Qiming entities hold ~8% of Yuanbao (NASDAQ: YB) in Schedule 13G/A

Rhea-AI Filing Summary

Yuanbao Inc. amended Schedule 13G/A disclosing Qiming-affiliated holdings as of March 31, 2026. The filing shows Qiming GP VII, LLC holds 15,955,064 Class A ordinary shares (8.2%) and Qiming Venture Partners VII, L.P. holds 15,809,363 shares (8.1%). The percentages are calculated using 194,348,706 Class A ordinary shares outstanding as of March 31, 2026, per the filing.

Key Figures

Shares outstanding: 194,348,706 shares Qiming GP VII, LLC holdings: 15,955,064 shares Qiming Venture Partners VII, L.P. holdings: 15,809,363 shares +2 more

5 metrics

Shares outstanding 194,348,706 shares as of March 31, 2026

Qiming GP VII, LLC holdings 15,955,064 shares reported beneficial ownership (8.2%)

Qiming Venture Partners VII, L.P. holdings 15,809,363 shares reported beneficial ownership (8.1%)

Qiming VII Strategic Investors Fund, L.P. holdings 145,701 shares reported beneficial ownership (0.1%)

ADS conversion ratio 1 ADS = 6 Class A shares used to convert ADS holdings into Class A share counts

Key Terms

ADS, Beneficial ownership, Sole dispositive power, Schedule 13G/A

4 terms

ADS financial

"Each ADS represent six Class A ordinary shares"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

Beneficial ownership regulatory

"Amount beneficially owned: The information set forth in Row (9)"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole Dispositive Power 15,809,363.00"

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.

Schedule 13G/A regulatory

"Amendment No. 2 ) Yuanbao Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

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

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Accepted by SEC EDGAR 05/06/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What stake does Qiming GP VII, LLC report in Yuanbao (YB)?

Qiming GP VII, LLC reports beneficial ownership of 15,955,064 Class A ordinary shares (8.2%). The percentage is calculated using 194,348,706 Class A shares outstanding as of March 31, 2026.

How many shares does Qiming Venture Partners VII, L.P. hold in YB?

Qiming Venture Partners VII, L.P. reports beneficial ownership of 15,809,363 Class A ordinary shares (8.1%), based on 194,348,706 shares outstanding as of March 31, 2026.

Does the filing show joint or sole voting/dispositive power for these holders?

The filing shows the listed Qiming entities report sole voting and sole dispositive power for their reported shares (for example, 15,955,064 sole voting power for Qiming GP VII, LLC).

Are ADSs referenced in the ownership calculation?

Yes. The filing notes certain ADSs are included via conversion: each ADS represents six Class A ordinary shares, and ADS holdings are incorporated into the reported Class A share counts.

What date does the Schedule 13G/A use for the outstanding share base?

The percentages are calculated using an aggregate of 194,348,706 Class A ordinary shares outstanding as of March 31, 2026, as stated in the filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Yuanbao Inc.

(Name of Issuer)

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

(Title of Class of Securities)

987910106

(CUSIP Number)

03/31/2026

(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 15,809,363.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,809,363.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,809,363.00

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)

8.1 %

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 March 31, 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 145,701.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 145,701.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

145,701.00

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 March 31, 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 15,955,064.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,955,064.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,955,064.00

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)

8.2 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Note to Row (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 11,285,231 Class A ordinary shares and 754,022 American depository shares ("ADSs"), and Qiming VII Strategic Investors Fund, L.P., which hold 103,995 Class A ordinary shares and 6,951 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 March 31, 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:	05/06/2026

Qiming VII Strategic Investors Fund, L.P.

Signature:	/s/ Holan Lam
Name/Title:	Holan Lam/Authorized Signatory
Date:	05/06/2026

Qiming GP VII, LLC

Signature:	/s/ Holan Lam
Name/Title:	Holan Lam/Authorized Signatory
Date:	05/06/2026

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). https://www.sec.gov/Archives/edgar/data/1807384/000095010325010168/dp232908_sc13g-exa.htm