TB Alternative Assets Ltd. - 12 May 2026 SCHEDULE 13D/A Report for Cloopen Group Holding Limited Class A Ordinary Shares, par value US$0.0001 per share (RAASY)

Filing manager
TB Alternative Assets Ltd.
Reporting owner
TB Alternative Assets Ltd.
Security
Cloopen Group Holding Limited Class A Ordinary Shares, par value US$0.0001 per share
Beneficially owned shares
38,474,611 shares
Ownership signal CIK-linked ownership evidence from parsed SEC filings. 2 signals
Large-stake signal

Form

SCHEDULE 13D/A

Active or control-oriented beneficial ownership filing.

Ownership

12%

Beneficial ownership of this reported class.

Shares

38,474,611 shares

Shares beneficially owned as disclosed.

Event date

12 May 2026

Date tied to the ownership event or amendment.

Accepted by SEC

13 May 2026

EDGAR acceptance date.

How to read this large-stake filing
  • Schedule 13D/G filings focus on beneficial ownership stakes, not a full portfolio.
  • Compare this filing with the holder history and issuer page before treating the percentage as a current position.
  • Use amendments to understand whether the disclosed stake increased, decreased, or changed reporting status.
Class ownership
12%
Subject security Names, identifiers, and filing context for this profile. 2 source fields
Symbol
RAASY
Shares outstanding
316,663,465 shares
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
SCHEDULE 13D/A
Accepted by SEC
13 May 2026, 13:49:33 UTC
Event date
12 May 2026
Prior SEC filing
30 Dec 2025
Source filing
View source filing

Key filing fact

TB Alternative Assets Ltd. disclosed 12% ownership in Cloopen Group Holding Limited Class A Ordinary Shares, par value US$0.0001 per share (RAASY) on 12 May 2026.

Key facts

  • TB Alternative Assets Ltd. filed SCHEDULE 13D/A for Cloopen Group Holding Limited Class A Ordinary Shares, par value US$0.0001 per share (RAASY).
  • Disclosed ownership: 12%.
  • Date of event: 12 May 2026.

Change

  • Previous schedule filing date: 30 Dec 2025.
  • Current filing was accepted on 13 May 2026, 13:49.

Research use

  • This page turns one Schedule 13D/G filing into a quick large-stake read before the raw reporting-person rows.
  • Use the linked SEC filing as the source of truth for ownership percentages, shares, and reporting-party details.

Evidence

Backed by Schedule 13D/13G

Beneficial ownership values are sourced from the original SEC Schedule 13D/13G filing.

View source filing

Reporting persons

Disclosed reporting parties (15)

Names, ownership percentages, voting power, signatures, titles, and CIKs as disclosed in this Schedule 13D/G filing.

Name Ownership Shares owned Sole voting power Shared voting power Signature Title CIK
TB Alternative Assets Ltd. 12% 38,474,611 38,474,611 0 /s/ Shujun Li Shujun Li, Director 0001483503
Trustbridge Partners V, L.P. 12% 38,474,611 38,474,611 0 /s/ Verity Priest Verity Priest, Authorized Signatory 0001618396
Trustbridge Partners VII, L.P. 12% 38,474,611 0 38,474,611 /s/ Verity Priest Verity Priest, Authorized Signatory 0001833327
TB Partners GP5 Limited 12% 38,474,611 38,474,611 0 /s/ Verity Priest Verity Priest, Director
TB Partners GP7 Limited 12% 38,474,611 0 38,474,611 /s/ Verity Priest Verity Priest, Director
Changxun Sun 8.1% 27,649,839 27,649,839 0 /s/ Changxun Sun Changxun Sun 0001907822
Cloopen Co., Ltd. 7.5% 25,649,839 25,649,839 0 /s/ Changxun Sun Changxun Sun, Director
Flawless Success Limited 2% 6,410,750 6,410,750 0 /s/ Menghan Du Menghan Du, Director of Kastle Limited which is the director of Flawless Success Limited
Tencent Holdings Limited 4.1% 13,049,682 13,049,682 0 /s/ Huateng Ma Huateng Ma, Director 0001293451
Image Frame Investment (HK) Limited 3.7% 11,799,684 11,799,684 0 /s/ Tse Cheuk Yin Tiffany Tse Cheuk Yin Tiffany, Director 0001970144
Parantoux Vintage PE Ltd. 0.99% 3,123,446 3,123,446 0 /s/ Yang Diao Yang Diao, Director
Yang Diao 0.99% 3,123,446 3,123,446 0 /s/ Yang Diao Yang Diao
Novo Investment HK Limited 3.7% 11,799,685 11,799,685 0 /s/ Fei Xun Fei Xun, Director
Shenzhen Nuohe Investment Partnership Enterprise (Limited Partnership) 3.7% 11,799,685 11,799,685 0 /s/ Shuguang Shi Shuguang Shi, Authorized Signatory
China Reform Venture Capital Investment Management (Shenzhen) Ltd. 3.7% 11,799,685 11,799,685 0 /s/ Jie Huang Jie Huang, Authorized Signatory
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