SCHEDULE: Qiming Funds Boost Yuanbao Stake to 12.12%

Qiming GP VII, LLC and its affiliated funds reported a combined beneficial ownership of 12.12% in Yuanbao Inc.'s Class A ordinary shares as of June 30, 2025.

Summary

• Qiming GP VII, LLC, along with its affiliated funds Qiming Venture Partners VII, L.P. and Qiming VII Strategic Investors Fund, L.P., reported a collective beneficial ownership of 22,824,170 Class A ordinary shares in Yuanbao Inc.
• This ownership represents 12.12% of Yuanbao Inc.'s Class A ordinary shares outstanding as of June 30, 2025.
• Yuanbao Inc. had an aggregate of 188,348,706 Class A Ordinary Shares outstanding as of June 30, 2025.
• Qiming GP VII, LLC serves as the general partner for both Qiming Venture Partners VII, L.P., which holds 22,615,763 shares, and Qiming VII Strategic Investors Fund, L.P., holding 208,407 shares.

Sentiment

Score: 7

Explanation: The filing indicates a significant and stable beneficial ownership stake by a prominent investment group, suggesting continued investor confidence in Yuanbao Inc. However, as a passive ownership disclosure, it does not provide new operational or financial insights.

Positives

• A significant institutional investor, Qiming GP VII, LLC and its affiliates, holds a substantial 12.12% stake in Yuanbao Inc., indicating continued confidence in the company.

Negatives

• No specific negative operational or financial information was disclosed in this ownership report.

Risks

• This beneficial ownership disclosure does not contain specific operational or financial risks related to Yuanbao Inc.

Future Outlook

This filing is a beneficial ownership report and does not provide forward-looking statements or guidance regarding Yuanbao Inc.'s future outlook.

Industry Context

This Schedule 13G filing primarily concerns a change in beneficial ownership by a specific investment group and does not provide broader industry context or trends.

Comparison to Industry Standards

• This filing is a beneficial ownership report and does not contain information suitable for comparison to industry operational or financial standards.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional holding, potentially signaling investor confidence.
• Management: Awareness of a large, passive institutional investor.

Next Steps

• The reporting persons will file amendments to this Schedule 13G if there are material changes to their beneficial ownership percentage.

Key Dates

Recommendation

This Schedule 13G filing indicates a substantial and stable beneficial ownership by Qiming GP VII, LLC and its affiliated funds, holding 12.12% of Yuanbao Inc.'s Class A ordinary shares. While this signals continued institutional confidence, the filing itself does not provide new operational or financial performance data to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on existing company fundamentals and market conditions, with this ownership as a supportive factor.

Keywords

Yuanbao Inc., Qiming GP VII, Qiming Venture Partners, Qiming VII Strategic Investors Fund, beneficial ownership, Schedule 13G, Class A ordinary shares, institutional investment, SEC filing