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TMT General Partner Ltd., et al. – ‘SC 13G’ on 2/14/22 re: ATRenew Inc.

On:  Monday, 2/14/22, at 9:05am ET   ·   Accession #:  1104659-22-21819   ·   File #:  5-92618

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/14/22  TMT General Partner Ltd.          SC 13G                 2:201K ATRenew Inc.                      Toppan Merrill/FA
          Morningside China TMT Fund II, L.P.
          Morningside China TMT GP II, L.P
          Morningside China TMT Top Up Fund, L.P.
          Shanghai Chenxi Venture Capital Center (Limited Partnership)
          Shanghai Xingpan Investment Management Consulting Co., Ltd.

Statement of Acquisition of Beneficial Ownership by a “Passive” Investor   —   Schedule 13G   —   WA’68

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Acquisition of Beneficial Ownership    HTML     79K 
                by a "Passive" Investor                                          
 2: EX-99.1     Miscellaneous Exhibit                               HTML     12K 


‘SC 13G’   —   Statement of Acquisition of Beneficial Ownership by a “Passive” Investor


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.___)*

 

ATRenew Inc.
(Name of Issuer)
 
Class A ordinary shares, par value US$0.001 per share
(Title of Class of Securities)
 
  00138L108**  
  (CUSIP Number)  
     
December 31, 2021
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)
¨Rule 13d-1(c)
xRule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

** There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 00138L108 has been assigned to the American Depositary Shares (“ADSs”) of the Company, which are quoted on the New York Stock Exchange under the symbol “RERE”. Every three ADSs represents two Class A Ordinary Shares.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 C: 

Page  C: 1 of 13 pages 

 

 

CUSIP No. 00138L108

 

1. Names of Reporting Persons.
  I.R.S. Identification Nos. of above persons (entities only).
   
  TMT General Partner Ltd.
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)    ¨
    (b)    ¨
   
   
3. SEC Use Only
   
   
4. Citizenship or Place of Organization
   
  Cayman Islands
   

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
5. Sole Voting Power
 
  17,170,862
   
6. Shared Voting Power
 
  0
   
7. Sole Dispositive Power
 
  17,170,862
   
8. Shared Dispositive Power
 
  0

 

   
9. Aggregate Amount Beneficially Owned by Each Reporting Person
   
  17,170,862(1)
   
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 
    ¨
   
   
11. Percent of Class Represented by Amount in Row (9)
   
  18.6%(2)
   
   
12. Type of Reporting Person (See Instructions)
   
  CO
   

 

(1)            Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. are the record owner of 15,345,183 Class A Ordinary Shares and the record owner of 1,825,679 Class A Ordinary Shares. Both Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. are controlled by their general partner, Morningside China TMT GP II, L.P., which, in turn, is controlled by its general partner, TMT General Partner Ltd. TMT General Partner Ltd. is controlled by its board of directors which consists of five individuals, namely Jianming Shi, Qin Liu, Gerald Lokchung Chan, Maria K. Lam and Makim Wai On Andrew Ma. These directors have the voting and dispositive powers over the shares held by Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P.

 

(2)            The ownership percentage of the Reporting Person is calculated based on a total of 92,416,377 Class A ordinary shares (excluding 8,437,683 Class A ordinary shares issued to depositary bank for purpose of bulk issuance) as of December 31, 2021, as disclosed by the Issuer to the Reporting Person.

 

 C: 

Page 2 of 13 pages 

 

 

CUSIP No. 00138L108

 

1. Names of Reporting Persons.
  I.R.S. Identification Nos. of above persons (entities only).
   
  Morningside China TMT GP II, L.P.
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)    ¨
    (b)    ¨
   
   
3. SEC Use Only
   
   
4. Citizenship or Place of Organization
   
  Cayman Islands
   

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
5. Sole Voting Power
 
  17,170,862
   
6. Shared Voting Power
 
  0
   
7. Sole Dispositive Power
  17,170,862
   
8. Shared Dispositive Power
  0

 

   
9. Aggregate Amount Beneficially Owned by Each Reporting Person
   
  17,170,862(3)
   
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
    ¨
   
   
11. Percent of Class Represented by Amount in Row (9)
   
  18.6%(4)
   
   
12. Type of Reporting Person (See Instructions)
   
  PN
   

 

(3)            Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. are the record owner of 15,345,183 Class A Ordinary Shares and the record owner of 1,825,679 Class A Ordinary Shares. Both Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. are controlled by their general partner, Morningside China TMT GP II, L.P.

 

(4)            The ownership percentage of the Reporting Person is calculated based on a total of 92,416,377 Class A ordinary shares (excluding 8,437,683 Class A ordinary shares issued to depositary bank for purpose of bulk issuance) as of December 31, 2021, as disclosed by the Issuer to the Reporting Person.

 

 C: 

Page 3 of 13 pages 

 

 

CUSIP No. 00138L108

 

1. Names of Reporting Persons.
  I.R.S. Identification Nos. of above persons (entities only).
   
  Morningside China TMT Fund II, L.P.
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)    ¨
    (b)    ¨
   
   
3. SEC Use Only
   
   
4. Citizenship or Place of Organization
   
  Cayman Islands
   

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
5. Sole Voting Power
 
  15,345,183
   
6. Shared Voting Power
 
  0
   
7. Sole Dispositive Power
 
  15,345,183
   
8. Shared Dispositive Power
  0

   
9. Aggregate Amount Beneficially Owned by Each Reporting Person
   
  15,345,183
   
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
    ¨
   
   
11. Percent of Class Represented by Amount in Row (9)
   
  16.6%(5)
   
   
12. Type of Reporting Person (See Instructions)
   
  PN
   

 

(5)            The ownership percentage of the Reporting Person is calculated based on a total of 92,416,377 Class A ordinary shares (excluding 8,437,683 Class A ordinary shares issued to depositary bank for purpose of bulk issuance) as of December 31, 2021, as disclosed by the Issuer to the Reporting Person

 

 C: 

Page 4 of 13 pages 

 

 

CUSIP No. 00138L108

 

1. Names of Reporting Persons.
  I.R.S. Identification Nos. of above persons (entities only).
   
  Morningside China TMT Top Up Fund, L.P.
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a)    ¨
    (b)    ¨
   
   
3. SEC Use Only
   
   
4. Citizenship or Place of Organization
   
  Cayman Islands
   

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
5. Sole Voting Power
 
  1,825,679
   
6. Shared Voting Power
 
  0
   
7. Sole Dispositive Power
  1,825,679
   
8. Shared Dispositive Power
 
  0

   
9. Aggregate Amount Beneficially Owned by Each Reporting Person
   
  1,825,679
   
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 
    ¨
   
   
11. Percent of Class Represented by Amount in Row (9)
   
  2.0%(6)
   
   
12. Type of Reporting Person (See Instructions)
   
  PN
   

 

(6)            The ownership percentage of the Reporting Person is calculated based on a total of 92,416,377 Class A ordinary shares (excluding 8,437,683 Class A ordinary shares issued to depositary bank for purpose of bulk issuance) as of December 31, 2021, as disclosed by the Issuer to the Reporting Person.

 

 C: 

Page 5 of 13 pages 

 

 

CUSIP No. 00138L108

 

1. Names of Reporting Persons.
  I.R.S. Identification Nos. of above persons (entities only).
   
  Shanghai Xingpan Investment Management Consulting Co., Ltd.
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
 
    (a)    ¨
    (b)    ¨
   
   
3. SEC Use Only
   
   
4. Citizenship or Place of Organization
   
  People’s Republic of China
   

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
5. Sole Voting Power
 
  1,884,511
   
6. Shared Voting Power
 
  0
   
7. Sole Dispositive Power
 
  1,884,511
   
8. Shared Dispositive Power
 
  0

   
9. Aggregate Amount Beneficially Owned by Each Reporting Person
   
  1,884,511(7)
   
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
    ¨
   
   
11. Percent of Class Represented by Amount in Row (9)
   
  2.0%(8)
   
   
12. Type of Reporting Person (See Instructions)
   
  CO
   

 

(7)            Shanghai Chenxi Venture Capital Center (Limited Partnership) is the record owner of 1,884,511 Class A Ordinary Shares. Shanghai Chenxi Venture Capital Center (Limited Partnership) is controlled by Shanghai Xingpan Investment Management Consulting Co., Ltd., its fund manager. Shanghai Xingpan Investment Management Consulting Co., Ltd. is controlled by an investment committee consisting of three individuals, i.e. Qin Liu, Jianming Shi and Ye Yuan, who have the voting and dispositive powers over the shares held by Shanghai Chenxi Venture Capital Center (Limited Partnership).

 

(8)            The ownership percentage of the Reporting Person is calculated based on a total of 92,416,377 Class A ordinary shares (excluding 8,437,683 Class A ordinary shares issued to depositary bank for purpose of bulk issuance) as of December 31, 2021, as disclosed by the Issuer to the Reporting Person.

 

 C: 

Page 6 of 13 pages 

 

 

CUSIP No. 00138L108

 

1. Names of Reporting Persons.
  I.R.S. Identification Nos. of above persons (entities only).
   
  Shanghai Chenxi Venture Capital Center (Limited Partnership)
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
 
    (a)    ¨
    (b)    ¨
   
   
3. SEC Use Only
   
   
4. Citizenship or Place of Organization
   
  People’s Republic of China
   

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
5. Sole Voting Power
 
  1,884,511
   
6. Shared Voting Power
 
  0
   
7. Sole Dispositive Power
 
  1,884,511
   
8. Shared Dispositive Power
 
  0

   
9. Aggregate Amount Beneficially Owned by Each Reporting Person
   
  1,884,511
   
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 
    ¨
   
   
11. Percent of Class Represented by Amount in Row (9)
   
  2.0%(9)
   
   
12. Type of Reporting Person (See Instructions)
   
  PN
   

 

(9)     The ownership percentage of the Reporting Person is calculated based on a total of 92,416,377 Class A ordinary shares (excluding 8,437,683 Class A ordinary shares issued to depositary bank for purpose of bulk issuance) as of December 31, 2021, as disclosed by the Issuer to the Reporting Person.

 

 C: 

Page 7 of 13 pages 

 

 

 C: 

Item 1.

 

(a)Name of Issuer:

 

ATRenew Inc.

 

(b)Address of Issuer's Principal Executive Offices:

 

12th Floor, No. 6 Building,

433 Songhu Road

Shanghai, People’s Republic of China

 

Item 2.

 

(a)Name of Person Filing:

 

I. TMT General Partner Ltd.

 

II. Morningside China TMT GP II, L.P.

 

III. Morningside China TMT Fund II, L.P.

 

IV. Morningside China TMT Top Up Fund, L.P.

 

V. Shanghai Xingpan Investment Management Consulting Co., Ltd.

 

VI. Shanghai Chenxi Venture Capital Center (Limited Partnership)

 

(b)Address of Principal Business Office or, if none, Residence:

 

I, II, III, IV.     c/o Suite 905-6, 9th Floor

ICBC Tower, Three Garden Road

Hong Kong

V. Room 681, District G, 6th Floor, Building 13,

No. 203, Wushebang Road, Qingpu District

Shanghai, People’s Republic of China

VI Room 693, District G, 6th Floor, Building 13,

No. 203, Wushebang Road, Qingpu District

Shanghai, People’s Republic of China

 

(c)Citizenship:

 

I. II. III. IV. Cayman Islands

V. VI. People’s Republic of China

 

(d)Title of Class of Securities:

 

Class A ordinary shares, par value US$0.001 per share

 

(e)CUSIP Number:

 

00138L108

 

 C: 

Page 8 of 13 pages 

 

 

Item 3.If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

 

Not applicable

 

Item 4.Ownership

 

(a)Amount beneficially owned:

 

See the responses to Item 9 on the attached cover pages.

 

(b)Percent of class:

 

See the responses to Item 11 on the attached cover pages.

 

(c)Number of shares as to which the person has:

 

(i)Sole power to vote or to direct the vote:

 

See the responses to Item 5 on the attached cover pages.

 

(ii)Shared power to vote or to direct the vote:

 

See the responses to Item 6 on the attached cover pages.

 

(iii)Sole power to dispose or to direct the disposition of:

 

See the responses to Item 7 on the attached cover pages.

 

(iv)Shared power to dispose or to direct the disposition of:

 

See the responses to Item 8 on the attached cover pages.

 

Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. are the record owner of 15,345,183 Class A Ordinary Shares and the record owner of 1,825,679 Class A Ordinary Shares. Both Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. are controlled by their general partner, Morningside China TMT GP II, L.P., which, in turn, is controlled by its general partner, TMT General Partner Ltd. TMT General Partner Ltd. is controlled by its board of directors which consists of five individuals, namely Jianming Shi, Qin Liu, Gerald Lokchung Chan, Maria K. Lam and Makim Wai On Andrew Ma. These directors have the voting and dispositive powers over the shares held by Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P.

 

Shanghai Chenxi Venture Capital Center (Limited Partnership) is the record owner of 1,884,511 Class A Ordinary Shares. Shanghai Chenxi Venture Capital Center (Limited Partnership) is controlled by Shanghai Xingpan Investment Management Consulting Co., Ltd., its fund manager. Shanghai Xingpan Investment Management Consulting Co., Ltd. is controlled by an investment committee consisting of three individuals, i.e. Qin Liu, Jianming Shi and Ye Yuan, who have the voting and dispositive powers over the shares held by Shanghai Chenxi Venture Capital Center (Limited Partnership).

 

Item 5.Ownership of Five Percent or Less of a Class

 

Not Applicable

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable

 

 C: 

Page 9 of 13 pages 

 

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not Applicable

 

Item 8.Identification and Classification of Members of the Group

 

Not applicable

 

Item 9.Notice of Dissolution of Group

 

Not applicable

 

Item 10.Certifications

 

Not applicable

 

 C: 

Page 10 of 13 pages 

 

 

SIGNATURE

 

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: February 14, 2022

 

  TMT General Partner Ltd.
   
  By: /s/ LIU, Qin
    Name: LIU, Qin
    Title:  Director
     
     
  Morningside China TMT GP II, L.P.
   
  By: TMT General Partner Ltd., as its general partner
   
  By: /s/ LIU, Qin
    Name: LIU, Qin
    Title:  Director
     
     
  Morningside China TMT Fund II, L.P.
   
  By: Morningside China TMT GP II, L.P., as its general partner
   
  By: TMT General Partner Ltd., as its general partner
   
  By: /s/ LIU, Qin
    Name: LIU, Qin
    Title:  Director
   
   
  Morningside China TMT Top Up Fund, L.P.
   
  By: Morningside China TMT GP II, L.P., as its general partner
   
  By: TMT General Partner Ltd., as its general partner
   
  By: /s/ LIU, Qin
    Name: LIU, Qin
    Title:  Director

 

 C: 

Page 11 of 13 pages 

 

 

  Shanghai Xingpan Investment Management Consulting Co., Ltd.  
   
  By: /s/ LIU, Qin
    Name: LIU, Qin
    Title: Director
   
 

Shanghai Chenxi Venture Capital Center (Limited Partnership)

     
  By: Shanghai Xingpan Investment Management Consulting Co., Ltd., as its Fund Manager
   
  By: /s/ LIU, Qin
    Name: LIU, Qin
    Title: Director

 

 C: 

Page 12 of 13 pages 

 

 

Exhibit Index

 

Exhibit No.   Exhibit
99.1   Joint Filing Agreement

 

 C: 

Page 13 of 13 pages 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G’ Filing    Date    Other Filings
Filed on:2/14/22SC 13G,  SC 13G/A
12/31/2120-F
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