UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2022
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
TB Alternative Assets Ltd.
Address:
2001, AGRICULTURAL BANK OF CHINA TOWER
50 CONNAUGHT ROAD CENTRAL, CENTRAL
HONG KONG, K3 NA
Form 13F File Number:
028-13681

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Shujun Li
Title:
Director
Phone:
(852) 3727-0300


Signature, Place, and Date of Signing:

/s/ Shujun Li
                         [Signature]
Hong Kong, HONG KONG
                 [City, State]
02-02-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
40
Form 13F Information table Value Total:
278207035
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AGORA INC-ADR API USADS00851L103207,62153,100SHDFND53,100 0 0
ALIBABA GROUP HOLDING-SP ADR BABA USSPONSORED ADS01609W102396,4054,500SHDFND4,500 0 0
ALPHABET INC-CL C GOOG USCAP STK CL C02079K1075,153,43858,080SHDFND58,080 0 0
AMAZON.COM INC AMZN USCOM0231351064,670,40055,600SHDFND55,600 0 0
BALLARD POWER SYSTEMS INC BLDP USCOM058586108920,159192,100SHDFND192,100 0 0
BILIBILI INC-SPONSORED ADR BILI USSPONS ADS REP Z09004010617,224,999727,100SHDFND727,100 0 0
BLOCK INC SQ USCL A8522341032,972,33247,300SHDFND47,300 0 0
CANADA GOOSE HOLDINGS INC GOOS USSHS SUB VTG1350861062,347,358131,800SHDFND131,800 0 0
CLOOPEN GROUP HOLDING LTDADS18900M1044,057,4985,763,492SHDFND5,763,492 0 0
COINBASE GLOBAL INC -CLASS A COIN USCOM CL A19260Q107647,63718,300SHDFND18,300 0 0
DATADOG INC - CLASS A DDOG USCL A COM23804L10310,319,400140,400SHDFND140,400 0 0
DOCUSIGN INC DOCU USCOM25616310610,568,594190,700SHDFND190,700 0 0
DOORDASH INC - A DASH USCL A25809K1057,908,840162,000SHDFND162,000 0 0
GINKGO BIOWORKS HOLDINGS INC DNA USCL A SHS37611X100542,997321,300SHDFND321,300 0 0
JD.COM INC-ADR JD USSPON ADR CL A47215P1066,157,461109,700SHDFND109,700 0 0
KE HOLDINGS INC-ADR BEKE USSPONSORED ADS48249710446,568,6753,335,865SHDFND3,335,865 0 0
LIGHTINTHEBOX HOLDING-ADRSPONSORED ADR53225G1022,530,1382,057,023SHDFND2,057,023 0 0
MOGU INC-ADRSPON ADS6080123081,702,077689,100SHDFND689,100 0 0
NU HOLDINGS LTD/CAYMAN ISL-A NU USORD SHS CL AG6683N1033,150,587774,100SHDFND774,100 0 0
OCCIDENTAL PETROLEUM CORP OXY USCOM6745991051,511,76024,000SHDFND24,000 0 0
PEAR THERAPEUTICS INCCLASS A COM7047231052,444,8012,071,865SHDFND2,071,865 0 0
PINDUODUO INC-ADR PDD USSPONSORED ADS72230410211,368,070139,400SHDFND139,400 0 0
PINTEREST INC- CLASS A PINS USCL A72352L1065,144,932211,900SHDFND211,900 0 0
PROSHARES ULTRAPRO QQQ TQQQ USULTRAPRO QQQ74347X83117,099,320988,400SHDFND988,400 0 0
PROSHARES ULTRASHORT BLOOMBE SCO USULSHT BLOOMB OIL74347Y7975,657,220237,200SHDFND237,200 0 0
ROBINHOOD MARKETS INC - A HOOD USCOM CL A77070010218,214,0642,237,600SHDFND2,237,600 0 0
SHOPIFY INC - CLASS A SHOP USCL A82509L1074,894,110141,000SHDFND141,000 0 0
SNAP INC - A SNAP USCL A83304A10616,940,5601,892,800SHDFND1,892,800 0 0
SNOWFLAKE INC-CLASS A SNOW USCL A8334451097,980,82455,600SHDFND55,600 0 0
SO-YOUNG INTERNATIONAL-ADRSPONSORED ADS83356Q1083,957,5563,067,873SHDFND3,067,873 0 0
STAAR SURGICAL CO STAA USCOM PAR $0.01852312305786,34816,200SHDFND16,200 0 0
TALKSPACE INCCOM87427V1031,179,4731,932,612SHDFND1,932,612 0 0
TENCENT MUSIC ENTERTAINM-ADR TME USSPON ADS88034P1095,257,982635,022SHDFND635,022 0 0
UBER TECHNOLOGIES INC UBER USCOM90353T10030,971,8521,252,400SHDFND1,252,400 0 0
VACASA INC -CL A VCSA USCLASS A COM91854V107169,470134,500SHDFND134,500 0 0
VIPSHOP HOLDINGS LTD - ADR VIPS USSPONSORED ADS A92763W1032,965,336217,400SHDFND217,400 0 0
YOUDAO INC - ADR DAO USSPONSORED ADS98741T1042,631,137489,059SHDFND489,059 0 0
YUNJI INC-ADRADS RP CL A98873N1071,053,4141,290,000SHDFND1,290,000 0 0
ZILLOW GROUP INC - C Z USCL C CAP STK98954M2004,702,660146,000SHDFND146,000 0 0
ZOOM VIDEO COMMUNICATIONS-A ZM USCL A98980L1015,229,52877,200SHDFND77,200 0 0