Sec Form 13G Filing - SB INVESTMENT ADVISERS (UK) LTD filing for DINGDONG CAYMAN LTD ADR (DDL) - 2021-07-12

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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Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.    )*

 

 

Dingdong (Cayman) Limited

(Name of Issuer)

Class A Ordinary Shares, par value $0.000002 per share

(Title of Class of Securities)

25445D101

(CUSIP Number)

July 1, 2021

(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 the disclosures provided in a prior cover page.

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. 25445D101    Schedule 13G    Page 1 of 8

 

  1    

  Names of Reporting Persons

 

  SB Investment Advisers (UK) Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  England and Wales

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  20,906,600

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  20,906,600

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 25445D101    Schedule 13G    Page 2 of 8

 

  1    

  Names of Reporting Persons

 

  SoftBank Vision Fund II-2, 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

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  20,906,600

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  20,906,600

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 25445D101    Schedule 13G    Page 3 of 8

 

  1    

  Names of Reporting Persons

 

  SVF II Cortex Subco (DE) LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     5     

  Sole Voting Power

 

  0

     6   

  Shared Voting Power

 

  20,906,600

     7   

  Sole Dispositive Power

 

  0

     8   

  Shared Dispositive Power

 

  20,906,600

9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)

 


CUSIP No. 25445D101    Schedule 13G    Page 4 of 8

 

ITEM 1.

(a)     Name of Issuer:

Dingdong (Cayman) Limited (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

Building 6, 500 Shengxia Road,

Shanghai, 200125

People’s Republic of China

 

ITEM 2.

(a)     Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

SB Investment Advisers (UK) Limited (“SBIA UK”)

SoftBank Vision Fund II-2, L.P. (“SVF II-2”)

SVF II Cortex Subco (DE) LLC (“Cortex Subco”)

 

  (b)

Address or Principal Business Office:

The address for SBIA UK is 69 Grosvenor Street, London W1K 3JP, United Kingdom. The address for SVF II-2 is c/o Crestbridge, 1st Floor, Charter Place, 23-27 Seaton Pl, JE2 3QL, Jersey. The address for Cortex Subco is 251 Little Falls Drive, Wilmington, Delaware, 19808.

 

  (c)

Citizenship of each Reporting Person is:

SBIA UK is organized under the laws of England and Wales. SVF II-2 is organized under the laws of Jersey. Cortex Subco is organized under the laws of the state of Delaware.

 

  (d)

Title of Class of Securities:

Class A ordinary shares, par value $0.000002 per share (“Class A ordinary shares”).

 

  (e)

CUSIP Number:

There is no CUSIP number assigned to the Class A ordinary shares. CUSIP number 25445D101 has been assigned to the American Depositary Shares of the Issuer (“ADSs”). Each two ADSs represents three Class A ordinary shares.

 

ITEM 3.

Not applicable.


CUSIP No. 25445D101    Schedule 13G    Page 5 of 8

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Class A ordinary shares of the Issuer as of July 1, 2021, based upon 299,533,200 Class A ordinary shares outstanding as of July 1, 2021.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

SB Investment Advisers (UK) Limited

     20,906,600        7.0     0        20,906,600        0        20,906,600  

SoftBank Vision Fund II-2, L.P.

     20,906,600        7.0     0        20,906,600        0        20,906,600  

SVF II Cortex Subco (DE) LLC

     20,906,600        7.0     0        20,906,600        0        20,906,600  

Cortex Subco is the record holder of 20,906,600 Class A ordinary shares, which consists of 19,331,600 Class A ordinary shares and 1,575,000 Class A ordinary shares represented by 1,050,000 ADSs.

Cortex Subco is indirectly controlled by SVF II-2. SBIA UK has been appointed as alternative investment fund manager (“AIFM”) and is exclusively responsible for managing SVF II-2 in accordance with the Alternative Investment Fund Managers Directive and is authorized and regulated by the UK Financial Conduct Authority accordingly. As AIFM of SVF II-2, SBIA UK is exclusively responsible for making all decisions related to the acquisition, structuring, financing and disposal of SVF II-2’s investments.

 

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.

Not applicable.


CUSIP No. 25445D101    Schedule 13G    Page 6 of 8

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


CUSIP No. 25445D101    Schedule 13G    Page 7 of 8

 

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: July 12, 2021

 

SB Investment Advisers (UK) Limited
By:   /s/ Brian Wheeler
Name:   Brian Wheeler
Title:   General Counsel
SoftBank Vision Fund II-2, L.P.
By:   SB Investment Advisers (UK) Limited, its Manager
By:   /s/ Brian Wheeler
Name:   Brian Wheeler
Title:   General Counsel
SVF II Cortex Subco (DE) LLC
By:   /s/ Ian McLean
Name:  

Ian McLean

Title:   Director


CUSIP No. 25445D101    Schedule 13G    Page 8 of 8

 

LIST OF EXHIBITS

 

Exhibit No.   

Description

99    Joint Filing Agreement.