General Partner 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-Fact 
  
GGV CAPITAL VI ENTREPRENEURS FUND L.L.C. 
  
By: /s/ Terence Jen 
  Terence Jen 
  Attorney-in-Fact 
  
/s/ Jixun Foo 
Jixun Foo 
  
/s/ Glenn Solomon 
Glenn Solomon 
  
/s/ Jenny Hong Wei Lee 
Jenny Hong Wei Lee 
  
/s/ Jeffrey Gordon Richards 
Jeffrey Gordon Richards 
  
/s/ Hans Tung 
Hans Tung