CUSIP NO.   92763W103 13D Page 1 of 22

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13D/A

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (a)

 

(Amendment No. 4)

 

Vipshop Holdings Limited

(Name of Issuer) 

 

American Depositary Shares (ADS), each representing

Two Ordinary Shares, par value $0.0001 per share

 

(Title of Class of Securities)

92763W103

(CUSIP Number) 

 

André Levi

c/o DCM

2420 Sand Hill Road, Suite 200

Menlo Park, CA 94025

(650) 233-1400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 

 

COPY TO:

Christine Wichrowski, Esq.

c/o Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP

1200 Seaport Boulevard, Redwood City, California 94063

(650) 321-2400

 

 

June 5, 2014

 

(Date of Event Which Requires Filing of this Statement) 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ¨.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

* 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 disclosures provided in the cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes 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).

 

(Continued on following pages)

 

 
 

 

CUSIP NO.   92763W103 13D Page 2 of 22

  


1
NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM V, L.P. (“DCM V”)

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
2,255,181 ordinary shares (“Ordinary Shares”) represented by 981,361 Ordinary Shares and 636,910 American Depositary Shares (“ADSs”), except that DCM Investment Management V, L.P. (“GP V”), the general partner of DCM V, and DCM International V, Ltd. (“UGP V”), the general partner of GP V, may be deemed to have sole power to vote these shares, and K. David Chao (“Chao”), Peter W. Moran (“Moran”) and Thomas Blaisdell (“Blaisdell”), the directors of UGP V, may be deemed to have shared power to vote these shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
2,255,181 Ordinary Shares represented by 981,361 Ordinary Shares and 636,910 ADSs, except that GP V, the general partner of DCM V, and UGP V, the general partner of GP V, may be deemed to have sole power to dispose of these shares, and Chao, Moran and Blaisdell, the directors of UGP V, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,255,181
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.0%
12 TYPE OF REPORTING PERSON*
PN
       

 
 

 

CUSIP NO.   92763W103 13D Page 3 of 22

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM Affiliates Fund V, L.P. (“Aff V”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
41,433 Ordinary Shares represented by 5,253 Ordinary Shares and 18,090 ADSs, except that GP V, the general partner of Aff V, and UGP V, the general partner of GP V, may be deemed to have sole power to vote these shares, and Chao, Moran and Blaisdell, the directors of UGP V, may be deemed to have shared power to vote these shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
41,433 Ordinary Shares represented by 5,253 Ordinary Shares and 18,090 ADSs, except that GP V, the general partner of Aff V, and UGP V, the general partner of GP V, may be deemed to have sole power to dispose of these shares, and Chao, Moran and Blaisdell, the directors of UGP V, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 41,433
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
12 TYPE OF REPORTING PERSON*
PN
       

 

 
 

 

CUSIP NO.   92763W103 13D Page 4 of 22

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM Investment Management V, L.P. (“GP V”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ¨ (b) x

 

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
2,296,614 Ordinary Shares represented by 986,614 Ordinary Shares and 655,000 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V and 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V.  GP V, the general partner of DCM V and Aff V, may be deemed to have sole power to vote these shares, except that UGP V, the general partner of GP V, may be deemed to have sole power to vote these shares, and Chao, Moran and Blaisdell, the directors of UGP V, may be deemed to have shared power to vote these shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
2,296,614 Ordinary Shares represented by 986,614 Ordinary Shares and 655,000 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V and 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V.  GP V, the general partner of DCM V and Aff V, may be deemed to have sole power to dispose of these shares, except that UGP V, the general partner of GP V, may be deemed to have sole power to dispose of these shares, and Chao, Moran and Blaisdell, the directors of UGP V, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,296,614
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.0%
12 TYPE OF REPORTING PERSON*
PN
       

 

 
 

 

CUSIP NO.   92763W103 13D Page 5 of 22

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM International V, Ltd. (“UGP V”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
2,296,614 Ordinary Shares represented by 986,614 Ordinary Shares and 655,000 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V and 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V.    UGP V is the general partner of GP V, the general partner of each of DCM V and Aff V, and may be deemed to have sole voting power with respect to such shares, except GP V, the general partner of each of DCM V and Aff V, may be deemed to have sole power to vote these shares, and Chao, Moran and Blaisdell, the directors of UGP V, may be deemed to have shared power to vote these shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
2,296,614 Ordinary Shares represented by 986,614 Ordinary Shares and 655,000 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V and 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V.  UGP V is the general partner of GP V, the general partner of each of DCM V and Aff V, and may be deemed to have sole power to dispose of such shares, except GP V, the general partner of each of DCM V and Aff V, may be deemed to have sole power to dispose of these shares, and Chao, Moran and Blaisdell, the directors of UGP V, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,296,614
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.0%
12 TYPE OF REPORTING PERSON*
OO
       

 
 

 

CUSIP NO.   92763W103 13D Page 6 of 22

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM Hybrid RMB Fund, L.P. (“Hybrid Fund”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 American Depositary Shares (“ADSs”), except that DCM Hybrid RMB Fund Investment Management, L.P. (“Hybrid Fund DGP”), the general partner of Hybrid Fund, and DCM Hybrid RMB Fund International, Ltd. (“Hybrid Fund UGP”), the general partner of Hybrid Fund DGP, may be deemed to have sole power to vote these shares, and Chao, Moran, Blaisdell and Jason Krikorian (“Krikorian”), the directors of Hybrid Fund UGP, may be deemed to have shared power to vote these shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 ADSs, except that Hybrid Fund DGP, the general partner of Hybrid Fund, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, may be deemed to have sole power to dispose of these shares, and Chao, Moran, Blaisdell and Krikorian, the directors of Hybrid Fund UGP, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 3,609,660
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%
12 TYPE OF REPORTING PERSON*
PN
       

 
 

 

CUSIP NO.   92763W103 13D Page 7 of 22

 


1
NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM Hybrid RMB Fund Investment Management, L.P. (“Hybrid Fund DGP”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 ADSs, which are directly owned by Hybrid Fund.  Hybrid Fund DGP, the general partner of Hybrid Fund, may be deemed to have sole power to vote these shares, except that Hybrid Fund UGP, the general partner of Hybrid Fund DGP, may be deemed to have sole power to vote these shares, and Chao, Moran, Blaisdell and Krikorian, the directors of Hybrid Fund UGP, may be deemed to have shared power to vote these shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 ADSs, which are directly owned by Hybrid Fund.  Hybrid Fund DGP, the general partner of Hybrid Fund, may be deemed to have sole power to dispose of these shares, except that Hybrid Fund UGP, the general partner of Hybrid Fund DGP, may be deemed to have sole power to dispose of these shares, and Chao, Moran, Blaisdell and Krikorian, the directors of Hybrid Fund UGP, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 3,609,660
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%
12 TYPE OF REPORTING PERSON*
PN
       

 

 
 

 

CUSIP NO.   92763W103 13D Page 8 of 22

 

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM Hybrid RMB Fund International, Ltd. (“Hybrid Fund UGP”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 ADSs, which are directly owned by Hybrid Fund.  Hybrid Fund UGP is the general partner of Hybrid Fund DGP, the general partner of Hybrid Fund, and may be deemed to have sole voting power with respect to such shares, except Hybrid Fund DGP, the general partner of Hybrid Fund, may be deemed to have sole power to vote these shares, and Chao, Moran, Blaisdell and Krikorian, the directors of Hybrid Fund UGP, may be deemed to have shared power to vote these shares.
  6 SHARED VOTING POWER
See response to row 5.
  7 SOLE DISPOSITIVE POWER
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 ADSs, which are directly owned by Hybrid Fund.  Hybrid Fund UGP is the general partner of Hybrid Fund DGP, the general partner of Hybrid Fund, and may be deemed to have sole power to dispose of these shares, except Hybrid Fund DGP, the general partner of Hybrid Fund, may be deemed to have sole power to dispose of these shares, and Chao, Moran, Blaisdell and Krikorian, the directors of Hybrid Fund UGP, may be deemed to have shared power to dispose of these shares.
  8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 3,609,660
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%
12

TYPE OF REPORTING PERSON* OO

 

 

 

       

 
 

 

CUSIP NO.   92763W103 13D Page 9 of 22

 

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM VI, L.P. (“DCM VI”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
0 shares.
  6 SHARED VOTING POWER
0 shares.
  7 SOLE DISPOSITIVE POWER
0 shares.
  8 SHARED DISPOSITIVE POWER
0 shares.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
12

TYPE OF REPORTING PERSON* PN

 

 

 

       

 
 

 

CUSIP NO.   92763W103 13D Page 10 of 22

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM Investment Management VI, L.P. (“GP VI”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
0 shares.
  6 SHARED VOTING POWER
0 shares.
  7 SOLE DISPOSITIVE POWER
0 shares.
  8 SHARED DISPOSITIVE POWER
0 shares.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
12 TYPE OF REPORTING PERSON*
PN
       

 
 

 

CUSIP NO.   92763W103 13D Page 11 of 22

 

1 NAME OF REPORTING
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DCM International VI, Ltd. (“UGP VI”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
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
0 shares.
  6 SHARED VOTING POWER
0 shares.
  7 SOLE DISPOSITIVE POWER
0 shares.
  8 SHARED DISPOSITIVE POWER
0 shares.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
12 TYPE OF REPORTING PERSON*
OO
       

 
 

 

CUSIP NO.   92763W103 13D Page 12 of 22

 

1 NAME OF REPORTING PERSON K. David Chao (“Chao”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Japanese Citizen
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5 SOLE VOTING POWER
0 shares.
  6 SHARED VOTING POWER
5,906,274 Ordinary Shares, represented by 1,829,354 Ordinary Shares and 2,038,460 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V, 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V, and 842,740 Ordinary Shares and 1,383,460 ADSs are directly owned by Hybrid Fund.  Chao is a director of each of UGP V, the general partner of GP V, which is the general partner of each of DCM V and Aff V, UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to vote these shares.
  7 SOLE DISPOSITIVE POWER
0 shares.
  8 SHARED DISPOSITIVE POWER
5,906,274 Ordinary Shares, represented by 1,829,354 Ordinary Shares and 2,038,460 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V, 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V, and 842,740 Ordinary Shares and 1,383,460 ADSs are directly owned by Hybrid Fund.  Chao is a director of each of UGP V, the general partner of GP V, which is the general partner of each of DCM V and Aff V, UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to dispose of these shares
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 5,906,274
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
12 TYPE OF REPORTING PERSON* IN
       

 
 

 

CUSIP NO.   92763W103 13D Page 13 of 22

 

 


1
NAME OF REPORTING PERSON Peter W. Moran (“Moran”)
 
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
 
3 SEC USE ONLY  
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5 SOLE VOTING POWER
0 shares.
 
6 SHARED VOTING POWER
5,906,274 Ordinary Shares, represented by 1,829,354 Ordinary Shares and 2,038,460 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V, 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V, and 842,740 Ordinary Shares and 1,383,460 ADSs are directly owned by Hybrid Fund.  Moran is a director of each of UGP V, the general partner of GP V, which is the general partner of each of DCM V and Aff V, UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to vote these shares.
 
7 SOLE DISPOSITIVE POWER
0 shares.
 
8 SHARED DISPOSITIVE POWER
5,906,274 Ordinary Shares, represented by 1,829,354 Ordinary Shares and 2,038,460 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V, 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V, and 842,740 Ordinary Shares and 1,383,460 ADSs are directly owned by Hybrid Fund.  Moran is a director of each of UGP V, the general partner of GP V, which is the general partner of each of DCM V and Aff V, UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to dispose of these shares.
 
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 5,906,274
 
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
 
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
 
12 TYPE OF REPORTING PERSON* IN  
         

 
 

 

CUSIP NO.   92763W103 13D Page 14 of 22

 

1 NAME OF REPORTING PERSON Thomas Blaisdell (“Blaisdell”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ¨ (b) x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5 SOLE VOTING POWER
0 shares.
6 SHARED VOTING POWER
5,906,274 Ordinary Shares, represented by 1,829,354 Ordinary Shares and 2,038,460 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V, 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V, and 842,740 Ordinary Shares and 1,383,460 ADSs are directly owned by Hybrid Fund.  Blaisdell is a director of each of UGP V, the general partner of GP V, which is the general partner of each of DCM V and Aff V, UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
0 shares.
8 SHARED DISPOSITIVE POWER
5,906,274 Ordinary Shares, represented by 1,829,354 Ordinary Shares and 2,038,460 ADSs, of which 981,361 Ordinary Shares and 636,910 ADSs are directly owned by DCM V, 5,253 Ordinary Shares and 18,090 ADSs are directly owned by Aff V, and 842,740 Ordinary Shares and 1,383,460 ADSs are directly owned by Hybrid Fund.  Blaisdell is a director of each of UGP V, the general partner of GP V, which is the general partner of each of DCM V and Aff V, UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to dispose of these shares.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 5,906,274
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
12 TYPE OF REPORTING PERSON* IN
       

 
 

 

CUSIP NO.   92763W103 13D Page 15 of 22

 

1 NAME OF REPORTING PERSON Jason Krikorian (“Krikorian”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ¨ (b) x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5 SOLE VOTING POWER
0 shares.
6 SHARED VOTING POWER
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 ADSs all of which are directly owned by Hybrid Fund.  Krikorian is a director of each of UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
0 shares.
8 SHARED DISPOSITIVE POWER
3,609,660 Ordinary Shares represented by 842,740 Ordinary Shares and 1,383,460 ADSs all of which are directly owned by Hybrid Fund.  Krikorian is a director of each UGP VI, the general partner of GP VI, which is the general partner of DCM VI, and Hybrid Fund UGP, the general partner of Hybrid Fund DGP, which is the general partner of Hybrid Fund, and may be deemed to have shared power to dispose of these shares.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 3,609,660
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* ¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.2%
12 TYPE OF REPORTING PERSON* IN
       

 

 
 

 

CUSIP NO.   92763W103 13D Page 16 of 22

 

This Amendment No. 4 supplements and amends the Schedule 13D that was originally filed on March 28, 2012, as amended March 14, 2013, August 19, 2013 and November 18, 2013 (as amended, the “Original Schedule 13D”), and is being filed by the Reporting Persons with respect to the Ordinary Shares of Vipshop Holdings Limited, a Cayman Islands limited company (the “Company”), to report the distribution of an aggregate 2,000,000 Ordinary Shares of the Company in the form of 1,000,000 ADSs to the various partners of certain of the Reporting Persons and the open market sales of such distributed shares received by certain of the Reporting Persons. Only those items that are hereby reported are amended; all other items reported in the Original Schedule 13D remain unchanged. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Capitalized terms not defined in this Amendment No. 4 have the meanings ascribed to them in the Original Schedule 13D.

 

 

ITEM 2. IDENTITY AND BACKGROUND.

 

Item 2 of the Original Schedule 13D are hereby amended and restated in their entirety as follows:

 

(a-c, f) This Schedule 13D is being filed on behalf of: (i) DCM V, L.P., a Cayman Islands exempted limited partnership (“DCM V”), (ii) DCM Affiliates Fund V, L.P., a Cayman Islands exempted limited partnership (“Aff V”), (iii) DCM Hybrid RMB Fund, L.P., a Cayman Islands exempted limited partnership (“Hybrid Fund”), (iv) DCM Investment Management V, L.P., a Cayman Islands exempted limited partnership (“GP V”), (v) DCM International V, Ltd., a Cayman Islands limited company (“UGP V”), (vi) DCM Hybrid RMB Fund Investment Management, L.P., a Cayman Islands exempted limited partnership (“Hybrid Fund DGP”), (vii) DCM Hybrid RMB Fund International, Ltd., a Cayman Islands limited company (“Hybrid Fund UGP”), (viii) K. David Chao (“Chao”), a citizen of Japan, (ix) Peter W. Moran (“Moran”), a citizen of the United States, (x) Thomas Blaisdell (“Blaisdell”), a citizen of the United States, (xi) Jason Krikorian (“Krikorian”), a citizen of the United States, (xii) DCM VI, L.P., a Cayman Islands exempted limited partnership, (xiii) DCM Investment Management VI, L.P., a Cayman Islands exempted limited partnership (“GP VI”), and (xiv) DCM International VI, Ltd., a Cayman Islands limited company (the foregoing entities and individuals are collectively referred to as the “Reporting Persons”).

 

DCM V, Aff V, DCM VI and Hybrid Fund are venture capital funds. GP V is the general partner of each of DCM V and Aff V and UGP V is the general partner of GP V. GP VI is the general partner of DCM VI and UGP VI is the general partner of GP VI. Hybrid Fund DGP is the general partner of Hybrid Fund and Hybrid Fund UGP is the general partner of Hybrid Fund DGP. Chao, Moran and Blaisdell are the directors of each of UGP V, UGP VI and Hybrid Fund UGP, and Krikorian is a director of Hybrid Fund UGP and UGP VI (collectively, the “Directors”). The principal business office of the Reporting Persons is 2420 Sand Hill Road, Suite 200, Menlo Park, California 94025.

 

(d) None of the Reporting Persons, individually or collectively, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) None of the Reporting Persons has, during the last five years, been 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.

 

ITEM 4. PURPOSE OF TRANSACTION.

 

Item 4 of the Original Schedule 13D is hereby amended to add the following statements: 

 

On August 19, 2013, in connection with a pro rata in-kind distribution by DCM Hybrid RMB Fund, L.P. to its partners DCM VI, L.P. received 45,846 ADSs of the Company represented by 91,692 Ordinary Shares for no consideration as a limited partner of DCM Hybrid RMB Fund, L.P. On August 19, 2013, the closing price of the ADSs on the New York Stock Exchange was $43.21. On August 23, 2013, in connection with such distribution DCM VI, L.P disposed of 45,846 ADSs of the Company represented by 91,692 Ordinary Shares in open market sales for US$40.92 per ADS or US$1,875,779.92 in the aggregate.

 

 
 

 

CUSIP NO.   92763W103 13D Page 17 of 22

 

 

On August 19, 2013, in connection with a pro rata in-kind distribution by DCM Hybrid RMB Fund, L.P. to its partners DCM Hybrid RMB Fund Investment Management, L.P. received 4,600 ADSs of the Company represented by 9,200 Ordinary Shares for no consideration as the general partner of DCM Hybrid RMB Fund, L.P. On August 23, 2013, DCM Hybrid RMB Fund Investment Management, L.P. disposed of 4,600 ADSs of the Company represented by 9,200 Ordinary Shares in open market sales for US$40.92 per ADS or US$188,208.08 in the aggregate.

 

On August 19, 2013, in connection with a pro rata in-kind distribution by DCM V, L.P. to its partners DCM Investment Management V, L.P. received 15,804 ADSs of the Company represented by 31,608 Ordinary Shares for no consideration as a partner of DCM V, L.P. On August 23, 2013, the Reporting Person DCM Investment Management V, L.P. disposed of 15,804 ADSs of the Company represented by 31,608 Ordinary Shares in open market sales for US$40.92 per ADS or US$646,617.50 in the aggregate.

 

On November 18, 2013, those Reporting Persons DCM V, L.P., DCM Affiliates Fund V, L.P. and DCM Hybrid RMB Fund, L.P. distributed an aggregate 4,000,000 Ordinary Shares of the Company represented by 2,000,000 ADSs in a pro rata in-kind distribution to their respective partners (the “Second Distribution”). On November 18, 2013, the closing price of the ADSs on the New York Stock Exchange was $86.45.

 

On November 18, 2013, in connection with the Second Distribution the Reporting Person DCM Investment Management V, L.P. received 15,804 ADSs of the Company represented by 31,608 Ordinary Shares for no consideration as a partner of DCM V, L.P. On November 26, 2013, the Reporting Person DCM Investment Management V, L.P. disposed of 15,804 ADSs of the Company represented by 31,608 Ordinary Shares in open market sales for US$79.01 per ADS or US$1,248,693.00 in the aggregate.

 

On November 18, 2013, in connection with the Second Distribution the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. received 4,600 ADSs of the Company represented by 9,200 Ordinary Shares for no consideration. On November 26, 2013, the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. disposed of 4,600 ADSs of the Company represented by 9,200 Ordinary Shares in open market sales for US$79.01 per ADS or US$363,451.52 in the aggregate.

 

On November 18, 2013, in connection with the Second Distribution the Reporting Person DCM VI, L.P. received 45,846 ADSs of the Company represented by 91,692 Ordinary Shares for no consideration as a limited partner of DCM Hybrid RMB Fund, L.P. On November 26, 2013, in connection with such distribution the Reporting Person DCM VI, L.P disposed of 45,846 ADSs of the Company represented by 91,692 Ordinary Shares in open market sales for US$79.01 per ADS or US$3,622,347.48 in the aggregate.

 

On June 5, 2014, those Reporting Persons DCM V, L.P., DCM Affiliates Fund V, L.P. and DCM Hybrid RMB Fund, L.P. distributed an aggregate 1,000,000 ADSs represented by 2,000,000 Ordinary Shares of the Company in a pro rata in-kind distribution to their respective partners (the “Third Distribution”). On June 5, 2014, the closing price of the ADSs on the New York Stock Exchange was $175.99.

 

On June 5, 2014, in connection with the Third Distribution, the Reporting Person DCM Investment Management V, L.P. received 5,126 ADSs of the Company represented by 10,252 Ordinary Shares for no consideration as a partner of DCM V, L.P. On June 10, 2014, the Reporting Person DCM Investment Management V, L.P. disposed of 5,126 ADSs of the Company represented by 10,252 Ordinary Shares in open market sales for US$181.519 weighted average price per ADS or US$930,466.39 in the aggregate. 1,072 ADSs were sold in multiple transactions at prices ranging from $180.00 to $180.99, inclusive; 2,899 ADSs were sold in multiple transactions at prices ranging from $181.00 to $181.99, inclusive; and 1,155 ADSs were sold in multiple transactions at prices ranging from $182.00 to $182.99, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADSs sold at each separate price within the ranges set forth in this Original Schedule 13D.

 

On June 5, 2014, in connection with the Third Distribution, the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. received 42,188 ADSs of the Company represented by 84,376 Ordinary Shares for no consideration. On June 10, 2014, the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. disposed of 42,188 ADSs of the Company represented by 84,376 Ordinary Shares in open market sales for US$181.519 weighted average price per ADS or US$7,657,923.57 in the aggregate. 8,820 ADSs were sold in multiple transactions at prices ranging from $180.00 to $180.99, inclusive; 23,863 ADSs were sold in multiple transactions at prices ranging from $181.00 to $181.99, inclusive; and 9,505 ADSs were sold in multiple transactions at prices ranging from $182.00 to $182.99, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADSs sold at each separate price within the ranges set forth in this Original Schedule 13D.

 

 
 

 

CUSIP NO.   92763W103 13D Page 18 of 22

 

On June 5, 2014, in connection with the Third Distribution, the Reporting Person DCM VI, L.P. received 49,711 ADSs of the Company represented by 99,422 Ordinary Shares for no consideration as a limited partner of DCM Hybrid RMB Fund, L.P. On June 10, 2014, in connection with such distribution the Reporting Person DCM VI, L.P disposed of 49,711 ADSs of the Company represented by 99,422 Ordinary Shares in open market sales for US$181.519 weighted average price per ADS or US$9,023,491.01 in the aggregate. 10,393 ADSs were sold in multiple transactions at prices ranging from $180.00 to $180.99, inclusive; 28,118 ADSs were sold in multiple transactions at prices ranging from $181.00 to $181.99, inclusive; and 11,200 ADSs were sold in multiple transactions at prices ranging from $182.00 to $182.99, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADSs sold at each separate price within the ranges set forth in this Original Schedule 13D.

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

 

Items 5(a), 5(b) and 5(c) of the Original Schedule 13D are hereby amended and restated in their entirety as follows:

 

(a,b) Regarding aggregate beneficial ownership, see Row 9 of the cover page of each Reporting Person. Regarding percentage beneficial ownership, see Row 11 of the cover page of each Reporting Person. Regarding sole power to vote shares, see Row 5 of the cover page of each Reporting Person. Regarding shared power to vote shares, see Row 6 of the cover page of each Reporting Person. Regarding sole power to dispose of shares, see Row 7 of the cover page of each Reporting Person. Regarding shared power to dispose of shares, see Row 8 of the cover page of each Reporting Person. References to percentages of ownership of Ordinary Shares in this Schedule 13D/A are based upon 113,028,037 Ordinary Shares stated to be outstanding as of March 31, 2014 in the Company’s First Quarter 2014 Financial Results filed with the Securities and Exchange Commission on May 19, 2014.

 

(c) There were no transactions by the Reporting Persons of the Company’s Ordinary Shares or ADSs during the past 60 days other than as described below.

 

On August 19, 2013, in connection with a pro rata in-kind distribution by DCM Hybrid RMB Fund, L.P. to its partners DCM VI, L.P. received 45,846 ADSs of the Company represented by 91,692 Ordinary Shares for no consideration as a limited partner of DCM Hybrid RMB Fund, L.P. On August 19, 2013, the closing price of the ADSs on the New York Stock Exchange was $43.21. On August 23, 2013, in connection with such distribution DCM VI, L.P disposed of 45,846 ADSs of the Company represented by 91,692 Ordinary Shares in open market sales for US$40.92 per ADS or US$1,875,779.92 in the aggregate.

 

On August 19, 2013, in connection with a pro rata in-kind distribution by DCM Hybrid RMB Fund, L.P. to its partners DCM Hybrid RMB Fund Investment Management, L.P. received 4,600 ADSs of the Company represented by 9,200 Ordinary Shares for no consideration as the general partner of DCM Hybrid RMB Fund, L.P. On August 23, 2013, DCM Hybrid RMB Fund Investment Management, L.P. disposed of 4,600 ADSs of the Company represented by 9,200 Ordinary Shares in open market sales for US$40.92 per ADS or US$188,208.08 in the aggregate.

 

On August 19, 2013, in connection with a pro rata in-kind distribution by DCM V, L.P. to its partners DCM Investment Management V, L.P. received 15,804 ADSs of the Company represented by 31,608 Ordinary Shares for no consideration as a partner of DCM V, L.P. On August 23, 2013, the Reporting Person DCM Investment Management V, L.P. disposed of 15,804 ADSs of the Company represented by 31,608 Ordinary Shares in open market sales for US$40.92 per ADS or US$646,617.50 in the aggregate.

 

On November 18, 2013, those Reporting Persons DCM V, L.P., DCM Affiliates Fund V, L.P. and DCM Hybrid RMB Fund, L.P. distributed an aggregate 4,000,000 Ordinary Shares of the Company represented by 2,000,000 ADSs in a pro rata in-kind distribution to their respective partners (the “Second Distribution”). On November 18, 2013, the closing price of the ADSs on the New York Stock Exchange was $86.45.

 

 
 

 

CUSIP NO.   92763W103 13D Page 19 of 22

 

On November 18, 2013, in connection with the Second Distribution the Reporting Person DCM Investment Management V, L.P. received 15,804 ADSs of the Company represented by 31,608 Ordinary Shares for no consideration as a partner of DCM V, L.P. On November 26, 2013, the Reporting Person DCM Investment Management V, L.P. disposed of 15,804 ADSs of the Company represented by 31,608 Ordinary Shares in open market sales for US$79.01 per ADS or US$1,248,693.00 in the aggregate.

 

On November 18, 2013, in connection with the Second Distribution the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. received 4,600 ADSs of the Company represented by 9,200 Ordinary Shares for no consideration. On November 26, 2013, the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. disposed of 4,600 ADSs of the Company represented by 9,200 Ordinary Shares in open market sales for US$79.01 per ADS or US$363,451.52 in the aggregate.

 

On November 18, 2013, in connection with the Second Distribution the Reporting Person DCM VI, L.P. received 45,846 ADSs of the Company represented by 91,692 Ordinary Shares for no consideration as a limited partner of DCM Hybrid RMB Fund, L.P. On November 26, 2013, in connection with such distribution the Reporting Person DCM VI, L.P disposed of 45,846 ADSs of the Company represented by 91,692 Ordinary Shares in open market sales for US$79.01 per ADS or US$3,622,347.48 in the aggregate.

 

On June 5, 2014, those Reporting Persons DCM V, L.P., DCM Affiliates Fund V, L.P. and DCM Hybrid RMB Fund, L.P. distributed an aggregate 1,000,000 ADSs represented by 2,000,000 Ordinary Shares of the Company in a pro rata in-kind distribution to their respective partners (the “Third Distribution”). On June 5, 2014, the closing price of the ADSs on the New York Stock Exchange was $175.99.

 

On June 5, 2014, in connection with the Third Distribution, the Reporting Person DCM Investment Management V, L.P. received 5,126 ADSs of the Company represented by 10,252 Ordinary Shares for no consideration as a partner of DCM V, L.P. On June 10, 2014, the Reporting Person DCM Investment Management V, L.P. disposed of 5,126 ADSs of the Company represented by 10,252 Ordinary Shares in open market sales for US$181.519 weighted average price per ADS or US$930,466.39 in the aggregate. 1,072 ADSs were sold in multiple transactions at prices ranging from $180.00 to $180.99, inclusive; 2,899 ADSs were sold in multiple transactions at prices ranging from $181.00 to $181.99, inclusive; and 1,155 ADSs were sold in multiple transactions at prices ranging from $182.00 to $182.99, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADSs sold at each separate price within the ranges set forth in this Original Schedule 13D.

 

On June 5, 2014, in connection with the Third Distribution, the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. received 42,188 ADSs of the Company represented by 84,376 Ordinary Shares for no consideration. On June 10, 2014, the Reporting Person DCM Hybrid RMB Fund Investment Management, L.P. disposed of 42,188 ADSs of the Company represented by 84,376 Ordinary Shares in open market sales for US$181.519 weighted average price per ADS or US$7,657,923.57 in the aggregate. 8,820 ADSs were sold in multiple transactions at prices ranging from $180.00 to $180.99, inclusive; 23,863 ADSs were sold in multiple transactions at prices ranging from $181.00 to $181.99, inclusive; and 9,505 ADSs were sold in multiple transactions at prices ranging from $182.00 to $182.99, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADSs sold at each separate price within the ranges set forth in this Original Schedule 13D.

 

On June 5, 2014, in connection with the Third Distribution, the Reporting Person DCM VI, L.P. received 49,711 ADSs of the Company represented by 99,422 Ordinary Shares for no consideration as a limited partner of DCM Hybrid RMB Fund, L.P. On June 10, 2014, in connection with such distribution the Reporting Person DCM VI, L.P disposed of 49,711 ADSs of the Company represented by 99,422 Ordinary Shares in open market sales for US$181.519 weighted average price per ADS or US$9,023,491.01 in the aggregate. 10,393 ADSs were sold in multiple transactions at prices ranging from $180.00 to $180.99, inclusive; 28,118 ADSs were sold in multiple transactions at prices ranging from $181.00 to $181.99, inclusive; and 11,200 ADSs were sold in multiple transactions at prices ranging from $182.00 to $182.99, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADSs sold at each separate price within the ranges set forth in this Original Schedule 13D.

 

 
 

 

CUSIP NO.   92763W103 13D Page 20 of 22

 

 

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.

 

Date: June 12, 2014

 

  DCM V, L.P
   
  By: DCM INVESTMENT MANAGEMENT V, L.P.
  Its General Partner
     
  By: DCM INTERNATIONAL V, LTD.
  Its General Partner
     
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary
     
  DCM AFFILIATES FUND V, L.P.
     
  By: DCM INVESTMENT MANAGEMENT V, L.P.
  Its General Partner
     
  By: DCM INTERNATIONAL V, LTD.
  Its General Partner
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary
     
  DCM INVESTMENT MANAGEMENT V, L.P.
     
  By: DCM INTERNATIONAL V, LTD.
  Its General Partner
     
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary
     
  DCM INTERNATIONAL V, LTD.
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary

 

 
 

 

CUSIP NO.   92763W103 13D Page 21 of 22

 

  DCM HYBRID RMB FUND, L.P.
     
  By: DCM HYBRID RMB FUND INVESTMENT MANAGEMENT, L.P.
  Its General Partner
     
  By: DCM HYBRID RMB FUND INTERNATIONAL, LTD.
  Its General Partner
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary
     
  DCM HYBRID RMB FUND INVESTMENT MANAGEMENT, L.P.
     
  By: DCM HYBRID RMB FUND INTERNATIONAL, LTD.
  Its General Partner
     
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary
     
  DCM HYBRID RMB FUND INTERNATIONAL, LTD.
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary
     
  DCM VI, L.P.
   
  By: DCM INVESTMENT MANAGEMENT VI, L.P.
  Its General Partner
     
  By: DCM INTERNATIONAL VI, LTD.
  Its General Partner
     
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary
     
  DCM INVESTMENT MANAGEMENT VI, L.P.
     
  By: DCM INTERNATIONAL VI, LTD.
  Its General Partner
     
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary

 

 
 

 

CUSIP NO.   92763W103 13D Page 22 of 22

 

     
  DCM INTERNATIONAL VI, LTD.
     
  By: /s/ André Levi
    André Levi
    Assistant Secretary

 

     
  /s/ K. David Chao
   K. David Chao
   
  /s/ Peter W. Moran
   Peter W. Moran
   
  /s/ Thomas Blaisdell
   thomas Blaisdell
   
  /s/ Jason Krikorian
   JASON KRIKORIAN