13D Filing: IDG-Accel China Growth Fund II Associates Updates Attempts to Acquire KongZhong Corp (KONG)

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Page 2 of 13 SEC Filing

CUSIP No. 50047P104 13D Page 2 of 13 Pages
1

NAME OF REPORTING PERSONS

IDG-Accel China Growth Fund II L.P.

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED

PURSUANT TO ITEM 2(d) or 2(e)

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES

BENEFICIALLY OWNED BY

EACH REPORTING PERSON

WITH

7

SOLE VOTING POWER

 

92,818,000(1)

8

SHARED VOTING POWER

 

7,591,160(2)

9

SOLE DISPOSITIVE POWER

 

92,818,000(1)

10

SHARED DISPOSITIVE POWER

 

7,591,160(2)

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

100,409,160

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN

SHARES

¨

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

5.3%(3)

14

TYPE OF REPORTING PERSON

PN

(1) By virtue of being the general partner
of the Reporting Person and the persons controlling such general partner, IDG-Accel China Growth Fund II Associates L.P., IDG-Accel
China Growth Fund GP II Associates Ltd., Chi Sing Ho and Quan Zhou acting together may also be deemed to have sole voting and dispositive
power with respect to these Shares.

(2) IDG-Accel China Investors II L.P. is
the record owner of these Shares. The Reporting Person and IDG-Accel China Investors II L.P. have the same ultimate general partner,
IDG-Accel China Growth Fund GP II Associates Ltd. By virtue of this, the Reporting Person may be deemed to be under common control
with IDG-Accel China Investors II L.P. and thus share voting and dispositive power with respect to these Shares.

(3) Based upon 1,882,073,063 Shares outstanding
as of December 31, 2014 as reported in the Issuer’s annual report on Form 20-F for the fiscal year ended December 31, 2014
filed on April 16, 2015.

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