As of November 6, 2026, 6 holders' latest Schedule 13D or 13G filings report owning 5% or more of Yuanbao Inc. The largest reported stake is Rui Fang's, at 38.5%. 12 filings are on record since August 12, 2025 (Schedule 13G, August 13, 2025).
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Key facts
- · Reporting person: Qiming Venture Partners VII, L.P. · Sole voting: 10,951,232 · Shared voting: 0 · Sole dispositive: 10,951,232 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-11-03
- · Holder: Qiming GP VII, LLC · Percent: 6.9% · SCHEDULE 13G/A
- · Holder: Lunar Link Ltd · Percent: 10.7% · SCHEDULE 13G/A
- · Holder: Qiming GP VII, LLC · Percent: 8.2% · SCHEDULE 13G/A
- · Holder: Qiming GP VII, LLC · Percent: 10% · SCHEDULE 13G/A
Yuanbao Inc. has 12 Schedule 13D or 13G filings on record since 2025-08-12. 6 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 |
|---|---|---|---|---|
| 38.5% | 108,230,475 | SCHEDULE 13G, 2025-08-13 | 2025-06-30 | |
| Northern Light Partners V, L.P. | 15.2% | 29,448,541 | SCHEDULE 13G, 2025-11-10 | 2025-04-30 |
| Lunar Link Ltd | 10.7% | 20,766,793 | SCHEDULE 13G/A, 2026-05-12 | 2026-03-31 |
| Enlightenment Trust | 9.7% | 18,350,955 | SCHEDULE 13G, 2025-10-17 | 2025-06-30 |
| Franchise GP Ltd | 7.6% | 14,362,929 | SCHEDULE 13G, 2025-09-03 | 2025-08-13 |
| Qiming GP VII, LLC | 5.7% | 11,052,158 | SCHEDULE 13G/A, 2026-11-03 | 2026-09-30 |
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Qiming Venture Partners VII, L.P. | 10,951,232 | 0 | 10,951,232 | 0 | SCHEDULE 13G/A, 2026-11-03 |
| Qiming VII Strategic Investors Fund, L.P. | 100,926 | 0 | 100,926 | 0 | SCHEDULE 13G/A, 2026-11-03 |
| Qiming GP VII, LLC | 11,052,158 | 0 | 11,052,158 | 0 | SCHEDULE 13G/A, 2026-11-03 |
The latest filing identifies Yuanbao Inc. by CUSIP 987910106 and gives its principal executive office as Building 2, No.8 Beichen West Road, Chaoyang District, Beijing (SCHEDULE 13G/A, 2026-11-03).
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-08-12 | Qiming GP VII, LLC | 12.12% | SCHEDULE 13G |
| 2025-08-13 | Rui Fang | 38.5% | SCHEDULE 13G |
| 2025-09-03 | Lunar Link Limited | 11.9% | SCHEDULE 13G |
| 2025-09-03 | Franchise GP Ltd | 7.6% | SCHEDULE 13G |
| 2025-10-17 | Enlightenment Trust | 9.7% | SCHEDULE 13G |
| 2025-11-10 | Northern Light Partners V, L.P. | 15.2% | SCHEDULE 13G |
| 2026-02-12 | Lunar Link Ltd | 11.2% | SCHEDULE 13G/A |
| 2026-02-13 | Qiming GP VII, LLC | 10% | SCHEDULE 13G/A |
| 2026-05-06 | Qiming GP VII, LLC | 8.2% | SCHEDULE 13G/A |
| 2026-05-12 | Lunar Link Ltd | 10.7% | SCHEDULE 13G/A |
| 2026-08-11 | Qiming GP VII, LLC | 6.9% | SCHEDULE 13G/A |
| 2026-11-03 | Qiming GP VII, LLC | 5.7% | SCHEDULE 13G/A |
Questions about who owns Yuanbao Inc.
Who owns Yuanbao Inc.?
On this page, 6 holders' latest ownership filings report 5% or more of Yuanbao Inc.: Rui Fang (38.5%, Schedule 13G, filed 2025-08-13), Northern Light Partners V, L.P. (15.2%, Schedule 13G, filed 2025-11-10), Lunar Link Ltd (10.7%, Schedule 13G/A, filed 2026-05-12), Enlightenment Trust (9.7%, Schedule 13G, filed 2025-10-17) and Franchise GP Ltd (7.6%, Schedule 13G, filed 2025-09-03); 1 more is listed above.
Who are the largest shareholders of Yuanbao Inc.?
By the share each holder's latest filing reports, the largest holders of Yuanbao Inc. on this page are Rui Fang (38.5%), Northern Light Partners V, L.P. (15.2%) and Lunar Link Ltd (10.7%).
When did Rui Fang buy into Yuanbao Inc.?
The filings give report dates, not purchase dates. The earliest filing from Rui Fang on this page is the Schedule 13G, filed 2025-08-13, reporting 38.5%.
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%); 12 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 Yuanbao Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| April 30, 2025 | IPO filing, Form 424B4 | — | IPO filings | Source |
| April 29, 2025 | IPO filing, Form F-1/A | — | IPO filings | Source |
| April 24, 2025 | IPO filing, Form F-1/A | — | IPO filings | Source |
| March 17, 2025 | IPO filing, Form F-1/A | — | IPO filings | Source |
| November 6, 2024 | IPO filing, Form F-1/A | — | IPO filings | Source |
| September 16, 2024 | 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.