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:
03-31-2022
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]
04-29-2022
                           [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:
38
Form 13F Information table Value Total:
291157
          (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-ADRADS00851L1031,554156,300SHDFND156,300 0 0
AZUL SA-ADRSPONSR ADR PFD05501U10671847,700SHDFND47,700 0 0
BALLARD POWER SYSTEMS INC BLDP USCOM0585861082,236192,100SHDFND192,100 0 0
BILIBILI INC-SPONSORED ADR BILI USSPONS ADS REP Z0900401064,070159,100SHDFND159,100 0 0
BLOCK INC SQ USCL A8522341031,93914,300SHDFND14,300 0 0
CAMECO CORP CCJ USCOM13321L1087,781267,400SHDFND267,400 0 0
DIDI GLOBAL INCSPONSORED ADS23292E1088,4873,394,600SHDFND3,394,600 0 0
DRX DLY FTSE CHINA BEAR 3XDAILY FTSE CHINA25460E5214,595280,700SHDFND280,700 0 0
DRX DLY FTSE CHINA BULL 3XDL FTSE BLL 3X25459W7715,3141,150,201SHDFND1,150,201 0 0
FINVOLUTION GROUP-ADRSPONSORED ADS31810T1012,816709,278SHDFND709,278 0 0
FUTU HOLDINGS LTD-ADRSPON ADS CL A36118L1066,772208,000SHDFND208,000 0 0
IQIYI INC-ADR IQ USSPONSORED ADS46267X1083,839845,500SHDFND845,500 0 0
KE HOLDINGS INC-ADRSPONSORED ADS48249710475,7406,122,914SHDFND6,122,914 0 0
LAIX INC - ADRSPON ADS50736W2041,042264,511SHDFND264,511 0 0
LIGHTINTHEBOX HOLDING-ADRSPONSORED ADR53225G1022,2022,097,217SHDFND2,097,217 0 0
MOGU INC-ADRSPON ADS6080123082,444694,418SHDFND694,418 0 0
MOLECULAR DATA INC - ADRSPONSORED ADS60852L1063191,595,016SHDFND1,595,016 0 0
NEW ORIENTAL EDUCATIO-SP ADR EDU USSPON ADR6475812062,4102,095,800SHDFND2,095,800 0 0
OCCIDENTAL PETROLEUM CORPCOM6745991053,39359,800SHDFND59,800 0 0
PEAR THERAPEUTICS INCCLASS A COM70472310510,4632,071,865SHDFND2,071,865 0 0
PHOENIX NEW MEDIA LTD -ADR FENG USSPONSORED ADS71910C103123220,413SHDFND220,413 0 0
PINDUODUO INC-ADR PDD USSPONSORED ADS72230410210,328257,500SHDFND257,500 0 0
PINTEREST INC- CLASS ACL A72352L1068,188332,700SHDFND332,700 0 0
PROSHARES ULTRA GOLDULTRA GOLD74347W6011,26319,100SHDFND19,100 0 0
PROSHARES ULTRAPRO SHORT QQQULTRAPRO SHT QQQ74347G43221,165628,600SHDFND628,600 0 0
PROSHARES ULTRASHORT BLOOMBEULSHT BLOOMB OIL74347Y86210,1671,756,000SHDFND1,756,000 0 0
PUXIN LTD-ADRADS74704P405439211,098SHDFND211,098 0 0
ROBINHOOD MARKETS INC - ACOM CL A77070010218,6721,382,100SHDFND1,382,100 0 0
SNAP INC - A SNAP USCL A83304A10629,994833,400SHDFND833,400 0 0
SO-YOUNG INTERNATIONAL-ADRSPONSORED ADS83356Q1086,0743,067,873SHDFND3,067,873 0 0
TALKSPACE INCCOM87427V1033,3631,932,612SHDFND1,932,612 0 0
TENCENT MUSIC ENTERTAINM-ADR TME USSPON ADS88034P10912,0572,475,741SHDFND2,475,741 0 0
UBER TECHNOLOGIES INC UBER USCOM90353T1007,446208,700SHDFND208,700 0 0
VIPSHOP HOLDINGS LTD - ADR VIPS USSPONSORED ADS A92763W1034,391487,900SHDFND487,900 0 0
VNET GROUP INC-ADR VNET USSPONSORED ADS A90138A1031,075184,400SHDFND184,400 0 0
YOUDAO INC - ADRSPONSORED ADS98741T1043,608508,145SHDFND508,145 0 0
YUNJI INC-ADRADS RP CL A98873N1071,4921,463,009SHDFND1,463,009 0 0
ZTO EXPRESS CAYMAN INC-ADR ZTO USSPONSORED ADS A98980A1053,178127,133SHDFND127,133 0 0