SEC Form SC 13G/A filed by ATRenew Inc. (Amendment)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
| 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, 2023 |
| (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) |
| x | Rule 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, par value US$0.001 per share (“Ordinary Shares”). CUSIP number 00138L108 has been assigned to the American Depositary Shares (each an “ADS”) of ATRenew Inc. (the “Issuer”), 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).
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 |
| 11,685,013 | ||
| 6. | Shared Voting Power | |
| 0 | ||
| 7. | Sole Dispositive Power | |
| 11,685,013 | ||
| 8. | Shared Dispositive Power | |
| 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | |
| 11,685,013(1) | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | |
| ¨ | ||
| 11. | Percent of Class Represented by Amount in Row (9) | |
| 7.99%(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 11,685,012 Class A Ordinary Shares and the record owner of 1 Class A Ordinary Share, respectively. 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 three individuals, namely Jianming Shi, Qin Liu, and Gerald Lokchung Chan. 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 146,323,318 Class A Ordinary Shares (excluding (i) 2,084,384 Class A Ordinary Shares issued to depositary bank for the purpose of bulk issuance; (ii) 6,820,217 Class A Ordinary Shares underlying ADSs repurchased by the Issuer; and (iii) 5,420,246 treasury shares) as of December 31, 2023, as disclosed by the Issuer to the Reporting Person.
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 |
| 11,685,013 | ||
| 6. | Shared Voting Power | |
| 0 | ||
| 7. | Sole Dispositive Power | |
| 11,685,013 | ||
| 8. | Shared Dispositive Power | |
| 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | |
| 11,685,013(3) | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | |
| ¨ | ||
| 11. | Percent of Class Represented by Amount in Row (9) | |
| 7.99%(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 11,685,012 Class A Ordinary Shares and the record owner of 1 Class A Ordinary Share, respectively. 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 146,323,318 Class A Ordinary Shares (excluding (i) 2,084,384 Class A Ordinary Shares issued to depositary bank for the purpose of bulk issuance; (ii) 6,820,217 Class A Ordinary Shares underlying ADSs repurchased by the Issuer; and (iii) 5,420,246 treasury shares) as of December 31, 2023, as disclosed by the Issuer to the Reporting Person.
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 |
| 11,685,012 | ||
| 6. | Shared Voting Power | |
| 0 | ||
| 7. | Sole Dispositive Power | |
| 11,685,012 | ||
| 8. | Shared Dispositive Power | |
| 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | |
| 11,685,012 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | |
| ¨ | ||
| 11. | Percent of Class Represented by Amount in Row (9) | |
| 7.99%(5) | ||
| 12. | Type of Reporting Person (See Instructions) | |
| PN | ||
(5) The ownership percentage of the Reporting Person is calculated based on a total of 146,323,318 Class A Ordinary Shares (excluding (i) 2,084,384 Class A Ordinary Shares issued to depositary bank for the purpose of bulk issuance; (ii) 6,820,217 Class A Ordinary Shares underlying ADSs repurchased by the Issuer; and (iii) 5,420,246 treasury shares) as of December 31, 2023, as disclosed by the Issuer to the Reporting Person.
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 | ||
| 6. | Shared Voting Power | |
| 0 | ||
| 7. | Sole Dispositive Power | |
| 1 | ||
| 8. | Shared Dispositive Power | |
| 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | |
| 1 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | |
| ¨ | ||
| 11. | Percent of Class Represented by Amount in Row (9) | |
| 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 146,323,318 Class A Ordinary Shares (excluding (i) 2,084,384 Class A Ordinary Shares issued to depositary bank for the purpose of bulk issuance; (ii) 6,820,217 Class A Ordinary Shares underlying ADSs repurchased by the Issuer; and (iii) 5,420,246 treasury shares) as of December 31, 2023, as disclosed by the Issuer to the Reporting Person.
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 |
| 132,811 | ||
| 6. | Shared Voting Power | |
| 0 | ||
| 7. | Sole Dispositive Power | |
| 132,811 | ||
| 8. | Shared Dispositive Power | |
| 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | |
| 132,811(7) | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | |
| ¨ | ||
| 11. | Percent of Class Represented by Amount in Row (9) | |
| 0.09%(8) | ||
| 12. | Type of Reporting Person (See Instructions) | |
| CO | ||
(7) Shanghai Chenxi Venture Capital Center (Limited Partnership) is the record owner of 132,811 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, namely 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 146,323,318 Class A Ordinary Shares (excluding (i) 2,084,384 Class A Ordinary Shares issued to depositary bank for the purpose of bulk issuance; (ii) 6,820,217 Class A Ordinary Shares underlying ADSs repurchased by the Issuer; and (iii) 5,420,246 treasury shares) as of December 31, 2023, as disclosed by the Issuer to the Reporting Person.
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 |
| 132,811 | ||
| 6. | Shared Voting Power | |
| 0 | ||
| 7. | Sole Dispositive Power | |
| 132,811 | ||
| 8. | Shared Dispositive Power | |
| 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | |
| 132,811 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares | |
| ¨ | ||
| 11. | Percent of Class Represented by Amount in Row (9) | |
| 0.09%(9) | ||
| 12. | Type of Reporting Person (See Instructions) | |
| PN | ||
(9) The ownership percentage of the Reporting Person is calculated based on a total of 146,323,318 Class A Ordinary Shares (excluding (i) 2,084,384 Class A Ordinary Shares issued to depositary bank for the purpose of bulk issuance; (ii) 6,820,217 Class A Ordinary Shares underlying ADSs repurchased by the Issuer; and (iii) 5,420,246 treasury shares) as of December 31, 2023, as disclosed by the Issuer to the Reporting Person.
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 (“Ordinary Shares”)
| (e) | CUSIP Number: |
There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 00138L108 has been assigned to the American Depositary Shares (each an “ADS”) of ATRenew Inc. (the “Issuer”), which are quoted on the New York Stock Exchange under the symbol “RERE.” Every three ADSs represents two Class A Ordinary Shares.
| 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: |
The information required by Items 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference.
| (b) | Percent of class: |
The information required by Items 4(a) is set forth in Row 11 of the cover page for each Reporting Person and is incorporated herein by reference.
| (c) | Number of shares as to which the person has: |
The information required by Items 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
Morningside China TMT Fund II, L.P. and Morningside China TMT Top Up Fund, L.P. are the record owner of 11,685,012 Class A Ordinary Shares and the record owner of 1 Class A Ordinary Share, respectively. 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 three individuals, namely Jianming Shi, Qin Liu, and Gerald Lokchung Chan. 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 132,811 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, namely 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
| 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
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, 2024
| 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 | ||
| 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 | ||
Exhibit Index