SC 13G/A
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
China Biologic Products, Inc. (the “Issuer”)
 
(Name of Issuer)
Common Stock
 
(Title of Class of Securities)
16938C106
 
(CUSIP Number)
December 31, 2009
 
(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)
               x Rule 13d-1(c)
               o 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 disclosures provided in a prior cover page.
     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).
 
 


 

                     
CUSIP No.
 
16938C106 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
IDG-Accel China Growth Fund 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
       
  5   SOLE VOTING POWER
     
NUMBER OF   1,797,367
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,797,367
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,797,367
     
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)
   
  7.9%1
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
1 Based upon 22,707,942 shares of common stock outstanding as of December 1, 2009, as reported by the Issuer in a Form S-1/A filed on December 1, 2009.


 

                     
CUSIP No.
 
16938C106 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
IDG-Accel China Growth Fund 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
       
  5   SOLE VOTING POWER
     
NUMBER OF   1,797,3672
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,797,3672
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,797,3672
     
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)
   
  7.9%3
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
2 The record owner of these shares is IDG-Accel China Growth Fund II L.P. By virtue of being the general partner of IDG-Accel China Growth Fund II L.P., the Reporting Person may be deemed to have sole voting and dispositive power with respect to these shares.
3 Based upon 22,707,942 shares of common stock outstanding as of December 1, 2009, as reported by the Issuer in a Form S-1/A filed on December 1, 2009.


 

                     
CUSIP No.
 
16938C106 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
IDG-Accel China Investors 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
       
  5   SOLE VOTING POWER
     
NUMBER OF   146,993
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   146,993
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  146,993
     
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)
   
  0.6%4
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
4 Based upon 22,707,942 shares of common stock outstanding as of December 1, 2009, as reported by the Issuer in a Form S-1/A filed on December 1, 2009.


 

                     
CUSIP No.
 
16938C106 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
IDG-Accel China Growth Fund 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 Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   1,944,3605
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,944,3605
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,944,3605
     
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)
   
  8.6%6
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO
5 Including 1,797,367 shares of which the record owner is IDG-Accel China Growth Fund II L.P. and 146,993 shares of which the record owner is IDG-Accel China Investors II L.P. By virtue of being the ultimate general partner of both of these record holders, the Reporting Person may be deemed to have sole voting and dispositive power with respect to these shares.
6 Based upon 22,707,942 shares of common stock outstanding as of December 1, 2009, as reported by the Issuer in a Form S-1/A filed on December 1, 2009.


 

                     
CUSIP No.
 
16938C106 
  Page  
  of   
11 

 

           
1   NAMES OF REPORTING PERSONS
Patrick J. McGovern
     
     
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
   
  United States of America
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,944,3607
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    1,944,3607
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,944,3607
     
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)
   
  8.6%8
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
7 Including 1,797,367 shares of which the record owner is IDG-Accel China Growth Fund II L.P. and 146,993 shares of which the record owner is IDG-Accel China Investors II L.P. Patrick J. McGovern and Quan Zhou are directors and executive officers of IDG-Accel China Growth Fund GP II Associates Ltd., which is the ultimate general partner of both IDG-Accel China Growth Fund II L.P. and IDG-Accel China Investors II L.P. By virtue of acting together to direct the management and operations of the ultimate general partners of each of the above record owners, Patrick J. McGovern and Quan Zhou may be deemed to have shared voting and dispositive power with respect to these shares.
8 Based upon 22,707,942 shares of common stock outstanding as of December 1, 2009, as reported by the Issuer in a Form S-1/A filed on December 1, 2009.


 

                     
CUSIP No.
 
16938C106 
  Page  
  of   
11 

 

           
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
   
  United States of America
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,944,3609
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    1,944,3609
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,944,3609
     
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)
   
  8.6%10
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
9 Including 1,797,367 shares of which the record owner is IDG-Accel China Growth Fund II L.P. and 146,993 shares of which the record owner is IDG-Accel China Investors II L.P. Patrick J. McGovern and Quan Zhou are directors and executive officers of IDG-Accel China Growth Fund GP II Associates Ltd., which is the ultimate general partner of both IDG-Accel China Growth Fund II L.P. and IDG-Accel China Investors II L.P. By virtue of acting together to direct the management and operations of the ultimate general partners of each of the above record owners, Patrick J. McGovern and Quan Zhou may be deemed to have shared voting and dispositive power with respect to these shares.
10 Based upon 22,707,942 shares of common stock outstanding as of December 1, 2009, as reported by the Issuer in a Form S-1/A filed on December 1, 2009.


 

         
CUSIP No. 16938C106   SCHEDULE 13G  

Page 8 of 11 Pages

Item 1(a)   Name of Issuer:
 
    China Biologic Products, Inc.
 
Item 1(b)   Address of Issuer’s Principal Executive Offices:
 
    No. 14 East Hushan Road, Taian City, Shandong
People’s Republic of China 271000
 
Item 2(a)   Name of Person Filing:
 
    1. IDG-Accel China Growth Fund II L.P.
    2. IDG-Accel China Growth Fund II Associates L.P.
    3. IDG-Accel China Investors II L.P.
    4. IDG-Accel China Growth Fund GP II Associates Ltd.
    5. Patrick J. McGovern
    6. Quan Zhou
 
         The above persons have agreed to jointly file this statement pursuant to Rule 13d-1(k). A copy of such agreement is attached as an exhibit to this statement.
 
         IDG-Accel China Growth Fund II L.P. is a limited partnership organized under the laws of the Cayman Islands. The general partner of IDG-Accel China Growth Fund II L.P. is IDG-Accel China Growth Fund II Associates L.P., a limited partnership organized under the laws of the Cayman Islands. The general partner of IDG-Accel China Growth Fund II Associates L.P. is IDG-Accel China Growth Fund GP II Associates Ltd., a limited liability company incorporated under laws of the Cayman Islands. IDG-Accel China Investors II L.P. is a limited partnership organized under the laws of the Cayman Islands. The general partner of IDG-Accel China Investors II L.P. is IDG-Accel China Growth Fund GP II Associates Ltd. The directors and executive officers of IDG-Accel China Growth Fund GP II Associates Ltd. are Patrick J. McGovern and Quan Zhou. Each of Patrick J. McGovern and Quan Zhou disclaims beneficial ownership of the ordinary shares of the Issuer and this Statement shall not be deemed an admission that either is a beneficial owner of, or has any pecuniary interest in, such ordinary shares.
 
Item 2(b)   Address of Principal Business Office or, If None, Residence; Citizenship
 
    For all reporting persons:
 
    c/o IDG VC Management Ltd.
Unit 1509, The Center
99 Queen’s Road
Central, Hong Kong
 
Item 2(c)   Citizenship
 
    Each of Patrick J. McGovern and Quan Zhou is a citizen of United States of America. Each of IDG-Accel China Growth Fund II L.P., IDG-Accel China Growth Fund II Associates L.P., IDG-Accel China Investors II L.P. and IDG-Accel China Growth Fund GP II Associates Ltd. is organized under the laws of the Cayman Islands.
 
Item 2(d)   Title of Class of Securities:
 
    Common stock, par value $0.0001 per share


 

         
CUSIP No. 16938C106   SCHEDULE 13G  

Page 9 of 11 Pages

Item 2(e)   CUSIP Number:
 
    16938C106
 
Item 3.   Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c):
 
    Not applicable.
 
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
 
    Not applicable.
 
Item 6.   Ownership of More Than Five Percent on Behalf of Another Person
 
    Not applicable.
 
Item 7.   Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
 
    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.   Certifications
 
    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.


 

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: January 25, 2010
         
  IDG-ACCEL CHINA GROWTH FUND II L.P.
By: IDG-Accel China Growth Fund II Associates L.P.,
its General Partner
By: IDG-Accel China Growth Fund GP II Associates Ltd.,
its General Partner
 
 
  By:   /s/ Quan Zhou    
    Name:   Quan ZHOU   
    Title:   Authorized Signatory   
 
         
  IDG-ACCEL CHINA GROWTH FUND II ASSOCIATES L.P.
By: IDG-Accel China Growth Fund GP II Associates Ltd.,
its General Partner
 
 
  By:   /s/ Quan Zhou    
    Name:   Quan ZHOU   
    Title:   Authorized Signatory   
 
         
  IDG-ACCEL CHINA GROWTH FUND GP II ASSOCIATES LTD.
 
 
  By:   /s/ Quan Zhou    
    Name:   Quan ZHOU   
    Title:   Authorized Signatory   
 
         
  IDG-ACCEL CHINA INVESTORS II L.P.
By: IDG-Accel China Growth Fund GP II Associates Ltd.,
its General Partner
 
 
  By:   /s/ Quan Zhou    
    Name:   Quan ZHOU   
    Title:   Authorized Signatory   
 
         
  PATRICK J. MCGOVERN
 
 
  By:   /s/ Patrick J. McGovern    
 
         
  QUAN ZHOU
 
 
  By:   /s/ Quan Zhou    
       
 


 

LIST OF EXHIBITS
     
Exhibit No.   Description
A  
Joint Filing Agreement (incorporated by reference to Exhibit A of the initial Schedule 13G filed with the Securities and Exchange Commission on July 15, 2009)