UNITED STATES  
  SECURITIES AND EXCHANGE COMMISSION  
  Washington, D.C. 20549  
     

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. )*

 

BEST Inc.  

(Name of Issuer)

 

 

Class A ordinary shares, par value US$0.01 per share  

(Title of Class of Securities)

 

 

08653C106 1  

(CUSIP Number)

 

 

December 31, 2017  

(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)
o 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).

 

____________________

1 This CUSIP number applies to the Issuer’s ADSs, each representing one Class A ordinary share of the Issuer.

 

 

CUSIP No.08653C106

1

Names of Reporting Persons
IDG-Accel China Capital II L.P.

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(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
19,337,960 Class A ordinary shares (1)
6 Shared Voting Power
862,562 Class A ordinary shares (2)
7 Sole Dispositive Power
19,337,960 Class A ordinary shares (1)
8 Shared Dispositive Power
862,562 Class A ordinary shares (2)
9

Aggregate Amount Beneficially Owned by Each Reporting Person
20,200,522 Class A ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
8.7% (3)

 

12 Type of Reporting Person (See Instructions)
PN

 

(1) The reporting person is the record owner of these shares. By virtue of being the general partner of the reporting person, IDG-Accel China Capital II Associates L.P. may be deemed to have sole voting and dispositive power with respect to these shares. By virtue of being the general partner of IDG-Accel China Capital II Associates L.P., IDG-Accel China Capital GP II Associates Ltd. may be deemed to have sole voting and dispositive power with respect to these shares. By virtue of being shareholders and the two directors of IDG-Accel China Capital GP II Associates Ltd., Quan Zhou and Chi Sing Ho may be deemed to have shared voting and dispositive power with respect to these shares. IDG-Accel China Capital GP II Associates Ltd. is also the general partner of IDG-Accel China Capital II Investors L.P. By virtue of such relationship, IDG-Accel China Capital II Investors L.P. may be deemed to have shared voting and dispositive power with respect to these shares.

 

(2) IDG-Accel China Capital II Investors L.P. is the record owner of these shares. The reporting person and IDG-Accel China Capital II Investors L.P. have the same ultimate general partner. By virtue of such relationship, the reporting person may be deemed to share the voting and dispositive power with respect to these shares.

 

(3) Calculated based on 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of immediately after the Issuer’s initial public offering, as reported in the Issuer’s prospectus on Form 424B4 filed on September 20, 2017.

 

Page 2  of 10


CUSIP No.08653C106 

1 Names of Reporting Persons
IDG-Accel China Capital II Associates L.P.
2

Check the Appropriate Box if a Member of a Group (See Instructions)

(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
19,337,960 Class A ordinary shares (1)
6 Shared Voting Power
862,562 Class A ordinary shares (2)
7 Sole Dispositive Power
19,337,960 Class A ordinary shares (1)
8 Shared Dispositive Power
862,562 Class A ordinary shares (2)
9

Aggregate Amount Beneficially Owned by Each Reporting Person
20,200,522 Class A ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
8.7% (3)

 

12 Type of Reporting Person (See Instructions)
PN

 

(1) IDG-Accel China Capital II L.P. is the record owner of these shares. By virtue of being the general partner of the IDG-Accel China Capital II L.P., the reporting person may be deemed to have sole voting and dispositive power with respect to these shares.

 

(2) IDG-Accel China Capital II Investors L.P. is the record owner of these shares. The reporting person and IDG-Accel China Capital II Investors L.P. have the same ultimate general partner. By virtue of such relationship, the reporting person may be deemed to share the voting and dispositive power with respect to these shares.

 

(3) Calculated based on 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of immediately after the Issuer’s initial public offering, as reported in the Issuer’s prospectus on Form 424B4 filed on September 20, 2017.

 

Page 3  of 10

CUSIP No.08653C106

1

Names of Reporting Persons
IDG-Accel China Capital II Investors L.P.

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(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
862,562 Class A ordinary shares (1)
6 Shared Voting Power
19,337,960 Class A ordinary shares (2)
7 Sole Dispositive Power
862,562 Class A ordinary shares (1)
8 Shared Dispositive Power
19,337,960 Class A ordinary shares (2)
9

Aggregate Amount Beneficially Owned by Each Reporting Person
20,200,522 Class A ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
8.7% (3)

 

12 Type of Reporting Person (See Instructions)
PN

 

(1) The reporting person is the record owner of these shares. By virtue of being the general partner of the reporting person, IDG-Accel China Capital GP II Associates Ltd. may be deemed to have sole voting and dispositive power with respect to these shares. By virtue of being shareholders and the two directors of IDG-Accel China Capital GP II Associates Ltd., Quan Zhou and Chi Sing Ho may be deemed to have shared voting and dispositive power with respect to these shares. IDG-Accel China Capital GP II Associates Ltd. is also the general partner of IDG-Accel China Capital II Associates L.P., which is the general partner of IDG-Accel China Capital II L.P. By virtue of such relationship, each of IDG-Accel China Capital II Associates L.P. and IDG-Accel China Capital II L.P. may be deemed to have shared voting and dispositive power with respect to these shares.

 

(2) IDG-Accel China Capital II L.P. is the record owner of these shares. The reporting person and IDG-Accel China Capital II L.P. have the same ultimate general partner. By virtue of such relationship, the reporting person may be deemed to share the voting and dispositive power with respect to these shares.

 

(3) Calculated based on 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of immediately after the Issuer’s initial public offering, as reported in the Issuer’s prospectus on Form 424B4 filed on September 20, 2017.

 

Page 4  of 10

CUSIP No.08653C106

1

Names of Reporting Persons
IDG-Accel China Capital GP II Associates Ltd.

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)   o  

(b)   o

 

3

SEC Use Only

 

4

Citizenship or Place of Organization
Cayman Islan ds

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5 Sole Voting Power
20,200,522 Class A ordinary shares (1)
6 Shared Voting Power
0
7 Sole Dispositive Power
20,200,522 Class A ordinary shares (1)
8 Shared Dispositive Power
0
9

Aggregate Amount Beneficially Owned by Each Reporting Person
20,200,522 Class A ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
8.7% (2)

 

12 Type of Reporting Person (See Instructions)
CO

 

(1) IDG-Accel China Capital II L.P. and IDG-Accel China Capital II Investors L.P. are the record owner of these shares. By virtue of being the ultimate general partner of IDG-Accel China Capital II L.P. and IDG-Accel China Capital II Investors L.P., the reporting person may be deemed to have sole voting and dispositive power with respect to these shares.

 

(2) Calculated based on 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of immediately after the Issuer’s initial public offering, as reported in the Issuer’s prospectus on Form 424B4 filed on September 20, 2017.

 

Page 5  of 10

CUSIP No.08653C106

1

Names of Reporting Persons
Quan Zhou

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)   o

(b)   o

 

3

SEC Use Only

 

4 Citizenship or Place of Organization
The United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5 Sole Voting Power
0
6 Shared Voting Power
20,200,522 Class A ordinary shares (1)
7 Sole Dispositive Power
0
8 Shared Dispositive Power
20,200,522 Class A ordinary shares (1)
9

Aggregate Amount Beneficially Owned by Each Reporting Person
20,200,522 Class A ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
8.7% (2)

 

12 Type of Reporting Person (See Instructions)
IN

 

(1) Including 19,337,960 Class A ordinary shares of which the record owner is IDG-Accel China Capital II L.P. and 862,562 Class A ordinary shares of which the record owner is IDG-Accel China Capital II Investors L.P. The ultimate general partner of IDG-Accel China Capital II L.P. and IDG-Accel China Capital II Investors L.P. is IDG-Accel China Capital GP II Associates Ltd., of which the reporting person and Chi Sing Ho are shareholders and the two directors. By virtue of such relationships, the reporting person may be deemed to have shared voting and dispositive power with respect to these shares.

 

(2) Calculated based on 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of immediately after the Issuer’s initial public offering, as reported in the Issuer’s prospectus on Form 424B4 filed on September 20, 2017.

 

Page 6  of 10

CUSIP No.08653C106

1 Names of Reporting Persons
Chi Sing Ho
2

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)   o

(b)   o

 

3

SEC Use Only

 

4

Citizenship or Place of Organization
Canad a

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
5 Sole Voting Power
0
6 Shared Voting Power
20,200,522 Class A ordinary shares (1)
7 Sole Dispositive Power
0
8 Shared Dispositive Power
20,200,522 Class A ordinary shares (1)
9

Aggregate Amount Beneficially Owned by Each Reporting Person
20,200,522 Class A ordinary shares

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
8.7% (2)

 

12 Type of Reporting Person (See Instructions)
IN

 

(1) Including 19,337,960 Class A ordinary shares of which the record owner is IDG-Accel China Capital II L.P. and 862,562 Class A ordinary shares of which the record owner is IDG-Accel China Capital II Investors L.P. The ultimate general partner of IDG-Accel China Capital II L.P. and IDG-Accel China Capital II Investors L.P. is IDG-Accel China Capital GP II Associates Ltd., of which the reporting person and Quan Zhou are shareholders and the two directors. By virtue of such relationships, the reporting person may be deemed to have shared voting and dispositive power with respect to these shares.

 

(2) Calculated based on 231,918,452 Class A ordinary shares of the Issuer issued and outstanding as of immediately after the Issuer’s initial public offering, as reported in the Issuer’s prospectus on Form 424B4 filed on September 20, 2017.

 

Page 7  of 10


Item 1(a).  Name of Issuer

 

BEST Inc.

 

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

 

2nd Floor, Block A, Huaxing Modern Industry Park

No. 18 Tangmiao Road, Xihu District, Hangzhou

Zhejiang Province 310013

People’s Republic of China

 

Item 2(a).  Name of Persons Filing

 

  1. IDG-Accel China Capital II L.P.
  2. IDG-Accel China Capital II Associates L.P.
  3. IDG-Accel China Capital II Investors L.P.
  4. IDG-Accel China Capital GP II Associates Ltd.
  5. Quan Zhou
  6. Chi Sing Ho

 

Item 2(b).  Address of Principal Business Office or, If None, Residence

 

For all reporting persons:

 

c/o IDG Capital Management (HK) Limited.

Unit 5505, The Center

99 Queen’s Road Central

Hong Kong

 

Item 2(c).  Citizenship

 

Quan Zhou is a citizen of the United States of America. Chi Sing Ho is a citizen of Canada. Each of IDG-Accel China Capital II L.P., IDG-Accel China Capital II Associates L.P., IDG-Accel China Capital II Investors L.P. and IDG-Accel China Capital GP II Associates Ltd. is organized under the laws of the Cayman Islands.

 

Item 2(d).  Title of Class of Securities

 

Class A ordinary shares, par value US$0.01 per share

 

Item 2(e).  CUSIP Number

 

08653C106 (ADSs)

 

Item 3.   If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

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

 

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

 

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

 

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

 

  (e) o   An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

Page 8  of 10

  (f) o   An employee benefit plan or endowment fund in accordance with Rule 13d–1(b)(1)(ii)(F);

 

  (g) o   A parent holding company or control person in accordance with Rule 13d–1(b)(1)(ii)(G);

 

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

 

  (i) o   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) o   A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

 

  (k) o   Group, in accordance with Rule 13d–1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J), please specify the type of institution: ____.

 

Item 4.  Ownership.

 

The information for each reporting person contained in Items 5-11 of the cover pages is incorporated herein by reference.

 

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

 

N/A.

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

 

 N/A.

 

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

N/A.

 

Item 8.  Identification and Classification of Members of the Group.

 

N/A.

 

Item 9.  Notice of Dissolution of Group.

 

N/A.

 

Item 10.  Certifications.

 

N/A.

 

Page 9  of 10

SIGNATURES

 

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 12, 2018    
 

IDG-Accel China Capital II L.P.

By: IDG-Accel China Capital II Associates L.P.

its General Partner

By: IDG-Accel China Capital GP II Associates Ltd.

General Partner of IDG-Accel China Capital II Associates L.P.

 
     
  By: /s/ Quan ZHOU  
    Name: Quan ZHOU  
    Title:   Authorized Signatory  
   
 

IDG-Accel China Capital II Associates L.P.

By: IDG-Accel China Capital GP II Associates Ltd.

Its General Partner

 
     
  By: /s/ Quan ZHOU  
    Name: Quan ZHOU  
    Title:   Authorized Signatory  
   
 

IDG-Accel China Capital II Investors L.P.

By: IDG-Accel China Capital GP II Associates Ltd.

Its General Partner

 
     
  By: /s/ Quan ZHOU  
    Name: Quan ZHOU  
    Title:   Authorized Signatory  
   
  IDG-Accel China Capital GP II Associates Ltd.  
     
  By: /s/ Quan ZHOU  
    Name: Quan ZHOU  
    Title:   Authorized Signatory  
   
  QUAN ZHOU  
     
  /s/ Quan ZHOU  
   
  CHI SING HO  
     
  /s/ Chi Sing Ho  

 

 

Page 10  of 10

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