UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934*

Jupai Holdings Limited

(Name of Issuer)

Ordinary shares of par value of $0.0005 per share

(Title of Class of Securities)

G52141 101

(CUSIP Number)

January 6, 2016

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

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).

 


 

1

Names of Reporting Persons
SINA Corporation

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

3

SEC Use Only

 

 

 

 

 

4

Citizenship or Place of Organization
Cayman Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
21,798,340 ordinary shares. See Item 4.

 

6

Shared Voting Power
0

 

7

Sole Dispositive Power
21,798,340 ordinary shares. See Item 4.

 

8

Shared Dispositive Power
0

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
21,798,340 ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
11.4%

 

12

Type of Reporting Person
CO

 

 

2


 

1

Names of Reporting Persons
SINA Hong Kong Limited

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

o

 

 

(b)

o

 

3

SEC Use Only

 

 

 

 

 

4

Citizenship or Place of Organization
Hong Kong

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
15,798,340 ordinary shares. See Item 4.

 

6

Shared Voting Power
0

 

7

Sole Dispositive Power
15,798,340 ordinary shares. See Item 4.

 

8

Shared Dispositive Power
0

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
15,798,340 ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
8.2%

 

12

Type of Reporting Person
CO

 

 

3


 

 

Item 1(a).

Name of Issuer:
Jupai Holdings Limited

Item 1(b).

Address of Issuer’s Principal Executive Offices:
10/F Jinsui Building,
No. 379 South Pudong Road, Pudong District,
Shanghai, People's Republic of China

 

 

Item 2(a).

Name of Person Filing:
SINA Corporation
SINA Hong Kong Limited

Item 2(b).

Address of Principal Business Office, or, if none, Residence:
SINA Corporation
SINA Hong Kong Limited
20F Ideal Plaza
No. 58 Bei Si Huan Xi Road,
Beijing, 100080, China

Item 2(c).

Citizenship:
SINA Corporation  – Cayman Islands
SINA Hong Kong Limited – Hong Kong

Item 2(d).

Title of Class of Securities:
Ordinary shares of par value of $0.0005 per share

Item 2(e).

CUSIP No.:
G52141 101

 

Item 3.

Not Applicable

 

 

Item 4.

Ownership

The following information with respect to the ownership of the ordinary shares of par value of $0.0005 per share of Jupai Holdings Limited (the “Issuer”) by each of the reporting persons is provided as of the date hereof:

 

Reporting Person

 

Amount
beneficially
owned:

 

Percent
of class:

 

Sole power to
vote or 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:

 

SINA Corporation

 

21,798,340

 

11.4

%

21,798,340

 

0

 

21,798,340

 

0

 

SINA Hong Kong Limited

 

15,798,340

 

8.2

%

15,798,340

 

0

 

15,798,340

 

0

 

 

SINA Hong Kong Limited is the record owner of 15,798,340 ordinary shares of the Issuer, and is wholly owned by SINA Corporation, which is a public company with its ordinary shares quoted on the Nasdaq Global Select Market.  Memestar Limited, a British Virgin Islands company and a wholly-owned subsidiary of SINA Corporation, owns 1,000,000 American depositary shares (representing 6,000,000 ordinary shares) of the Issuer acquired in the initial public offering of the Issuer in July 2015.

 

4


 

Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, SINA Corporation may be deemed to beneficially own all of the ordinary shares of the Issuer held by SINA Hong Kong Limited and Memestar Limited.

 

The percentages used herein are calculated based upon 192,057,759 ordinary shares of the Issuer issued and outstanding as of January 6, 2016.

 

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 Control Person

Not applicable

 

Item 8.

Identification and Classification of Members of the Group

Not applicable

 

Item 9.

Notice of Dissolution of Group

Not applicable

 

5


 

Item 10.

Certifications

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.

 

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 5, 2016

 

 

SINA Corporation

 

 

 

 

 

By:

/s/ Charles Chao

 

Name:

Charles Chao

 

Title:

Chairman of the Board and CEO

 

 

 

SINA Hong Kong Limited

 

 

 

 

 

By:

/s/ Charles Chao

 

Name:

Charles Chao

 

Title:

Chairman of the Board and CEO

 

6


 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

 

 

 

99.1

 

Joint Filing Agreement

 

7