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:
12-31-2018
Check here if Amendment: Amendment Number:
1
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]
08-18-2021
                           [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:
25
Form 13F Information table Value Total:
245856
          (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
APPLE INC AAPL USCOM0378331003001,900SHDFND1,900 0 0
AMAZON.COM INC AMZN USCOM0231351064,8063,200SHDFND3,200 0 0
ALIBABA GROUP HOLDING-SP ADR BABA USSPONSORED ADS01609W10234,674252,964SHDFND252,964 0 0
BILIBILI INC-SPONSORED ADR BILI USSPONS ADS REP Z09004010649,8413,416,091SHDFND3,416,091 0 0
BAOZUN INC-SPN ADR BZUN USSPONSORED ADR06684L1033,706126,861SHDFND126,861 0 0
CTRIP.COM INTERNATIONAL-ADR CTRP USAMERICAN DEP SHS22943F1009,852364,071SHDFND364,071 0 0
NEW ORIENTAL EDUCATIO-SP ADR EDU USSPON ADR64758110710,145185,100SHDFND185,100 0 0
FACEBOOK INC-A FB USCL A30303M1022,32017,700SHDFND17,700 0 0
GENERAL ELECTRIC CO GE USCOM36960410323631,200SHDFND31,200 0 0
GILEAD SCIENCES INC GILD USCOM3755581032,29636,700SHDFND36,700 0 0
ALPHABET INC-CL C GOOG USCAP STK CL C02079K1071,4501,400SHDFND1,400 0 0
L BRANDS INC LB USCOM5017971042,09281,500SHDFND81,500 0 0
NETEASE INC-ADR NTES USSPONSORED ADR64110W1024,06117,253SHDFND17,253 0 0
PINDUODUO INC-ADR PDD USSPONSORED ADS72230410241,6161,854,562SHDFND1,854,562 0 0
SNAP INC - A SNAP USCL A83304A1069,0921,650,100SHDFND1,650,100 0 0
SOGOU INC-ADR SOGO USADR REPSTG A83409V1046,3811,215,449SHDFND1,215,449 0 0
SPOTIFY TECHNOLOGY SA SPOT USSHSL8681T1022,02017,800SHDFND17,800 0 0
TAL EDUCATION GROUP- ADR TAL USSPONSORED ADS87408010437,6631,411,661SHDFND1,411,661 0 0
TENCENT MUSIC ENTERTAINM-ADR TME USSPON ADS88034P1094,755359,700SHDFND359,700 0 0
VIPSHOP HOLDINGS LTD - ADS VIPS USSPONSORED ADR92763W1037012,900SHDFND12,900 0 0
YELP INC YELP USCL A9858171052457,000SHDFND7,000 0 0
YY INC-ADR YY USADS REPCOM CLA98426T1062,78946,600SHDFND46,600 0 0
ZILLOW GROUP INC - C Z USCL C CAP STK98954M2002538,000SHDFND8,000 0 0
ZTO EXPRESS CAYMAN INC-ADR ZTO USSPONSORED ADR98980A10512,097764,203SHDFND764,203 0 0
LIGHTINTHEBOX HOLDING-ADRSPONSORED ADR53225G1023,0962,537,855SHDFND2,537,855 0 0