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:
09-30-2023
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:

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]
10-13-2023
                           [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:
368320470
          (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 USADS00851L10394,36937,300SHDFND37,300 0 0
AIRBNB INC-CLASS A ABNB USCOM CL A00906610113,336,81297,200SHDFND97,200 0 0
ALPHABET INC-CL C GOOG USCAP STK CL C02079K1072,623,81519,900SHDFND19,900 0 0
AMAZON.COM INC AMZN USCOM02313510619,741,736155,300SHDFND155,300 0 0
AMERICAN AIRLINES GROUP INCCOM02376R1029,203,985718,500SHDFND718,500 0 0
BILIBILI INC-SPONSORED ADR BILI USSPONS ADS REP Z0900401067,467,471542,300SHDFND542,300 0 0
COINBASE GLOBAL INC -CLASS A COIN USCOM CL A19260Q1072,732,91236,400SHDFND36,400 0 0
CROWDSTRIKE HOLDINGS INC - A CRWD USCL A22788C1052,644,60415,800SHDFND15,800 0 0
DELTA AIR LINES INCCOM NEW2473617029,268,500250,500SHDFND250,500 0 0
DOORDASH INC - A DASH USCL A25809K10519,915,182250,600SHDFND250,600 0 0
DRX DLY FTSE CHINA BULL 3X YINN USDL FTSE BULL 3X25460G1953,996,744138,200SHDFND138,200 0 0
ENPHASE ENERGY INC ENPH USCOM29355A1076,884,59557,300SHDFND57,300 0 0
FULL TRUCK ALLIANCE -SPN ADR YMM USSPONSORED ADS35969L1087,059,0081,002,700SHDFND1,002,700 0 0
GINKGO BIOWORKS HOLDINGS INC DNA USCL A SHS37611X100581,553321,300SHDFND321,300 0 0
INTEL CORP INTC USCOM45814010012,979,305365,100SHDFND365,100 0 0
IQIYI INC-ADR IQ USSPONSORED ADS46267X1082,461,008519,200SHDFND519,200 0 0
JOYY INC-ADR YY USADS REPSTG COM A46591M1091,935,98850,800SHDFND50,800 0 0
KE HOLDINGS INC-ADR BEKE USSPONSORED ADS48249710428,914,6451,863,057SHDFND1,863,057 0 0
LIGHTINTHEBOX HOLDING-ADRSPONSORED ADR53225G1022,447,8572,057,023SHDFND2,057,023 0 0
META PLATFORMS INC-CLASS A META USCL A30303M10215,821,06752,700SHDFND52,700 0 0
MOGU INC-ADRSPON ADS6080123081,447,110689,100SHDFND689,100 0 0
NEW ORIENTAL EDUCATIO-SP ADR EDU USSPON ADR6475812066,856,205117,100SHDFND117,100 0 0
NIKE INC -CL B NKE USCL B6541061032,342,69024,500SHDFND24,500 0 0
PDD HOLDINGS INC PDD USSPONSORED ADS72230410228,832,580294,000SHDFND294,000 0 0
PELOTON INTERACTIVE INC-A PTON USCL A COM70614W1003,909,205774,100SHDFND774,100 0 0
PROSHARES ULTRAPRO QQQ TQQQ USULTRAPRO QQQ74347X83123,730,044666,200SHDFND666,200 0 0
ROBINHOOD MARKETS INC - A HOOD USCOM CL A77070010224,732,9722,521,200SHDFND2,521,200 0 0
SEA LTD-ADR SE USSPONSORD ADS81141R10010,196,400232,000SHDFND232,000 0 0
SNAP INC - A SNAP USCL A83304A10618,563,0942,083,400SHDFND2,083,400 0 0
SNOWFLAKE INC-CLASS A SNOW USCL A8334451092,245,71914,700SHDFND14,700 0 0
SO-YOUNG INTERNATIONAL-ADRSPONSORED ADS83356Q1083,205,9273,067,873SHDFND3,067,873 0 0
STAAR SURGICAL CO STAA USCOM PAR $0.01852312305650,91616,200SHDFND16,200 0 0
TAL EDUCATION GROUP- ADR TAL USSPONSORED ADS87408010411,189,8131,228,300SHDFND1,228,300 0 0
TALKSPACE INCCOM87427V1033,768,5931,932,612SHDFND1,932,612 0 0
TESLA INC TSLA USCOM88160R10111,860,42847,400SHDFND47,400 0 0
UBER TECHNOLOGIES INC UBER USCOM90353T10018,179,847395,300SHDFND395,300 0 0
VF CORP VFC USCOM9182041082,572,752145,600SHDFND145,600 0 0
WALT DISNEY CO/THE DIS USCOM2546871065,584,34568,900SHDFND68,900 0 0
YUNJI INC-ADRSPON ADS98873N20689,010129,000SHDFND129,000 0 0
ZILLOW GROUP INC - C Z USCL C CAP STK98954M20018,251,664395,400SHDFND395,400 0 0