As of November 6, 2026, 4 holders' latest Schedule 13D or 13G filings report owning 5% or more of DSC Holdings Ltd. The largest reported stake is Junhong Yao's, at 42.2%. 4 filings are on record since July 13, 2026 (Schedule 13G, August 14, 2026).
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Key facts
- · Reporting person: API (Hong Kong) Investment Limited · Sole voting: 88,188,400 · Shared voting: 0 · Sole dispositive: 88,188,400 · Shared dispositive: 0 · SCHEDULE 13G, 2026-08-19
- · Reporting person: Junhong Yao · Sole voting: 424,727,983 · Shared voting: 0 · Sole dispositive: 424,727,983 · Shared dispositive: 0 · SCHEDULE 13G, 2026-08-14
- · Reporting person: Cygnus Equity GP, Ltd. · Sole voting: 57,079,724 · Shared voting: 0 · Sole dispositive: 57,079,724 · Shared dispositive: 0 · SCHEDULE 13G, 2026-08-13
- · Reporting person: TMT General Partner Ltd. · Sole voting: 94,171,764 · Shared voting: 0 · Sole dispositive: 94,171,764 · Shared dispositive: 0 · SCHEDULE 13G, 2026-07-13
DSC Holdings Ltd. has 4 Schedule 13D or 13G filings on record since 2026-07-13. 4 holders' latest filing reports 5% or more of class a ordinary shares, par value us$0.0001 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 42.2% | 424,727,983 | SCHEDULE 13G, 2026-08-14 | 2026-06-30 | |
| Ant Group Co., Ltd. | 18.4% | 123,482,500 | SCHEDULE 13G, 2026-08-19 | 2026-06-30 |
| TMT General Partner Ltd. | 14.1% | 94,171,764 | SCHEDULE 13G, 2026-07-13 | 2026-06-30 |
| 9.1% | 60,673,003 | SCHEDULE 13G, 2026-08-13 | 2026-06-30 |
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More on DSC Holdings Ltd. and the records around it.
DSC Holdings Ltd. elsewhere on the record
Companies that share a holder
- TMT General Partner Ltd. also filed stake reports on 1 other company: Pony AI Inc. (Jan 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Junhong Yao | 424,727,983 | 0 | 424,727,983 | 0 | SCHEDULE 13G, 2026-08-14 |
| Binary Sky Limited | 420,521,983 | 0 | 420,521,983 | 0 | SCHEDULE 13G, 2026-08-14 |
| Cheche Group Limited | 311,052,074 | 0 | 311,052,074 | 0 | SCHEDULE 13G, 2026-08-14 |
| Crystal Gem Holdings Limited | 89,229,380 | 0 | 89,229,380 | 0 | SCHEDULE 13G, 2026-08-14 |
| API (Hong Kong) Investment Limited | 88,188,400 | 0 | 88,188,400 | 0 | SCHEDULE 13G, 2026-08-19 |
| Ant Group Co., Ltd. | 123,482,500 | 0 | 123,482,500 | 0 | SCHEDULE 13G, 2026-08-19 |
| Shanghai Yunju Venture Capital Co., Ltd. | 88,188,400 | 0 | 88,188,400 | 0 | SCHEDULE 13G, 2026-08-19 |
| Tianjin Ninghui Management Consulting Co., Ltd. | 35,294,100 | 0 | 35,294,100 | 0 | SCHEDULE 13G, 2026-08-19 |
| Prospera Investment (Singapore) Pte. Ltd. | 35,294,100 | 0 | 35,294,100 | 0 | SCHEDULE 13G, 2026-08-19 |
| TMT General Partner Ltd. | 94,171,764 | 0 | 94,171,764 | 0 | SCHEDULE 13G, 2026-07-13 |
| Morningside China TMT GP II, L.P. | 68,270,107 | 0 | 68,270,107 | 0 | SCHEDULE 13G, 2026-07-13 |
| Morningside China TMT Fund II, L.P. | 63,860,687 | 0 | 63,860,687 | 0 | SCHEDULE 13G, 2026-07-13 |
| Morningside China TMT Top Up Fund, L.P. | 4,409,420 | 0 | 4,409,420 | 0 | SCHEDULE 13G, 2026-07-13 |
| Msvc Spf I Gp, L.P. | 25,901,657 | 0 | 25,901,657 | 0 | SCHEDULE 13G, 2026-07-13 |
| Msvc Spf I, L.P. | 25,901,657 | 0 | 25,901,657 | 0 | SCHEDULE 13G, 2026-07-13 |
| Cygnus Equity GP, Ltd. | 57,079,724 | 0 | 57,079,724 | 0 | SCHEDULE 13G, 2026-08-13 |
| Doyen Cygnus Education Fund, L.P. | 7,522,530 | 0 | 7,522,530 | 0 | SCHEDULE 13G, 2026-08-13 |
| Cygnus Equity Sport I, L.P. | 19,842,390 | 0 | 19,842,390 | 0 | SCHEDULE 13G, 2026-08-13 |
| Cygnus Equity Sport II, L.P. | 13,228,260 | 0 | 13,228,260 | 0 | SCHEDULE 13G, 2026-08-13 |
| Cygnus Equity Fund III, L.P. | 9,709,376 | 0 | 9,709,376 | 0 | SCHEDULE 13G, 2026-08-13 |
| Cygnus Equity Fund IV, L.P. | 6,777,168 | 0 | 6,777,168 | 0 | SCHEDULE 13G, 2026-08-13 |
| Cygnus Equity Holdings Limited | 2,749,080 | 0 | 2,749,080 | 0 | SCHEDULE 13G, 2026-08-13 |
| Jin Capital Limited | 844,199 | 0 | 844,199 | 0 | SCHEDULE 13G, 2026-08-13 |
| Ming Jin | 60,673,003 | 0 | 60,673,003 | 0 | SCHEDULE 13G, 2026-08-13 |
The latest filing identifies DSC Holdings Ltd. by CUSIP G2851N108 and gives its principal executive office as No. 2 Wangjiang North Road, Room 148, Zhongshan Community, Baiyun Street, Jinhua City (SCHEDULE 13G, 2026-08-19).
What the percentages are based on
The information required by Item 4(b) is set forth in Row 11 of the cover page for each Reporting Person and is incorporated herein by reference.Ming Jin, SCHEDULE 13G, 2026-08-13
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-07-13 | TMT General Partner Ltd. | 14.1% | SCHEDULE 13G |
| 2026-08-13 | Ming Jin | 9.1% | SCHEDULE 13G |
| 2026-08-14 | Junhong Yao | 42.2% | SCHEDULE 13G |
| 2026-08-19 | Ant Group Co., Ltd. | 18.4% | SCHEDULE 13G |
Questions about who owns DSC Holdings Ltd.
Who owns DSC Holdings Ltd.?
On this page, 4 holders' latest ownership filings report 5% or more of DSC Holdings Ltd.: Junhong Yao (42.2%, Schedule 13G, filed 2026-08-14), Ant Group Co., Ltd. (18.4%, Schedule 13G, filed 2026-08-19), TMT General Partner Ltd. (14.1%, Schedule 13G, filed 2026-07-13) and Ming Jin (9.1%, Schedule 13G, filed 2026-08-13).
Who are the largest shareholders of DSC Holdings Ltd.?
By the share each holder's latest filing reports, the largest holders of DSC Holdings Ltd. on this page are Junhong Yao (42.2%), Ant Group Co., Ltd. (18.4%) and TMT General Partner Ltd. (14.1%).
When did Junhong Yao buy into DSC Holdings Ltd.?
The filings give report dates, not purchase dates. The earliest filing from Junhong Yao on this page is the Schedule 13G, filed 2026-08-14, reporting 42.2%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 4 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for DSC Holdings Ltd.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| June 26, 2026 | IPO filing, Form 424B4 | — | IPO filings | Source |
| June 23, 2026 | IPO filing, Form RW | — | IPO filings | Source |
| June 22, 2026 | IPO filing, Form F-1/A | — | IPO filings | Source |
| June 17, 2026 | IPO filing, Form F-1/A | — | IPO filings | Source |
| June 8, 2026 | IPO filing, Form F-1/A | — | IPO filings | Source |
| May 26, 2026 | IPO filing, Form F-1 | — | IPO filings | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.