13D Filing: Greenwoods Asset Management Ltd and Idreamsky Technology Ltd

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13D

CUSIP No. 45173K101 Page 7 of 14 Pages

Preamble

This Statement on Schedule 13D (this “Schedule 13D”) relates to Class A ordinary shares of iDreamSky Technology Limited, a Cayman Islands
company (the “Issuer”), and is being filed by Greenwoods China Alpha Master Fund, Greenwoods Asset Management Limited, Greenwoods Asset Management Holdings Limited, Unique Element Corp and Jinzhi Jiang as a result of the events described
in Item 4 below.

Item 1. Security and Issuer.

The title and class of equity securities to which this Schedule 13D relates are
the Class A ordinary shares (“Class A Shares”) (together with Class B ordinary shares, par value US$0.0001 per share (Class B Shares”), the “Ordinary Shares”), par value US$0.0001 per share, of the Issuer. The address
of the principal executive offices of the Issuer is 16/F, A3 Building, Kexing Science Park, 15 Keyuan Road North, Nanshan District, Shenzhen, Guangdong, 518057, the People’s Republic of China.

The rights of the holders of Class A Shares and Class B Shares are identical, except with respect to conversion rights and voting rights. Each Class B
Share is convertible at the option of the holder into one Class A Share. Each Class B Shares is entitled to ten votes, whereas each Class A Share is entitled to one vote.

The Issuer’s American Depositary Shares (the “ADSs”), evidenced by American Depositary Receipts, each representing four Class A Shares,
are listed on the NASDAQ Global Select Market under the symbol “DSKY.”

Item 2. Identity and Background.

(a) – (c), (f) This Statement is being filed by Greenwoods China Alpha
Master Fund, Greenwoods Asset Management Limited, Greenwoods Asset Management Holdings Limited, Unique Element Corp and Jinzhi Jiang. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting
Persons.”

Greenwoods China Alpha Master Fund is a limited partnership registered under the laws of Cayman Islands. The principal business of
Greenwoods China Alpha Master Fund is investment management and its business address is 190 Elgin Avenue, George Town, Grand Cayman, KY1-9005, Cayman Islands.

Greenwoods Asset Management Limited, the manager of Greenwoods China Alpha Master Fund, is an exempted Cayman Islands company. The principal business of
Greenwoods Asset Management Limited is investment management and its business address is Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111 Cayman Islands, British West Indies. Mr. Jinzhi Jiang is the CEO and CIO of Greenwoods
Asset Management Limited.

Greenwoods Asset Management Limited is wholly owned by Greenwoods Asset Management Holdings Limited. Greenwoods Asset
Management Holdings Limited is a British Virgin Islands company. The principal business of Greenwoods Asset Management Holdings Limited is investment holdings as a holding company and its business address is Sea Meadow House, Blackburne Highway,
Road Town, Tortola, British Virgin Islands.

Greenwoods Asset Management Holdings Limited is 81% owned by Unique Element Corp, 11% owned by Private Legend
Limited and 8% owned by Treasure Manley Limited. Unique Element Corp is a British Virgin Islands company. The principal business of Unique Element Corp is investment holdings as a holding company and its business address is Sea Meadow House,
Blackburne Highway, Road Town, Tortola, British Virgin Islands.

Mr. Jinzhi Jiang is the CEO and CIO of Greenwoods Asset Management Limited and the
sole beneficial owner of Unique Element Corp. His business address is 27/F, 1155 Fangdian Road, Kerry Parkside Office, Shanghai, the People’s Republic of China 201204.

(d) – (e) During the last five years, none of the Reporting Persons has been: (i) convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

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