Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
* 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 a prior cover page.
** There is no CUSIP number assigned to the Class A ordinary shares.
CUSIP number 68277G107 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which are quoted on the
New York Stock Exchange under the symbol “OG.” Each ten ADSs represent one Class A ordinary shares, par value US$0.0001 per
share (“Class A ordinary shares”).
The information required on 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.
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Names of Reporting Persons
Li Bai Global Limited
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2.
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Check the Appropriate Box if a Member of a Group
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(a) ☐
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(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
British Virgin Islands
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Number of Shares Beneficially
Owned by Each
Reporting Person
With
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5.
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Sole Voting Power
0 Class A ordinary shares
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6.
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Shared Voting Power
4,840,000 Class A ordinary shares(1)
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7.
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Sole Dispositive Power
0 Class A ordinary shares
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8.
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Shared Dispositive Power
4,840,000 Class A ordinary shares(1)
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
4,840,000 Class A ordinary shares(1)
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10.
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Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares ☐
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11.
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Percent of Class Represented by Amount in Row (9)
46.04% (2)
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12.
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Type of Reporting Person
CO
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(1) Represents 4,840,000 Class B ordinary shares,
par value US$0.0001 per share (“Class B ordinary shares”) that are convertible into 4,840,000 Class A ordinary
shares held by Li Bai Global Limited. Approximately
53.86% of the total outstanding shares of Li Bai Global Limited are beneficially held by Mr. Cong (Kenny) Li and approximately 46.14%
of the total outstanding shares of Li Bai Global Limited are beneficially held by Mr. Pingsan Bai.
(2) Calculated based on 10,511,762 Class A ordinary
shares issued and outstanding as of December 31, 2021 as provided by the Issuer, assuming conversion of all Class B ordinary shares into
Class A ordinary shares.
1.
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Names of Reporting Persons
Cong (Kenny) Li
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2.
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Check the Appropriate Box if a Member of a Group
|
(a) ☐
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(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
PRC
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Number of Shares Beneficially
Owned by Each
Reporting Person
With
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5.
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Sole Voting Power
511,640 Class A ordinary
shares(1)
|
|
6.
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Shared Voting Power
4,840,000 Class A ordinary shares(2)
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7.
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Sole Dispositive Power
2,607,000 Class A ordinary shares(3)
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8.
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Shared Dispositive Power
0 ordinary shares
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
5,351,640 Class A ordinary shares
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10.
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Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares ☐
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11.
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Percent of Class Represented by Amount in Row (9)
33.74% (4)
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12.
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Type of Reporting Person
IN
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(1) Represents 511,640
Class A ordinary shares underlying 511,640 restricted share units granted to Mr. Li that
are vested as of December 31, 2021.
(2) Represents
4,840,000 Class B ordinary shares that are convertible into 4,840,000 Class A ordinary shares held
by Li Bai Global Limited, which Mr. Li beneficially owns 53.86% of the total outstanding shares. Pursuant to Section 13(d) of
the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Mr. Li may be deemed to beneficially own all
of the shares of the Issuer owned by Li Bai Global Limited. Mr. Cong (Kenny) Li disclaims economic
interest in Class B ordinary shares held through Li Bai Global Limited except to the extent of his own pecuniary and economic interests
therein.
(3) Represents
2,607,000 Class B ordinary shares that are convertible into 2,607,000 Class A ordinary shares beneficially
owned by Mr. Li through Li Bai Global Limited. Mr. Li beneficially owns 53.86% of the total outstanding shares of Li Bai Global Limited.
(4) Calculated based on (i) 10,511,762 Class A
ordinary shares issued and outstanding as of December 31, 2021 as provided by the Issuer, assuming conversion of all Class B ordinary
shares into Class A ordinary shares, and (ii) 511,640 Class A ordinary shares underlying
511,640 restricted share units granted to Mr. Li that are vested as of December 31, 2021.
1.
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Names of Reporting Persons
Pingsan Bai
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2.
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Check the Appropriate Box if a Member of a Group
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(a) ☐
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(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
PRC
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Number of Shares Beneficially
Owned by Each
Reporting Person
With
|
5.
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Sole Voting Power
0 Class A ordinary shares
|
|
6.
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Shared Voting Power
2,233,000 Class A ordinary shares(1)
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7.
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Sole Dispositive Power
2,233,000 Class A ordinary shares(1)
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8.
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Shared Dispositive Power
0 ordinary shares
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,233,000 Class A ordinary shares
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10.
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Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares ☐
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11.
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Percent of Class Represented by Amount in Row (9)
21.24% (2)
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12.
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Type of Reporting Person
IN
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(1) Represents 2,233,000 Class B ordinary shares
that are convertible into 2,233,000 Class A ordinary shares beneficially owned
by Mr. Pingsan Bai through Li Bai Global Limited, which Mr. Bai beneficially owns 46.14% of the total outstanding shares. Mr. Bai
disclaims beneficial ownership of Class B ordinary shares held through Li Bai Global Limited except to the extent of his own pecuniary
and economic interests therein.
(2) Calculated based on 10,511,762 Class A ordinary
shares issued and outstanding as of December 31, 2021 as provided by the Issuer, assuming conversion of all Class B ordinary shares into
Class A ordinary shares.
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Item 1(a).
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Name of Issuer:
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Onion Global Limited (the “Issuer”)
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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No. 309 3-05 Huangpu
Avenue Zhong, Tianhe District, Guangzhou City, Guangdong Province, People’s Republic of China.
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Item 2(a).
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Name of Person Filing:
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This Schedule
13G is being jointly filed by the following reporting persons (each a “Reporting Person” and collectively, the “Reporting
Persons”):
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(1)
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Li Bai Global Limited
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
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No. 309 3-05 Huangpu
Avenue Zhong, Tianhe District, Guangzhou City, Guangdong Province, People’s Republic of China.
Li Bai Global
Limited – British Virgin Islands
Cong (Kenny)
Li – PRC
Pingsan
Bai – PRC
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Item 2(d).
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Title of Class of Securities:
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Class A ordinary shares, par value US$0.0001 per
share
There is no CUSIP number assigned to the Class
A ordinary shares. CUSIP number 68277G107 has been assigned to the American depositary shares (“ADSs”) of the Issuer, which
are quoted on the New York Stock Exchange under the symbol “OG.” Each ten ADSs represent one Class A ordinary shares, par
value US$0.0001 per share (“Class A ordinary shares”)
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Item 3.
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If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c):
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Not applicable.
The information required by Items 4(a) - (c) is
set forth in Rows 5 - 11 of the cover page for each of the Reporting Person and is incorporated herein by reference.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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Not applicable.
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group.
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Not applicable.
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Item 9.
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Notice of Dissolution of Group.
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Not applicable.
Not applicable.
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.
Dated: February 14, 2022
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Li Bai Global Limited
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By:
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/s/ Cong (Kenny) Li
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Name: Cong (Kenny) Li
Title: Director
|
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Cong (Kenny) Li
|
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By:
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/s/ Cong (Kenny) Li
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Name: Cong (Kenny) Li
|
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Pingsan Bai
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By:
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/s/ Pingsan Bai
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Name: Pingsan Bai
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Exhibit Index
Exhibit
|
Description
|
Exhibit A
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Joint Filing Agreement dated, February 14, 2022, by and among Li Bai
Global Limited, Cong (Kenny) Li and Pingsan Bai
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