Yuanbao Inc. (YB) Qiming funds disclose 6.9% Class A ownership

Rhea-AI Filing Summary

Yuanbao Inc. received an updated ownership report from Qiming GP VII, LLC and affiliated funds regarding Class A ordinary shares. Qiming Venture Partners VII, L.P. reports beneficial ownership of 13,205,703 Class A shares, representing 6.8% of this class, while Qiming VII Strategic Investors Fund, L.P. reports 121,703 shares, or 0.1%. Qiming GP VII, LLC, as general partner of both funds, reports aggregate beneficial ownership of 13,327,406 Class A shares, equal to 6.9% of the Class A ordinary shares outstanding.

The percentages are based on 194,348,706 Class A shares outstanding as of June 30, 2026, according to the issuer. The Qiming entities report sole voting and dispositive power over their respective holdings. The filing also notes that the positions include Class A shares held directly and through American depository shares, with each ADS representing six Class A shares.

Key Figures

Qiming GP VII beneficial ownership: 13,327,406 Class A shares Qiming GP VII ownership percentage: 6.9% Qiming Venture Partners VII holdings: 13,205,703 Class A shares +5 more

8 metrics

Qiming GP VII beneficial ownership 13,327,406 Class A shares Beneficially owned by Qiming GP VII, LLC; 6.9% of Class A shares

Qiming GP VII ownership percentage 6.9% Percentage of Yuanbao Class A ordinary shares outstanding

Qiming Venture Partners VII holdings 13,205,703 Class A shares Beneficially owned; represents 6.8% of Class A shares

Qiming Venture Partners VII percentage 6.8% Ownership percentage of Yuanbao Class A shares

Qiming Strategic Investors Fund holdings 121,703 Class A shares Beneficially owned; represents 0.1% of Class A shares

Qiming Strategic Investors Fund percentage 0.1% Ownership percentage of Yuanbao Class A shares

Shares outstanding 194,348,706 Class A shares Issued and outstanding as of June 30, 2026

ADS share ratio 1 ADS = 6 Class A shares Each American depository share represents six Class A ordinary shares

Key Terms

beneficially owned, sole voting power, sole dispositive power, American depository shares, +1 more

5 terms

beneficially owned financial

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

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

"5 | Sole Voting Power 13,205,703.00 6 | Shared Voting Power 0.00"

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

"7 | Sole Dispositive Power 13,205,703.00 8 | Shared Dispositive Power 0.00"

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

"hold 9,050,187 Class A ordinary shares and 692,586 American depository shares"

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.

Schedule 13G regulatory

"This Amendment No. 3 relates to a Schedule 13G filing"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

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

Qiming GP VII, LLC reports beneficial ownership of 13,327,406 Class A shares of Yuanbao Inc., representing 6.9% of the Class A ordinary shares outstanding, based on 194,348,706 shares issued and outstanding as of June 30, 2026.

How many Yuanbao Inc. (YB) shares does Qiming Venture Partners VII, L.P. hold?

Qiming Venture Partners VII, L.P. reports beneficial ownership of 13,205,703 Class A ordinary shares of Yuanbao Inc., equal to 6.8% of the outstanding Class A shares, calculated using 194,348,706 shares outstanding as of June 30, 2026.

What is the reported ownership of Qiming VII Strategic Investors Fund in Yuanbao Inc. (YB)?

Qiming VII Strategic Investors Fund, L.P. reports beneficial ownership of 121,703 Class A ordinary shares of Yuanbao Inc., representing 0.1% of the Class A shares, using 194,348,706 outstanding Class A shares as of June 30, 2026 for the calculation.

How many Yuanbao Inc. (YB) Class A shares are outstanding in this filing?

The ownership percentages are calculated using 194,348,706 Class A ordinary shares of Yuanbao Inc. that were issued and outstanding as of June 30, 2026, based on information provided by the issuer to the reporting holders.

What is the ADS to Class A share ratio for Yuanbao Inc. (YB)?

The filing states that each Yuanbao Inc. American depository share (ADS) represents six Class A ordinary shares. Qiming’s reported holdings include both Class A shares held directly and shares represented by these ADSs in calculating beneficial ownership.

Do the Qiming entities have sole or shared voting power over Yuanbao Inc. (YB) shares?

Each Qiming reporting entity indicates sole voting and sole dispositive power over its Yuanbao Inc. Class A shares, with 0 shares reported under shared voting power and shared dispositive power columns in the beneficial ownership table.

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Available on EDGAR 08/11/2026 - 04:39 PM Accepted by SEC EDGAR 08/11/2026 - 04:38 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Yuanbao Inc.

(Name of Issuer)

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

(Title of Class of Securities)

987910106

(CUSIP Number)

06/30/2026

(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 13,205,703.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,205,703.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,205,703.00

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)

6.8 %

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 June 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 121,703.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 121,703.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

121,703.00

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 June 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 13,327,406.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,327,406.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,327,406.00

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)

6.9 %

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 9,050,187 Class A ordinary shares and 692,586 American depository shares ("ADSs"), and Qiming VII Strategic Investors Fund, L.P., which hold 83,399 Class A ordinary shares and 6,384 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 June 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:	08/11/2026

Qiming VII Strategic Investors Fund, L.P.

Signature:	/s/ Holan Lam
Name/Title:	Holan Lam/Authorized Signatory
Date:	08/11/2026

Qiming GP VII, LLC

Signature:	/s/ Holan Lam
Name/Title:	Holan Lam/Authorized Signatory
Date:	08/11/2026

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