Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

Dingdong (Cayman) Limited

(Name of Issuer)

Class A Ordinary Shares, par value $0.000002 per share

(Title of Class of Securities)

25445D101

(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)

☐ 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. 25445D101   Schedule 13G   Page 1 of 11

 

  1    

  Names of Reporting Persons

 

  SB Global Advisers Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  England and Wales

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  20,906,600

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  20,906,600

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 25445D101   Schedule 13G   Page 2 of 11

 

  1    

  Names of Reporting Persons

 

  SoftBank Vision Fund II-2 L.P.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  20,906,600

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  20,906,600

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 25445D101   Schedule 13G   Page 3 of 11

 

  1    

  Names of Reporting Persons

 

  SVF II Aggregator (Jersey) LP

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Jersey

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  20,906,600

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  20,906,600

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 25445D101   Schedule 13G   Page 4 of 11

 

  1    

  Names of Reporting Persons

 

  SVF II Holdings (DE) LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  20,906,600

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  20,906,600

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)


CUSIP No. 25445D101   Schedule 13G   Page 5 of 11

 

  1    

  Names of Reporting Persons

 

  SVF II Cortex Subco (DE) LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  20,906,600

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  20,906,600

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,906,600

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.0%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)


CUSIP No. 25445D101   Schedule 13G   Page 6 of 11

 

  1    

  Names of Reporting Persons

 

  SB Investment Advisers (UK) Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  England and Wales

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

  0

   6   

  Shared Voting Power

 

  0

   7   

  Sole Dispositive Power

 

  0

   8   

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  0

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  0.0%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 25445D101   Schedule 13G   Page 7 of 11

 

ITEM 1.

(a)     Name of Issuer:

Dingdong (Cayman) Limited (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

Building 6, 500 Shengxia Road,

Shanghai, 200125

People’s Republic of China

 

ITEM 2.

(a)     Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

SB Global Advisers Limited (“SBGA”)

SoftBank Vision Fund II-2 L.P. (“SVF II-2”)

SVF II Aggregator (Jersey) LP (“Aggregator”)

SVF II Holdings (DE) LLC (“Holdings”)

SVF II Cortex Subco (DE) LLC (“Cortex Subco”)

SB Investment Advisers (UK) Limited (“SBIA UK”)

 

  (b)

Address or Principal Business Office:

The address for each of SBIA UK and SBGA is 69 Grosvenor Street, London W1K 3JP, United Kingdom. The address for each of SVF II-2 and Aggregator is c/o Crestbridge, 47 Esplanade, St. Helier, Jersey JE1 0BD. The address for each of Holdings and Cortex Subco is 251 Little Falls Drive, Wilmington, Delaware, 19808.

 

  (c)

Citizenship of each Reporting Person is:

Each of SBIA UK and SBGA is organized under the laws of England and Wales. Each of SVF II-2 and Aggregator is organized under the laws of Jersey. Each of Holdings and Cortex Subco is organized under the laws of the state of Delaware.

 

  (d)

Title of Class of Securities:

Class A ordinary shares, par value $0.000002 per share (“Class A ordinary shares”).


CUSIP No. 25445D101   Schedule 13G   Page 8 of 11

 

  (e)

CUSIP Number:

There is no CUSIP number assigned to the Class A ordinary shares. CUSIP number 25445D101 has been assigned to the American Depositary Shares of the Issuer (“ADSs”). Each two ADSs represents three Class A ordinary shares.

 

ITEM 3.

Not applicable.

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Class A ordinary shares of the Issuer as of December 31, 2022, based upon 299,797,728 Class A ordinary shares outstanding as of December 31, 2021, as disclosed in the Issuer’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on May 2, 2022.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
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:

 

SB Global Advisers Limited

     20,906,600        7.0     0        20,906,600        0        20,906,600  

SoftBank Vision Fund II-2 L.P.

     20,906,600        7.0     0        20,906,600        0        20,906,600  

SVF II Aggregator (Jersey) LP

     20,906,600        7.0     0        20,906,600        0        20,906,600  

SVF II Holdings (DE) LLC

     20,906,600        7.0     0        20,906,600        0        20,906,600  

SVF II Cortex Subco (DE) LLC

     20,906,600        7.0     0        20,906,600        0        20,906,600  

SB Investment Advisers (UK) Limited

     0        0.0     0        0        0        0  

Cortex Subco is the record holder of 20,906,600 Class A ordinary shares, which consists of 19,331,600 Class A ordinary shares and 1,575,000 Class A ordinary shares represented by 1,050,000 ADSs. SVF II-2 is the sole limited partner of Aggregator, which is the sole member of Holdings, which is the sole member of Cortex Subco.

SBGA has been appointed as manager and is responsible for making all decisions related to the acquisition, structuring, financing and disposal of SVF II-2’s investments. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities reported herein.


CUSIP No. 25445D101   Schedule 13G   Page 9 of 11

 

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 Person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ☒

Following an internal reorganization, SBIA UK ceased to be the beneficial owner of the securities reported herein.

 

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.

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.

Certification.

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.


CUSIP No. 25445D101   Schedule 13G   Page 10 of 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.

Date: February 13, 2023

 

SB Global Advisers Limited
By:   /s/ Alex Clavel
Name:   Alex Clavel
Title:   Director
SoftBank Vision Fund II-2 L.P.
By: SB Global Advisers Limited, its Manager
By:   /s/ Alex Clavel
Name:   Alex Clavel
Title:   Director
SVF II Aggregator (Jersey) L.P.
By: SB Global Advisers Limited, its Manager
By:   /s/ Alex Clavel
Name:   Alex Clavel
Title:   Director
SVF II Holdings (DE) LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SVF II Cortex Subco (DE) LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SB Investment Advisers (UK) Limited
By:   /s/ Amanda Sanchez-Barry
Name:   Amanda Sanchez-Barry
Title:   General Counsel


CUSIP No. 25445D101   Schedule 13G   Page 11 of 11

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99    Joint Filing Agreement.
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