SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MOGU Inc.

(Name of Issuer)

Class A Ordinary Share, par value of US$0.00001 per share

(Title of Class of Securities)

608012308

(CUSIP Number)

11/09/2018

(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)

SCHEDULE 13G

CUSIP No.

608012308

Names of Reporting Persons

TB Alternative Assets Ltd

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 206,730,009.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 206,730,009.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

206,730,009.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

8.39 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Item 5 and 7: Number of shares beneficially owned as of 31 Dec 2024. Including 689,100 American Depositary Shares ("ADSs"), and 9 shares of Class A Ordinary Shares that are not tradable in the market. Item 11: Calculation is based on 2,464,803,304 outstanding ordinary shares for all classes as of 31 Dec 2024. Note: There is no CUSIP number assigned to the Class A Ordinary Shares. CUSIP number 608012308 has been assigned to the American Depositary Shares ("ADSs") of the Issuer, which are quoted on the New York Stock Exchange under the symbol "MOGU." Each ADS represents 300 Class A Ordinary Shares.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

MOGU Inc.

(b)

Address of issuer's principal executive offices:

Mingqi Center, 8/F, Building No. 1, No. 666 Zhenhua Road, Xihu District, Hangzhou, 310012, People's Republic of China

Item 2.

(a)

Name of person filing:

TB Alternative Assets Ltd This statement is filed by TB Alternative Assets Ltd, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, with respect to the portion of Class A Ordinary Shares (as defined by 2(d) below) held by Trustbridge Partners IV LP, a Cayman registered private equity fund. TB Alternative Assets Ltd acts as the investment adviser of the investment manager of Trustbridge Partners IV LP.

(b)

Address or principal business office or, if none, residence:

c/o Maples Corporate Services Limited, Ugland House, Grand Cayman, Cayman Islands, KY1-1104

(c)

Citizenship:

Cayman Islands

(d)

Title of class of securities:

Class A Ordinary Share, par value of US$0.00001 per share

(e)

CUSIP No.:

608012308

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

Amount beneficially owned: 206,730,009 (Includes 689,100 American Depositary Shares ("ADSs"), and 9 shares of Class A Ordinary Shares that are not tradable in the market.)

(b)

Percent of class:

8.39 %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

206,730,009

(ii) Shared power to vote or to direct the vote:

(iii) Sole power to dispose or to direct the disposition of:

206,730,009

(iv) Shared power to dispose or to direct the disposition of:

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 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

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

TB Alternative Assets Ltd

Signature:	/s/ Shujun Li
Name/Title:	Director
Date:	02/06/2025

SEC Form SCHEDULE 13G filed by MOGU Inc.