FinVolution Group — Major Shareholding Notification 2018

Feb 14, 2018

SC 13G 1 d542811dsc13g.htm SCHEDULE 13G Schedule 13G

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )*

PPDAI Group Inc.

(Name of Issuer)

Class A ordinary shares, $0.00001 par value per share

(Title of Class of Securities)

69354V108**

(CUSIP Number)

December 31, 2017

(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)

☒ 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 disclosures provided in a prior cover page.

** CUSIP number 69354V108 has been assigned to the American depositary shares of the issuer, which are quoted on the New York Stock Exchange under the symbol “PPDF.” Each ADS represents five Class A ordinary shares of the issuer. No CUSIP number has been assigned to ordinary shares of the issuer.

The information required on 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. 69354V108 Page 2 of 7 pages

| 1 | Name of
Reporting Person Lightspeed China Partners I GP, LLC |
| --- | --- |
| 2 | Check the Appropriate Box if a Member
of a Group (a) ☐ (b) ☐ |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of
Organization Cayman
Islands |

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 144,884,100 (1)
6	Shared Voting Power 0
7	Sole Dispositive Power 144,884,100 (1)
8	Shared Dispositive Power 0

9	Aggregate Amount Beneficially Owned by Each Reporting Person 144,884,100 (1)
10	Check if the Aggregate Amount in Row
(9) Excludes Certain Shares ☐
11	Percent of Class Represented by Amount
in Row 9 9.7%
12	Type of Reporting Person CO

(1) Represents (i) 127,454,500 Class A ordinary shares held by Lightspeed China Partners I, L.P., and (ii) 17,429,600 Class A ordinary shares held by Lightspeed China Partners I-A, L.P.

CUSIP No. 69354V108 Page 3 of 7 pages

| 1 | Name of
Reporting Person Lightspeed China Partners I, L.P. |
| --- | --- |
| 2 | Check the Appropriate Box if a Member
of a Group (a) ☐ (b) ☐ |
| 3 | SEC Use Only |
| 4 | Citizenship or Place of
Organization Cayman
Islands |

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 127,454,500
6	Shared Voting Power 0
7	Sole Dispositive Power 127,454,500
8	Shared Dispositive Power 0

9	Aggregate Amount Beneficially Owned by Each Reporting Person 127,454,500
10	Check if the Aggregate Amount in Row
(9) Excludes Certain Shares ☐
11	Percent of Class Represented by Amount
in Row 9 8.5%
12	Type of Reporting Person PN

CUSIP No. 69354V108 Page 4 of 7 pages

Item 1(a).	Name of Issuer: PPDAI Group Inc. (the “Issuer”)
Item 1(b).	Address of Issuer’s Principal Executive Offices: Building G1, No. 999 Dangui Road, Pudong New District, Shanghai 201203, People’s Republic of China
Item 2(a).	Name of Person Filing: Lightspeed China Partners I GP, LLC and Lightspeed China Partners I, L.P. (collectively, the “Reporting
Persons”)
Item 2(b).	Address of Principal Business Office or, if none, Residence: Lightspeed China Partners I GP, LLC P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands Lightspeed China Partners I, L.P. P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands
Item 2(c).	Citizenship: Lightspeed China Partners I GP, LLC – Cayman Islands Lightspeed China Partners I, L.P. – Cayman Islands
Item 2(d).	Title of Class of Securities: Class A ordinary shares, $0.00001 par value per share The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. Each holder of
Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to twenty votes per share on all matters submitted to them for vote. Class B ordinary shares are convertible at any time
by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under
any circumstances.
Item 2(e).	CUSIP Number: 69354V108 This CUSIP number applies to the American
depositary shares of the Issuer, each representing five Class A ordinary shares of the Issuer, par value $0.00001 per share. No CUSIP has been assigned to the ordinary shares.
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:
	Not applicable
Item 4.	Ownership:

Reporting Person — Lightspeed China Partners I GP, LLC	144,884,100	9.7	% (2)	1.0	% (3)	144,884,100	0	144,884,100	0
Lightspeed China Partners I, L.P.	127,454,500	8.5	% (2)	0.9	% (3)	127,454,500	0	127,454,500	0

CUSIP No. 69354V108 Page 5 of 7 pages

(1) Represents (i) 127,454,500 Class A ordinary shares held by Lightspeed China Partners I, L.P., and (ii) 17,429,600 Class A ordinary shares held by Lightspeed China Partners I-A, L.P. Lightspeed China Partners I, L.P. and Lightspeed China Partners I-A, L.P. are Cayman Islands limited partnerships. Lightspeed China Partners I GP, LLC, a limited liability company, is the general partner of both Lightspeed China Partners I, L.P. and Lightspeed China Partners I-A, L.P. Ronald Cao and James Qun Mi each owns 50% of the ownership of Lightspeed China Partners I GP, LLC. Both Ronald Cao and James Qun Mi disclaim beneficial ownership of their shares held by Lightspeed funds, except to the extent of their pecuniary interest therein.

(2) The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 1,503,071,169 ordinary shares (being the sum of 842,071,169 Class A ordinary shares and 661,000,000 Class B ordinary shares) of the Issuer outstanding as of December 31, 2017.

(3) For each Reporting Person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of Class A and Class B ordinary shares of the Issuer as a single class. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to twenty votes per share on all matters submitted to them for vote. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

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 Controlling 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

CUSIP No. 69354V108 Page 6 of 7 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.

Dated: February 14, 2018

Lightspeed China Partners I GP, LLC
/s/ James Qun Mi
Name:	James Qun Mi
Title:	Director
Lightspeed China Partners I, L.P.
By:	/s/ James Qun Mi
Name:	James Qun Mi
Title:	For and on behalf of Lightspeed China Partners I GP, LLC, General Partner; Director of Lightspeed China Partners I GP, LLC

CUSIP No. 69354V108 Page 7 of 7 pages

LIST OF EXHIBITS

Exhibit No.	Description
A	Joint Filing Agreement