Yuanbao: Qiming GP VII reports 5.7% ownership

The reported ownership percentages are measured against 194,348,706 Class A ordinary shares outstanding as of September 30, 2026.

Available on EDGAR 11/03/2026 - 07:47 PM EST Accepted by SEC EDGAR 11/03/2026 - 07:47 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Yuanbao Inc. (YB) ownership disclosures report Qiming Venture Partners VII, L.P. as beneficially owning 10,951,232 Class A ordinary shares (5.6%) and Qiming VII Strategic Investors Fund, L.P. as beneficially owning 100,926 shares (0.1%). Qiming GP VII, LLC reports beneficial ownership of 11,052,158 shares (5.7%) and is identified as general partner of the two limited partnerships.

The percentages are calculated using 194,348,706 Class A ordinary shares issued and outstanding as of September 30, 2026. Each American depository share (ADS) represents six Class A ordinary shares.

Key Figures

Beneficial ownership: 10,951,232 shares Ownership percentage: 5.6% Beneficial ownership: 100,926 shares +5 more

8 metrics

Beneficial ownership 10,951,232 shares Qiming Venture Partners VII, L.P.; 5.6%

Ownership percentage 5.6% Qiming Venture Partners VII, L.P.

Beneficial ownership 100,926 shares Qiming VII Strategic Investors Fund, L.P.; 0.1%

Ownership percentage 0.1% Qiming VII Strategic Investors Fund, L.P.

Beneficial ownership 11,052,158 shares Qiming GP VII, LLC; 5.7%

Ownership percentage 5.7% Qiming GP VII, LLC

Class A ordinary shares issued and outstanding 194,348,706 shares As of September 30, 2026

Class A ordinary shares per ADS 6 shares Each ADS represents six Class A ordinary shares

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, American depository shares

4 terms

beneficially owned financial

"Amount beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Sole Voting Power 10,951,232.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"Sole Dispositive Power 10,951,232.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

American depository shares financial

"American depository shares ("ADSs")"

American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many YB shares does Qiming GP VII report beneficially owning?

Qiming GP VII, LLC reports beneficial ownership of 11,052,158 Class A ordinary shares, or 5.7%. It is identified as general partner of Qiming Venture Partners VII, L.P. and Qiming VII Strategic Investors Fund, L.P.

How are ADSs counted in Qiming's YB holdings?

Each ADS represents six Class A ordinary shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Yuanbao Inc.

(Name of Issuer)

Class A ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

987910106

(CUSIP Number)

09/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 987910106

1

Names of Reporting Persons

Qiming Venture Partners VII, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

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 10,951,232.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,951,232.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,951,232.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Note to Row (11): The percentage is calculated based upon an aggregate of 194,348,706 Class A ordinary shares that were issued and outstanding as of September 30, 2026, which is based on the information provided by the Issuer.

SCHEDULE 13G

CUSIP Number(s): 987910106

1

Names of Reporting Persons

Qiming VII Strategic Investors Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

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 100,926.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 100,926.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

100,926.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Note to Row (11): The percentage is calculated based upon an aggregate of 194,348,706 Class A ordinary shares that were issued and outstanding as of September 30, 2026, which is based on the information provided by the Issuer.

SCHEDULE 13G

CUSIP Number(s): 987910106

1

Names of Reporting Persons

Qiming GP VII, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

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 11,052,158.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,052,158.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,052,158.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.7 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note to Rows (5) (7) and (9): As of the date of this Schedule 13G filing, Qiming GP VII, LLC is the general partner of Qiming Venture Partners VII, L.P., which hold 6,811,778 Class A ordinary shares and 689,909 American depository shares ("ADSs"), and Qiming VII Strategic Investors Fund, L.P., which hold 62,772 Class A ordinary shares and 6,359 ADSs. Each ADS represent six Class A ordinary shares. Note to Row (11): The percentage is calculated based upon an aggregate of 194,348,706 Class A ordinary shares that were issued and outstanding as of September 30, 2026, which is based on the information provided by the Issuer.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Yuanbao Inc.
(b)	Address of issuer's principal executive offices: Building 2, No.8 Beichen West Road, Chaoyang District, Beijing, F4, 100101.
Item 2.
(a)	Name of person filing: Qiming GP VII, LLC, Qiming Venture Partners VII, L.P., Qiming VII Strategic Investors Fund, L.P.
(b)	Address or principal business office or, if none, residence: PO Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, KY1-1104, Cayman Islands
(c)	Citizenship: Cayman Islands
(d)	Title of class of securities: Class A ordinary shares, par value US$0.0001 per share
(e)	CUSIP No.: 987910106
Item 4.	Ownership
(a)	Amount beneficially owned: The information set forth in Row (9) of the cover page for each of the Reporting Person is incorporated herein by reference.
(b)	Percent of class: The information set forth in Row (11) of the cover page for each of the Reporting Person is incorporated herein by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information set forth in Row (5) of the cover page for each of the Reporting Person is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information set forth in Row (6) of the cover page for each of the Reporting Person is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information set forth in Row (7) of the cover page for each of the Reporting Person is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information set forth in Row (8) of the cover page for each of the Reporting Person is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the 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:
	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.

Qiming Venture Partners VII, L.P.

Signature:	/s/ Holan Lam
Name/Title:	Holan Lam/Authorized Signatory
Date:	11/03/2026

Qiming VII Strategic Investors Fund, L.P.

Signature:	/s/ Holan Lam
Name/Title:	Holan Lam/Authorized Signatory
Date:	11/03/2026

Qiming GP VII, LLC

Signature:	/s/ Holan Lam
Name/Title:	Holan Lam/Authorized Signatory
Date:	11/03/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement, dated as of August 12, 2025 (incorporated by reference to Exhibit A to the Reporting Persons' Schedule 13G filed with the SEC on Augusts 12, 2025).