TB Alternative Assets Ltd filed an amended beneficial ownership statement with the SEC on November 2, 2026, disclosing a 4.23% stake in Yunji Inc.'s Class A Ordinary Shares as of September 30, 2026.

Key Highlights

  • Reporting person: TB Alternative Assets Ltd, a Cayman Islands-incorporated investment adviser registered under Section 203 of the Investment Advisers Act of 1940.
  • Beneficial ownership: 83,353,200 Class A Ordinary Shares of Yunji Inc., equivalent to 4.23% of the class.
  • ADS component: The position includes 208,383 American Depositary Shares, each representing 400 Class A Ordinary Shares, quoted on NASDAQ:YJ.
  • Voting and dispositive power: Sole voting and sole dispositive power over all 83,353,200 shares; no shared power reported.
  • Calculation basis: The 4.23% figure is based on 1,970,216,000 total outstanding ordinary shares for all classes as of September 30, 2026.
  • Underlying fund: The shares are held by Trustbridge Partners IV LP, a Cayman-registered private equity fund for which TB Alternative Assets Ltd serves as investment adviser to the investment manager.

TB Alternative Assets Discloses Ownership Position in Yunji Inc.

According to the filing, TB Alternative Assets Ltd submitted Amendment No. 1 to its beneficial ownership statement covering Class A Ordinary Shares of Yunji Inc., a company whose American Depositary Shares are quoted on the Nasdaq Global Market under the symbol "YJ." Yunji Inc.'s principal executive offices are located at 18/F, South Building, Hipark Phase 2, Xiaoshan District, Hangzhou, 310000, Zhejiang Province, People's Republic of China. The event requiring this filing occurred on September 30, 2026.

The filing states that TB Alternative Assets Ltd is an investment adviser acting on behalf of Trustbridge Partners IV LP, described as a Cayman-registered private equity fund. The 83,353,200 Class A Ordinary Shares reported include 208,383 ADSs, with each ADS representing 400 Class A Ordinary Shares. The filer reported sole voting power and sole dispositive power over the entire position, with zero shares subject to shared voting or shared dispositive power.

The filing notes that no CUSIP number has been assigned directly to the Class A Ordinary Shares; CUSIP number 98873N305 belongs to the ADSs. Item 5 of the filing confirms this represents "ownership of 5 percent or less of a class," and the filer certified that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The statement was signed by Shujun Li, Director, on November 2, 2026.

What Was Disclosed

TB Alternative Assets Ltd reported beneficial ownership of 83,353,200 Yunji Inc. Class A Ordinary Shares, representing 4.23% of the class as of September 30, 2026, held through Trustbridge Partners IV LP and including 208,383 ADSs.