Filing Details

Accession Number:
0001104659-23-020619
Form Type:
13G Filing
Publication Date:
2023-02-13 19:00:00
Filed By:
Ggv Capital Iv L.p.
Company:
Contextlogic Inc. (NASDAQ:LOGC)
Filing Date:
2023-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
GGV Capital IV 6. 20,038,408 8. 20,038,408 20,038,408 3.0%
GGV Capital IV Entrepreneurs Fund 6. 424,859 8. 424,859 424,859 0.1%
GGV Capital Select 6. 5,244,232 8. 5,244,232 5,244,232 0.8%
GGV Capital IV 6. 20,463,267 8. 20,463,267 20,463,267 3.0%
GGV Capital Select 6. 5,244,232 8. 5,244,232 5,244,232 0.8%
Jixun Foo 6. 25,707,499 8. 25,707,499 25,707,499 3.8%
Glenn Solomon 6. 25,707,499 8. 25,707,499 25,707,499 3.8%
Jenny Hong Wei Lee 6. 25,707,499 8. 25,707,499 25,707,499 3.8%
Jeffrey Gordon Richards 6. 25,707,499 8. 25,707,499 25,707,499 3.8%
Hans Tung 24,720 25,707,499 24,720 25,707,499 25,732,219 3.8%
Filing
 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 2) *

 

ContextLogic Inc.

(Name of Issuer)

 

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

 

21077C 10 7

(CUSIP Number)

 

December 31, 2022

(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)

 

x      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. 21077C 10 7 13G  

 

1. Names of Reporting Persons
GGV Capital IV L.P.
2. Check the Appropriate Box if a Member of a Group (see instructions)  
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
Delaware, United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power

6. Shared Voting Power
20,038,408 Class A common stock (2)
7. Sole Dispositive Power

8. Shared Dispositive Power
20,038,408 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,038,408 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
3.0% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
PN

 

(1)This statement on Schedule 13G is filed by GGV Capital IV L.P., GGV Capital IV Entrepreneurs Fund L.P., GGV Capital Select L.P., GGV Capital IV L.L.C., Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung (collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)The shares are held directly by GGV Capital IV, L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 2

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
GGV Capital IV Entrepreneurs Fund L.P.
2. Check the Appropriate Box if a Member of a Group (see instructions)  
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
Delaware, United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
424,859 Class A common stock (2)
7. Sole Dispositive Power
 
 
8. Shared Dispositive Power
424,859 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
424,859 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
0.1% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
PN

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)The shares are held directly by GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 3

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
GGV Capital Select L.P.
2. Check the Appropriate Box if a Member of a Group (see instructions)  
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
Delaware, United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
5,244,232 Class A common stock (2)
7. Sole Dispositive Power
 
 
8. Shared Dispositive Power
5,244,232 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
5,244,232 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
0.8% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
PN

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)The shares are held directly by GGV Capital Select L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 4

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
GGV Capital IV L.L.C.
2. Check the Appropriate Box if a Member of a Group (see instructions)  
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
Delaware, United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
20,463,267 Class A common stock (2)
7. Sole Dispositive Power
 
8. Shared Dispositive Power
20,463,267 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,463,267 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
3.0% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
OO

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 20,038,408 Class A common stock held by GGV Capital IV L.P., and (ii) 424,859 Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 5

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
GGV Capital Select L.L.C.
2. Check the Appropriate Box if a Member of a Group (see instructions)  
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
Delaware, United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
5,244,232 Class A common stock (2)
7. Sole Dispositive Power
 
8. Shared Dispositive Power
5,244,232 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
5,244,232 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
0.8% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
OO

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)The shares are held directly by GGV Capital Select L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 6

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
Jixun Foo
2. Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
Singapore
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
25,707,499 Class A common stock (2)
7. Sole Dispositive Power
 
8. Shared Dispositive Power
25,707,499 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
25,707,499 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
3.8% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
IN

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 20,038,408 Class A common stock held by GGV Capital IV L.P., (ii) 424,859 Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P., (iii) 5,244,232 Class A common stock held by GGV Capital Select L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 7

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
Glenn Solomon
2. Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
25,707,499 Class A common stock (2)
7. Sole Dispositive Power
 
8. Shared Dispositive Power
25,707,499 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
25,707,499 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
3.8% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
IN

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 20,038,408 Class A common stock held by GGV Capital IV L.P., (ii) 424,859 Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P., (iii) 5,244,232 Class A common stock held by GGV Capital Select L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 8

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
Jenny Hong Wei Lee
2. Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
Singapore
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
25,707,499 Class A common stock (2)
7. Sole Dispositive Power
 
8. Shared Dispositive Power
25,707,499 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
25,707,499 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
3.8% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
IN

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 20,038,408 Class A common stock held by GGV Capital IV L.P., (ii) 424,859 Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P., (iii) 5,244,232 Class A common stock held by GGV Capital Select L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 9

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
Jeffrey Gordon Richards
2. Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
 
6. Shared Voting Power
25,707,499 Class A common stock (2)
7. Sole Dispositive Power
 
8. Shared Dispositive Power
25,707,499 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
25,707,499 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
3.8% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
IN

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 20,038,408 Class A common stock held by GGV Capital IV L.P., (ii) 424,859 Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P., (iii) 5,244,232 Class A common stock held by GGV Capital Select L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 10

 

 

CUSIP No. 21077C 10 7 13G  

 

1. Names of Reporting Persons
Hans Tung
2. Check the Appropriate Box if a Member of a Group (see instructions)
  (a)   ¨  
  (b)   x (1)  
3. SEC USE ONLY
4. Citizenship or Place of Organization
United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5. Sole Voting Power
24,720 Class A common stock 
6. Shared Voting Power
25,707,499 Class A common stock (2)
7. Sole Dispositive Power
24,720 Class A common stock 
8. Shared Dispositive Power
25,707,499 Class A common stock (2)
9. Aggregate Amount Beneficially Owned by Each Reporting Person
25,732,219 Class A common stock (2)
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions) ¨
11. Percent of Class Represented by Amount in Row 9
3.8% of Class A common stock (3)
12. Type of Reporting Person (see instructions)
IN

 

(1)This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Includes of (i) 20,038,408 Class A common stock held by GGV Capital IV L.P., (ii) 424,859 Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P., (iii) 5,244,232 Class A common stock held by GGV Capital Select L.P. GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee and Jeffrey Gordon Richards own no securities of the Issuer directly.

 

(3)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 11

 

 

CUSIP No. 21077C 10 7 13G  

 

Introductory Note: This statement on Schedule 13G is filed on behalf of the Reporting Persons, in respect of the Class A Common Stock, par value $0.0001 per share ContextLogic Inc. (the “Issuer”).

 

Item 1(a).Name of Issuer:

 

ContextLogic Inc.

 

Item 1(b).Address of Issuer’s Principal Executive Officers:

 

One Sansome Street, 40th Floor

San Francisco, California 94104

 

Item 2(a).Name of Person(s) Filing:

 

GGV Capital IV L.P. 

GGV Capital IV Entrepreneurs Fund L.P. 

GGV Capital IV L.L.C. 

GGV Capital Select L.P. 

GGV Capital Select L.L.C. 

Jixun Foo 

Glenn Solomon 

Jenny Hong Wei Lee 

Jeffrey Gordon Richards 

Hans Tung

 

Item 2(b).Address of Principal Business Office:

 

GGV Capital 

3000 Sand Hill Road, Suite 4-230 

Menlo Park, California 94025 

United States of America

 

Item 2(c).Citizenship or Place of Organization:

 

  Name Citizenship or Place of Organization
  1. GGV Capital IV L.P. Delaware, United States of America
  2. GGV Capital IV Entrepreneurs Fund L.P. Delaware, United States of America
  3. GGV Capital IV L.L.C. Delaware, United States of America
  4. GGV Capital Select L.P. Delaware, United States of America
  5. GGV Capital Select L.L.C. Delaware, United States of America
  6. Jixun Foo Singapore
  7. Glenn Solomon United States of America
  8. Jenny Hong Wei Lee Singapore
  9. Jeffrey Gordon Richards United States of America
  10. Hans Tung United States of America

 

Item 2(d).Title of Class of Securities:

 

Class A Common Stock, par value $0.0001 per share

 

Item 2(e).CUSIP Number:              21077C 10 7

 

Page 12

 

 

CUSIP No. 21077C 10 7 13G  

 

Item 3.If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

Not applicable.

 

Item 4(a).Amount Beneficially Owned:

 

Item 4(b).Percent of Class:

 

Item 4(c).Number of shares as to which such persons have:

 

The following information with respect to the ownership of Class A common stock of the Issuer by the Reporting Persons filing this statement on Schedule 13G as of December 31, 2022:

 

Reporting Persons  Shares Held
Directly
   Shared
Voting Power
   Shared
Dispositive
Power
   Beneficial
Ownership
   Percentage
of Class A
Common
Stock (2)
 
GGV Capital IV L.P.   20,038,408    20,038,408    20,038,408    20,038,408    3.0%
GGV Capital IV Entrepreneurs Fund L.P.   424,859    424,859    424,859    424,859    0.1%
GGV Capital Select L.P.   5,244,232    5,244,232    5,244,232    5,244,232    0.8%
GGV Capital IV L.L.C. (1)   0    20,463,267    20,463,267    20,463,267    3.0%
GGV Capital Select L.L.C. (1)   0    5,244,232    5,244,232    5,244,232    0.8%
Jixun Foo (1)   0    25,707,499    25,707,499    25,707,499    3.8%
Glenn Solomon (1)   0    25,707,499    25,707,499    25,707,499    3.8%
Jenny Hong Wei Lee (1)   0    25,707,499    25,707,499    25,707,499    3.8%
Jeffrey Gordon Richards (1)   0    25,707,499    25,707,499    25,707,499    3.8%
Hans Tung (1)   24,720    25,707,499    25,707,499    25,732,219    3.8%

 

(1)GGV Capital IV L.L.C. serves as the General Partner of GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. As such, GGV Capital IV L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital IV L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital IV L.P. and GGV Capital IV Entrepreneurs Fund L.P. GGV Capital Select L.L.C. serves as the General Partner of GGV Capital Select L.P. As such, GGV Capital Select L.L.C. possesses power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. GGV Capital Select L.L.C. owns no securities of the Issuer directly. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung are Managing Directors of GGV Capital Select L.L.C. As such, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Jeffrey Gordon Richards and Hans Tung possess power to direct the voting and disposition of the shares owned by GGV Capital Select L.P. and may be deemed to have indirect beneficial ownership of the shares held by GGV Capital Select L.P. Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee and Jeffrey Gordon Richards own no securities of the Issuer directly.

 

(2)The percentage of Class A common stock beneficially owned by each of the Reporting Persons is based on a total of 677 million shares of Class A common stock of the Issuer outstanding as of October 31, 2022, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”), filed with the Securities and Exchange Commission on November 9, 2022.

 

Page 13

 

 

CUSIP No. 21077C 10 7 13G  

 

Item 5.Ownership of Five Percent or Less of a Class:

 

If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: