KPartners Ltd Discloses Stake in QuantaSing Group Ltd

TL;DR

**KPartners Ltd just revealed a stake in QuantaSing Group, keep an eye on QSG.**

AI Summary

KPartners Ltd, along with its affiliated entities K2 Partners III GP, L.P., K2 Partners III GP, LLC, K2 Partners III L.P., and K2 Partners III LTD, filed an SC 13G on January 17, 2024, indicating their ownership in QuantaSing Group Ltd. This filing, triggered by the December 31, 2023, event date, signals that KPartners Ltd is a significant holder of QuantaSing's Class A ordinary shares. For investors, this matters because it reveals a notable institutional investor's position, potentially signaling confidence or a strategic interest in QuantaSing Group Ltd, which could influence market perception and future stock performance.

Why It Matters

This filing shows a significant institutional investor, KPartners Ltd, has a stake in QuantaSing Group Ltd, which can be seen as a vote of confidence and may attract other investors.

Risk Assessment

Risk Level: low — An SC 13G filing generally indicates passive ownership and does not inherently pose a direct risk to the company or its shareholders.

Analyst Insight

Smart investors should note KPartners Ltd's stake as a potential indicator of institutional interest in QuantaSing Group Ltd, but recognize this is a passive filing and doesn't signal immediate strategic changes. Further due diligence on QuantaSing's fundamentals is warranted.

Key Numbers

• 0001104659-24-004271 — Accession Number (Unique identifier for this specific SEC filing)
• 20240117 — Filed As Of Date (Date the SC 13G was officially filed with the SEC)
• 20231231 — Date of Event (Date that triggered the requirement for this filing)
• 74767N107 — CUSIP Number (Identifier for QuantaSing Group Limited's American Depositary Shares (ADSs))

Key Players & Entities

• KPartners Ltd (company) — filer of the SC 13G
• QuantaSing Group Ltd (company) — subject company of the filing
• K2 PARTNERS III GP, L.P. (company) — group member of the filer
• K2 PARTNERS III GP, LLC (company) — group member of the filer
• K2 PARTNERS III L.P. (company) — group member of the filer
• K2 PARTNERS III LTD (company) — group member of the filer
• US$0.0001 (dollar_amount) — par value per Class A ordinary share of QuantaSing Group Ltd

Forward-Looking Statements

• KPartners Ltd will maintain its passive investment in QuantaSing Group Ltd for the foreseeable future. (KPartners Ltd) — high confidence, target: 2025-01-17

FAQ

Key Financial Figures

• $0.0001 — ) Class A ordinary shares, par value US$0.0001 per share (Title of Class of Securiti

Filing Documents

• tm243497d1_sc13g.htm (SC 13G) — 124KB
• tm243497d1_ex99-1.htm (EX-99.1) — 9KB
• 0001104659-24-004271.txt ( ) — 135KB

(a)

Item 1(a). Name of Issuer: QuantaSing Group Limited

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 2/F, Building D, Ronsin Technology Center Chaoyang District Beijing 100102 People’s Republic of China

(a)

Item 2(a). Name of Person Filing: This Schedule 13G is being jointly filed by: Rui Zhang, KPartners Limited, K2 Partners III GP, LLC, K2 Partners III GP, L.P., K2 Partners III L.P., and K2 Partners III Limited (collectively, the “Reporting Persons”).

(b)

Item 2(b). Address of Principal Business Office, or, if none, Residence: The address for KPartners Limited, K2 Partners III GP, LLC, K2 Partners III GP, L.P. and K2 Partners III L.P. is Osiris International Cayman Limited, Suite #4-210, Governors Square, 23 Lime Tree Bay Avenue, PO Box 32311, Grand Cayman KY1-1209, Cayman Islands. The address for K2 Partners III Limited is Room C, 20/F., Lucky Plaza, 315-321 Lockhart Road, Wanchai, Hong Kong.

(c)

Item 2(c). Citizenship: Rui Zhang A Singapore Citizen KPartners Limited Cayman Islands limited company K2 Partners III GP, LLC Cayman Islands limited company K2 Partners III GP, L.P. Cayman Islands exempted limited partnership K2 Partners III L.P. Cayman Islands exempted limited partnership K2 Partners III Limited Hong Kong limited company

(d)

Item 2(d). Title of Class of Securities: Class A ordinary shares, par value US$0.0001 per share

(e)

Item 2(e). CUSIP No.: 74767N107. This CUSIP number applies to the ADSs of the Issuer. Each ADSs represents three Class A ordinary shares. Item 3. Not Applicable. CUSIP No. 74767N107** 13G Page 9 of 13 Pages Item 4. The following information with respect to the of December 31, 2023. Reporting Persons Shares Held Directly Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Beneficial Percentage of Class (1) Rui Zhang 23,323,579 (2) 23,323,579 0 23,323,579 0 23,323,579 13.8 % KPartners Limited 23,323,579 (2) 23,323,579 0 23,323,579 0 23,323,579 13.8 % K2 Partners III GP, LLC 15,106,751 (3) 15,106,751 0 15,106,751 0 15,106,751 8.9 % K2 Partners III GP, L.P. 15,106,751 (3) 15,106,751 0 15,106,751 0 15,106,751 8.9 % K2 Partners III L.P. 15,106,751 (3) 15,106,751 0 15,106,751 0 15,106,751 8.9 % K2 Partners III Limited 15,106,751 (3) 15,106,751 0 15,106,751 0 15,106,751 8.9 % ( 1) Calculation is based on 169,454,104 ordinary shares of the Issuer as a single class, being the sum of (i) 119,595,055 Class A ordinary shares and (ii) 49,859,049 Class B ordinary shares issued and outstanding as of October 18, 2023, assuming conversion of all Class B ordinary shares into Class A ordinary shares, as reported in the Issuer’s annual report for the fiscal year ended June 30, 2023, furnished to the United States Securities and Exchange Commission on Form 20-F on October 27, 2023. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. (2) Represents ownership of (i) 706,242 Class A ordinary shares in the form of 235,414 ADSs and 2,475,000 Class A ordinary s

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View this SC 13G filing on SEC EDGAR