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:
12-31-2021
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]
01-18-2022
                           [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:
31
Form 13F Information table Value Total:
338495
          (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-ADRADS00851L1033,730230,100SHDFND230,100 0 0
AZUL SA-ADRSPONSR ADR PFD05501U10663047,700SHDFND47,700 0 0
BALLARD POWER SYSTEMS INC BLDP USCOM0585861082,413192,100SHDFND192,100 0 0
BAOZUN INC-SPN ADR BZUN USSPONSORED ADR06684L10397470,100SHDFND70,100 0 0
BILIBILI INC-SPONSORED ADR BILI USSPONS ADS REP Z09004010613,252285,600SHDFND285,600 0 0
FINVOLUTION GROUP-ADRSPONSORED ADS31810T1013,497709,278SHDFND709,278 0 0
FUTU HOLDINGS LTD-ADRSPON ADS CL A36118L10611,475265,000SHDFND265,000 0 0
HUYA INC-ADR HUYA USADS REP SHS A44852D1082,129306,800SHDFND306,800 0 0
IQIYI INC-ADR IQ USSPONSORED ADS46267X1085,7991,271,800SHDFND1,271,800 0 0
KE HOLDINGS INC-ADRSPONSORED ADS482497104168,4828,373,863SHDFND8,373,863 0 0
KRANESHARES CSI CHINA INTERNCSI CHI INTERNET5007673069,987273,700SHDFND273,700 0 0
LAIX INC - ADRADS50736W1052,0793,703,164SHDFND3,703,164 0 0
LIGHTINTHEBOX HOLDING-ADRSPONSORED ADR53225G1022,1342,112,855SHDFND2,112,855 0 0
MOGU INC-ADRSPON ADS6080121003,1698,339,020SHDFND8,339,020 0 0
MOLECULAR DATA INC - ADRSPONSORED ADS60852L1064992,290,570SHDFND2,290,570 0 0
NEW ORIENTAL EDUCATIO-SP ADR EDU USSPON ADR6475811076,1762,941,000SHDFND2,941,000 0 0
PEAR THERAPEUTICS INCCLASS A COM70472310512,8462,071,865SHDFND2,071,865 0 0
PHOENIX NEW MEDIA LTD -ADR FENG USSPONSORED ADS71910C103446517,800SHDFND517,800 0 0
PROSHARES ULTRAPRO SHORT QQQULTRAPRO SHT QQQ74347G8616,8201,148,100SHDFND1,148,100 0 0
PUXIN LTD-ADRADS74704P1088572,147,992SHDFND2,147,992 0 0
SO-YOUNG INTERNATIONAL-ADRSPONSORED ADS83356Q1089,7873,067,873SHDFND3,067,873 0 0
TAL EDUCATION GROUP- ADR TAL USSPONSORED ADS8740801041,296329,700SHDFND329,700 0 0
TALKSPACE INCCOM87427V1033,8071,932,612SHDFND1,932,612 0 0
TENCENT MUSIC ENTERTAINM-ADR TME USSPON ADS88034P10922,5673,294,400SHDFND3,294,400 0 0
UBER TECHNOLOGIES INC UBER USCOM90353T1008,751208,700SHDFND208,700 0 0
VIPSHOP HOLDINGS LTD - ADR VIPS USSPONSORED ADS A92763W1035,614668,300SHDFND668,300 0 0
VNET GROUP INC-ADR VNET USSPONSORED ADS A90138A1038,330922,500SHDFND922,500 0 0
WATERDROP INCADS94132V105235170,600SHDFND170,600 0 0
YOUDAO INC - ADRSPONSORED ADS98741T1046,762541,800SHDFND541,800 0 0
YUNJI INC-ADRADS RP CL A98873N1079291,485,780SHDFND1,485,780 0 0
ZTO EXPRESS CAYMAN INC-ADR ZTO USSPONSORED ADS A98980A10513,023461,485SHDFND461,485 0 0