Sec Form 13G Filing - Richard Qiangdong Liu filing for - 2025-05-13

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox not checked   Rule 13d-1(c)
Checkbox checked   Rule 13d-1(d)






SCHEDULE 13G



Comment for Type of Reporting Person:  1. The 362,313,258 shares beneficially owned with sole voting power include 16,707,928 shares beneficially owned by Fortune Rising Holdings Limited, which holds and administers these shares for the benefit of employees of the Issuer under the Issuer's share incentive plans (excluding Mr. Richard Qiangdong Liu himself). Mr. Liu can exercise the voting power with respect to these shares on behalf of Fortune Rising Holdings Limited, but does not have any economic interest in these shares. 2. The voting power of the shares beneficially owned represent 71.8% of the total outstanding voting power of the Issuer. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of March 31, 2025 (taking into account the number of shares that the Reporting Person had the right to acquire upon exercise of options that shall have become vested by 60 days after March 31, 2025). Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B Shares is entitled to twenty votes per share on all matters submitted to them for a vote. 3. During the first quarter of 2025, Fortune Rising Holdings Limited sold an aggregate of 208,945 ADSs in the open market on behalf of certain employees of the Issuer (which do not include Mr. Richard Qiangdong Liu). Fortune Rising Holdings Limited holds the Class B ordinary shares of the Issuer for the purpose of transferring such shares to the plan participants according to awards granted by the Issuer under the Issuer's share incentive plans, and administers the awards and acts according to the Issuer's instructions. However, the logistical procedures relating to the conversion of 417,890 Class B ordinary shares held by Fortune Rising Holdings Limited into 208,945 ADSs had not been completed as of March 31, 2025. Assuming such logistics had been completed as of March 31, 2025, Mr. Liu would have beneficially owned a total of 361,895,368 ordinary shares, representing 12.5% of the total outstanding ordinary shares of the Issuer, and the voting power of the shares beneficially owned represented 7 1.8% of the total outstanding voting power.


SCHEDULE 13G



Comment for Type of Reporting Person:  1. The voting power of the shares beneficially owned represent 68.1% of the total outstanding voting power of the Issuer. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of March 31, 2025. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B Shares is entitled to twenty votes per share on all matters submitted to them for a vote.


SCHEDULE 13G



Comment for Type of Reporting Person:  1. Fortune Rising Holdings Limited, a British Virgin Islands company, holds and administers the Class B ordinary shares of the Issuer for the benefit of plan participants under the Issuer's share incentive plans (excluding Mr. Richard Qiangdong Liu himself), such as transferring such shares to the plan participants according to awards granted by the Issuer under the Issuer's share incentive plans, and administers the awards and acts according to the Issuer's instructions. 2. The voting power of the shares beneficially owned represent 3.7% of the total outstanding voting power of the Issuer. The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of March 31, 2025. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B Shares is entitled to twenty votes per share on all matters submitted to them for a vote. 3. During the first quarter of 2025, Fortune Rising Holdings Limited sold an aggregate of 208,945 ADSs in the open market on behalf of certain employees of the Issuer (which do not include Mr. Richard Qiangdong Liu). Fortune Rising Holdings Limited holds the Class B ordinary shares of the Issuer for the purpose of transferring such shares to the plan participants according to awards granted by the Issuer under the Issuer's share incentive plans, and administers the awards and acts according to the Issuer's instructions. However, the logistical procedures relating to the conversion of 417,890 Class B ordinary shares held by Fortune Rising Holdings Limited into 208,945 ADSs had not been completed as of March 31, 2025. Assuming such logistics had been completed as of March 31, 2025, Fortune Rising Holdings Limited would have beneficially owned a total of 16,290,038 Class B ordinary shares, representing 0.6% of the total outstanding ordinary shares of the Issuer, and the voting power of the shares beneficially owned represented 3.6% of the total outstanding voting power.


SCHEDULE 13G


 
Richard Qiangdong Liu
 
Signature:/s/ Richard Qiangdong Liu
Name/Title:Richard Qiangdong Liu
Date:05/13/2025
 
Max Smart Limited
 
Signature:/s/ Richard Qiangdong Liu
Name/Title:Richard Qiangdong Liu, Director
Date:05/13/2025
 
Fortune Rising Holdings Limited
 
Signature:/s/ Richard Qiangdong Liu
Name/Title:Richard Qiangdong Liu, Director
Date:05/13/2025
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