SCHEDULE 13G/A: IDG-Accel Funds Reduce Stake in Aurora Mobile Below 5% Threshold
Beneficial Ownership Disclosure
IDG-Accel China Growth Fund III L.P. and affiliated entities have reported a reduction in their beneficial ownership of Aurora Mobile Ltd.'s Class A common shares to 4.7%, falling below the 5% reporting threshold.
Summary
- IDG-Accel China Growth Fund III L.P., IDG-Accel China Growth Fund III Associates L.P., IDG-Accel China III Investors L.P., IDG-Accel China Growth Fund GP III Associates Ltd., Quan Zhou, and Ho Chi Sing collectively reported beneficial ownership of 2,921,507 Class A common shares of Aurora Mobile Ltd.
- This aggregate amount represents 4.7% of Aurora Mobile Ltd.'s Class A common shares outstanding.
- The percentage is calculated based on 62,802,678 Class A common shares outstanding as of December 31, 2024, as reported by the Issuer on March 14, 2025.
- The ownership stake has fallen below the 5% threshold, which typically triggers a Schedule 13G filing for institutional investors.
- IDG-Accel China Growth Fund III L.P. holds 2,728,093 shares with sole voting and dispositive power.
- IDG-Accel China III Investors L.P. holds 193,414 shares with sole voting and dispositive power.
- The various IDG-Accel entities and individuals (Quan Zhou and Ho Chi Sing) are deemed to have shared voting and dispositive power over the aggregate shares due to their interconnected general partner and director/shareholder relationships.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's operational performance or future prospects. The reduction in stake below 5% is a factual change in investor holdings.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership and does not provide specific insights into broader industry trends or competitive landscape for Aurora Mobile Ltd. It primarily reflects a change in an institutional investor's stake.
Related Party Transactions
- The reporting persons (IDG-Accel funds, their general partners, and controlling individuals) are related entities that are collectively reporting their beneficial ownership in Aurora Mobile Ltd. This filing details the interconnected relationships among these entities that lead to shared voting and dispositive power over the shares.
Stakeholder Impact
- Shareholders: Provides transparency regarding the reduction of a significant institutional investor's stake in the company, indicating that IDG-Accel and its affiliates now hold less than 5% of the Class A common shares.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date as of which the aggregate Class A common shares outstanding (62,802,678) were reported by Aurora Mobile Ltd. in its Form 6-K. |
| 2025-03-14 | Date Aurora Mobile Ltd. furnished its Form 6-K with the U.S. Securities and Exchange Commission, reporting shares outstanding. |
| 2025-03-31 | Date of event which requires filing of this statement (beneficial ownership determination date). |
| 2025-04-02 | Date the Schedule 13G Amendment No. 3 was signed and filed. |
Keywords
Aurora Mobile Ltd, IDG-Accel, Beneficial Ownership, SEC Filing, Schedule 13G, Class A common shares, Institutional Investor, Shareholding, Ownership Disclosure
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