SCHEDULE: Morningside Funds Disclose 4.2% Stake in Pony AI
Beneficial Ownership Disclosure
Morningside-affiliated entities have filed an amended Schedule 13G, disclosing a collective beneficial ownership of 4.2% of Pony AI Inc.'s Class A ordinary shares as of December 31, 2025.
Summary
- TMT General Partner Ltd. and Morningside China TMT GP IV, L.P. collectively beneficially own 14,627,522 Class A ordinary shares of Pony AI Inc.
- This ownership represents 4.2% of the total 352,452,783 Class A ordinary shares issued and outstanding as of November 30, 2025.
- The aggregate ownership is held through three affiliated funds: Morningside China TMT Fund IV, L.P. (10,409,666 shares or 3.0%), Morningside China TMT Special Opportunity Fund II, L.P. (2,888,014 shares or 0.8%), and Morningside China TMT Fund IV Co-Investment, L.P. (1,329,842 shares or 0.4%).
- TMT General Partner Ltd. serves as the general partner of Morningside China TMT GP IV, L.P., which in turn is the general partner for the three aforementioned funds.
- The board of TMT General Partner Ltd., comprising Qin Liu, Jianming Shi, and Gerald Lokchung Chan, exercises the voting and dispositive powers over these shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, providing standard transparency regarding institutional ownership without indicating any specific positive or negative operational developments for Pony AI Inc.
Positives
- Continued significant investment by Morningside-affiliated funds, indicating ongoing confidence in Pony AI Inc.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that this Schedule 13G filing is a routine disclosure of institutional ownership, providing transparency regarding significant stakes in publicly traded companies. It does not offer insights into Pony AI Inc.'s operational performance or broader industry trends in autonomous driving.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| February 10, 2025 | Date of Joint Filing Agreement (Exhibit 99.1) by and among the Reporting Persons. |
| November 30, 2025 | Date used for calculating the total Class A ordinary shares outstanding (352,452,783 shares). |
| December 4, 2025 | Date of registrant's monthly return form filed with The Stock Exchange of Hong Kong Limited and furnished as Exhibit 99.1 to the registrant's current report on Form 6-K. |
| December 31, 2025 | Date of event which requires filing of this statement, representing the reporting period end for beneficial ownership. |
| January 30, 2026 | Date of signature for the Schedule 13G filing. |
Keywords
Pony AI Inc., Schedule 13G, beneficial ownership, institutional investor, Class A ordinary shares, Morningside China TMT
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