TB Alternative Assets Discloses Passive Stake in Cloopen Group

TL;DR

**TB Alternative Assets just revealed a passive stake in Cloopen Group (RAASY).**

AI Summary

TB Alternative Assets Ltd. has filed an SC 13G, indicating they are a passive investor in Cloopen Group Holding Ltd. (RAASY). This filing, dated February 5, 2024, reports their ownership of Class A Ordinary Shares, which are represented by American Depositary Shares (ADSs) under the symbol "RAASY." This matters to investors because it signals a significant institutional investor has taken a position, potentially indicating confidence in the company's long-term prospects, but without seeking control or influence over management.

Why It Matters

This filing reveals a new institutional investor, TB Alternative Assets Ltd., has taken a passive stake in Cloopen Group Holding Ltd., which can be a positive signal for other investors.

Risk Assessment

Risk Level: low — This filing indicates a passive investment, which generally carries lower risk as the investor is not seeking to influence company operations.

Analyst Insight

Investors should note the entry of a new institutional holder, TB Alternative Assets Ltd., as a passive investor in Cloopen Group Holding Ltd. (RAASY). While not an activist stake, it signals institutional confidence. Monitor future filings for any changes in their position or the emergence of other institutional investors.

Key Numbers

• 6 — Class A Ordinary Shares per ADS (important for understanding the conversion between ADSs and underlying shares)
• 0.0001 — par value per share (the nominal value of each Class A Ordinary Share)

Key Players & Entities

• TB Alternative Assets Ltd. (company) — the entity filing the SC 13G, reporting a passive stake
• Cloopen Group Holding Ltd. (company) — the subject company in which TB Alternative Assets Ltd. has invested
• Class A Ordinary Shares (company) — the type of securities owned by TB Alternative Assets Ltd.
• American Depositary Shares (ADSs) (company) — represent 6 Class A Ordinary Shares and trade under the symbol 'RAASY'
• RAASY (company) — the ticker symbol for Cloopen Group Holding Ltd.'s ADSs

Forward-Looking Statements

• Other institutional investors may view TB Alternative Assets' passive stake as a positive signal, potentially leading to increased interest in RAASY shares. (RAASY) — medium confidence, target: next 6-12 months

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Class A Ordinary Shares, $0.0001 par value per share (Title of Class o

Filing Documents

• d740159dsc13g.htm (SC 13G) — 38KB
• 0001193125-24-024460.txt ( ) — 39KB

(b) Address of issuers principal executive offices

Item 1(b) Address of issuers principal executive offices: 16/F, Tower A, Fairmont Tower 33 Guangshun North Main Street Chaoyang District, Beijing Peoples Republic of China 2(a) Name of person filing: TB Alternative Assets Ltd This statement is filed by TB Alternative Assets Ltd, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, with respect to the portion of the Class A Ordinary Shares (as defined by 2(d) below) held by Trustbridge Partners V LP, a Cayman registered private equity fund. TB Alternative Assets Ltd acts as the investment adviser of the investment manager of Trustbridge Partners V LP. 2(b) Address or principal business office or, if none, residence: c/o Maples Corporate Services Limited, Ugland House, Grand Cayman, Cayman Islands, KY1-1104 2(c) Citizenship: Cayman Islands 2(d) Title of class of securities: Class A Ordinary Shares, $0.0001 par value per share 2(e) CUSIP No.: There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 18900M203 has been assigned to the American Depositary Shares (ADSs) of the Issuer, which are quoted in other OTC under the symbol RAASY. Each American Depository Share represents 6 Class A Ordinary Shares. Item3. If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a8); (e) An investment adviser in accordance with 240.13d1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d1(b)(1)(ii)(G); (h) A savings association

Signatures

Signatures After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: 5 Feb 2024 Signature: /s/ Shujun Li Name: Shujun Li Title: Director

View Full Filing

View this SC 13G filing on SEC EDGAR