TB Alternative Assets 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
BITAUTO HOLDINGS LTD-ADR BITA US	SPONSORED ADS	091727107	15,973	644,324	SH		DFND		644,324	0	0
CTRIP.COM INTERNATIONAL-ADR CTRP US	AMERICAN DEP SHS	22943F100	24,427	551,900	SH		DFND		551,900	0	0
JD.COM INC-ADR JD US	SPON ADR CL A	47215P106	17,037	642,892	SH		DFND		642,892	0	0
RENREN INC-ADR RENN US	SPONSORED ADR	759892102	198	60,444	SH		DFND		60,444	0	0
SINA CORP SINA US	ORD	G81477104	22,828	481,910	SH		DFND		481,910	0	0
WEIBO CORP-SPON ADR WB US	SPONSORED ADR	948596101	960	53,486	SH		DFND		53,486	0	0
58.COM INC-ADR WUBA US	SPON ADR REP A	31680Q104	7,912	142,183	SH		DFND		142,183	0	0
TAL EDUCATION GROUP- ADR XRS US	ADS REPSTG COM	874080104	994	20,000	SH		DFND		20,000	0	0
YY INC-ADR YY US	ADS REPCOM CLA	98426T106	3,424	55,600	SH		DFND		55,600	0	0