VM EDU Fund I Discloses Passive Stake in QuantaSing Group

TL;DR

**VM EDU Fund I just revealed a passive stake in QuantaSing Group as of year-end 2023.**

AI Summary

VM EDU Fund I, L.P. and its affiliates, including VM EDU FUND GP, LLC and CHING CHIU, have filed an SC 13G indicating their passive ownership in QuantaSing Group Limited (NASDAQ: QSG). As of December 31, 2023, this group holds a significant stake in QuantaSing's Class A ordinary shares. This matters to investors because it signals a notable institutional investor has taken a position, potentially indicating confidence in the company's future, but without an intent to influence management.

Why It Matters

This filing reveals a new institutional investor, VM EDU Fund I, L.P., has acquired a passive stake in QuantaSing Group, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a passive filing, indicating no immediate intent to influence company operations, thus posing low risk to current shareholders.

Analyst Insight

A smart investor would note the entry of VM EDU Fund I, L.P. as a passive holder, suggesting institutional interest, but would not interpret this as a signal for immediate price movement or a change in company strategy, given the passive nature of the filing.

Key Numbers

• US$0.0001 — Par Value per Share (The par value of QuantaSing Group Limited's Class A ordinary shares.)
• 3 — Shares per ADS (Each American Depositary Share (ADS) of QuantaSing Group Limited represents three Class A ordinary shares.)

Key Players & Entities

• VM EDU Fund I, L.P. (company) — reporting person and institutional investor
• QuantaSing Group Limited (company) — the issuer of the securities
• VM EDU FUND GP, LLC (company) — group member associated with the reporting person
• CHING CHIU (person) — group member associated with the reporting person
• US$0.0001 (dollar_amount) — par value per Class A ordinary share
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• VM EDU Fund I, L.P. will maintain its passive stake in QuantaSing Group Limited for the foreseeable future. (VM EDU Fund I, L.P.) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

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

Filing Documents

• tm243686d1_sc13g.htm (SC 13G) — 74KB
• tm243686d1_ex99-1.htm (EX-99.1) — 7KB
• 0001104659-24-005689.txt ( ) — 83KB

(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: Ching Chiu, VM EDU Fund GP, LLC, and VM EDU Fund I, L.P. (collectively, the “Reporting Persons”).

(b)

Item 2(b). Address of Principal Business Office, or, if none, Residence: The address of the Reporting Persons is 1407 Parkview Place, 2 East 4th Ring Rd, Chaoyang District, Beijing 100016, People’s Republic of China.

(c)

Item 2(c). Citizenship: Ching Chiu A Hong Kong citizen VM EDU Fund GP, LLC Cayman Islands limited company VM EDU Fund I, L.P. Cayman Islands exempted limited partnership

(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 5 of 7 Pages Item 4. The following information with respect to the 31, 2023. Reporting Persons Shares Held Directly Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Beneficial Percentage of Class (1) Ching Chiu 8,860,167 (2) 8,860,167 0 8,860,167 0 8,860,167 5.2 % VM EDU Fund GP, LLC 8,860,167 (2) 8,860,167 0 8,860,167 0 8,860,167 5.2 % VM EDU Fund I, L.P. 8,860,167 (2) 8,860,167 0 8,860,167 0 8,860,167 5.2 % ( 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) Represent 8,860,167 Class A ordinary shares in the form of ADSs directly held by VM EDU Fund I, L.P. The general partner of VM EDU Fund I, L.P. is VM EDU Fund GP, LLC. VM EDU Fund GP, LLC is wholly owned by Ching Chiu. Item 5. Not applicable Item 6. Not applicable Item 7. Identif

View Full Filing

View this SC 13G filing on SEC EDGAR