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:
12-31-2023
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]
01-12-2024
                           [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:
375162296
          (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 USADS00851L10367,32825,600SHDFND25,600 0 0
AIRBNB INC-CLASS A ABNB USCOM CL A00906610132,428,548238,200SHDFND238,200 0 0
ALPHABET INC-CL C GOOG USCAP STK CL C02079K10711,387,14480,800SHDFND80,800 0 0
AMERICAN AIRLINES GROUP INC AAL USCOM02376R1025,886,216428,400SHDFND428,400 0 0
BAIDU INC - SPON ADR BIDU USSPON ADR REP A0567521084,739,78239,800SHDFND39,800 0 0
BANK OF AMERICA CORP BAC USCOM0605051048,037,029238,700SHDFND238,700 0 0
BILIBILI INC-SPONSORED ADR BILI USSPONS ADS REP Z0900401063,698,463303,900SHDFND303,900 0 0
CROWDSTRIKE HOLDINGS INC - A CRWD USCL A22788C1053,217,03212,600SHDFND12,600 0 0
DELTA AIR LINES INC DAL USCOM NEW2473617024,509,783112,100SHDFND112,100 0 0
DOORDASH INC - A DASH USCL A25809K1058,702,32088,000SHDFND88,000 0 0
DRX DLY FTSE CHINA BULL 3X YINN USDL FTSE BULL 3X25460G19510,465,812499,800SHDFND499,800 0 0
ENPHASE ENERGY INC ENPH USCOM29355A1073,924,55829,700SHDFND29,700 0 0
FULL TRUCK ALLIANCE -SPN ADR YMM USSPONSORED ADS35969L1085,821,805830,500SHDFND830,500 0 0
FUTU HOLDINGS LTD-ADR FUTU USSPON ADS CL A36118L1062,452,88744,900SHDFND44,900 0 0
GINKGO BIOWORKS HOLDINGS INC DNA USCL A SHS37611X1001,259,050745,000SHDFND745,000 0 0
IQIYI INC-ADR IQ USSPONSORED ADS46267X1081,509,872309,400SHDFND309,400 0 0
JOYY INC-ADR YY USADS REPSTG COM A46591M1091,175,12029,600SHDFND29,600 0 0
KE HOLDINGS INC-ADR BEKE USSPONSORED ADS48249710435,165,9252,169,397SHDFND2,169,397 0 0
LIGHTINTHEBOX HOLDING-ADRSPONSORED ADR53225G1022,201,0152,057,023SHDFND2,057,023 0 0
LYFT INC-A LYFT USCL A COM55087P1044,895,734326,600SHDFND326,600 0 0
MOGU INC-ADRSPON ADS6080123081,316,181689,100SHDFND689,100 0 0
NEW ORIENTAL EDUCATIO-SP ADR EDU USSPON ADR6475812064,975,71267,900SHDFND67,900 0 0
NIKE INC -CL B NKE USCL B6541061032,659,96524,500SHDFND24,500 0 0
PDD HOLDINGS INC PDD USSPONSORED ADS72230410212,728,97087,000SHDFND87,000 0 0
PELOTON INTERACTIVE INC-A PTON USCL A COM70614W1006,177,6961,014,400SHDFND1,014,400 0 0
REDFIN CORP RDFN USCOM75737F1082,049,552198,600SHDFND198,600 0 0
ROBINHOOD MARKETS INC - A HOOD USCOM CL A77070010236,901,4102,896,500SHDFND2,896,500 0 0
SEA LTD-ADR SE USSPONSORD ADS81141R1007,731,450190,900SHDFND190,900 0 0
SNAP INC - A SNAP USCL A83304A10635,271,9622,083,400SHDFND2,083,400 0 0
SO-YOUNG INTERNATIONAL-ADRSPONSORED ADS83356Q1083,957,5563,067,873SHDFND3,067,873 0 0
STAAR SURGICAL CO STAA USCOM PAR $0.01852312305505,60216,200SHDFND16,200 0 0
TAL EDUCATION GROUP- ADR TAL USSPONSORED ADS8740801049,309,573737,100SHDFND737,100 0 0
TALKSPACE INCCOM87427V1034,908,8341,932,612SHDFND1,932,612 0 0
TESLA INC TSLA USCOM88160R10113,318,52853,600SHDFND53,600 0 0
VANECK GOLD MINERS ETF GDX USGOLD MINERS ETF92189F1067,309,057235,700SHDFND235,700 0 0
VANECK JUNIOR GOLD MINERS GDXJ USJUNIOR GOLD MINE92189F7916,440,909169,900SHDFND169,900 0 0
VF CORP VFC USCOM9182041088,958,200476,500SHDFND476,500 0 0
WALT DISNEY CO/THE DIS USCOM25468710624,288,010269,000SHDFND269,000 0 0
YUNJI INC-ADRSPON ADS98873N20691,706129,000SHDFND129,000 0 0
ZILLOW GROUP INC - C Z USCL C CAP STK98954M20034,716,000600,000SHDFND600,000 0 0