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    SEC Form SCHEDULE 13G filed by Pony AI Inc.

    5/29/25 4:05:16 PM ET
    $PONY
    EDP Services
    Technology
    Get the next $PONY alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    Pony AI Inc.

    (Name of Issuer)


    Class A ordinary shares, par value US$0.0005 per share

    (Title of Class of Securities)


    732908108

    (CUSIP Number)


    12/31/2024

    (Date of Event Which Requires Filing of this Statement)


    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    Checkbox not checked   Rule 13d-1(b)
    Checkbox not checked   Rule 13d-1(c)
    Checkbox checked   Rule 13d-1(d)






    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China Venture Capital Fund IV L.P.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    10,102,665.00
    6Shared Voting Power

    8,145,806.00
    7Sole Dispositive Power

    10,102,665.00
    8Shared Dispositive Power

    8,145,806.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P. (2) The value in rows 6 and 8 represents (i) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P., (ii) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iii) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. IDG China Venture Capital Fund IV Associates L.P. is the general partner of IDG China Venture Capital Fund IV L.P. IDG China Venture Capital Fund GP IV Associates Ltd. is the general partner of IDG China Venture Capital Fund IV Associates L.P. and IDG China IV Investors L.P. IDG China Capital Fund III Associates L.P. is the general partner of IDG China Capital Fund III L.P. IDG China Capital Fund GP III Associates Ltd. is the general partner of IDG China Capital Fund III Associates L.P. and IDG China Capital III Investors L.P. Chi Sing Ho and Quan Zhou are the two directors of IDG China Venture Capital Fund GP IV Associates Ltd. and IDG China Capital Fund GP III Associates Ltd. By virtue of such relationship, IDG China Venture Capital Fund IV L.P. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China IV Investors L.P.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    1,293,472.00
    6Shared Voting Power

    16,954,999.00
    7Sole Dispositive Power

    1,293,472.00
    8Shared Dispositive Power

    16,954,999.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P. (2) The value in rows 6 and 8 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iii) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. The general partner of IDG China IV Investors L.P. and the general partner or ultimate general partner of these entities have the same directors. By virtue of such relationship, IDG China IV Investors L.P. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China Capital Fund III L.P.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    6,529,589.00
    6Shared Voting Power

    11,718,882.00
    7Sole Dispositive Power

    6,529,589.00
    8Shared Dispositive Power

    11,718,882.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P. (2) The value in rows 6 and 8 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P., and (iii) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. The ultimate general partner of IDG China Capital Fund III L.P. and the general partner or ultimate general partner of these entities have the same directors. By virtue of such relationship, IDG China Capital Fund III L.P. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China Capital III Investors L.P.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    322,745.00
    6Shared Voting Power

    17,925,726.00
    7Sole Dispositive Power

    322,745.00
    8Shared Dispositive Power

    17,925,726.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. (2) The value in rows 6 and 8 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P., and (iii) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P. The general partner of IDG China Capital III Investors L.P. and the general partner or ultimate general partner of these entities have the same directors. By virtue of such relationship, IDG China Capital III Investors L.P. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China Venture Capital Fund IV Associates L.P.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    10,102,665.00
    6Shared Voting Power

    8,145,806.00
    7Sole Dispositive Power

    10,102,665.00
    8Shared Dispositive Power

    8,145,806.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P. IDG China Venture Capital Fund IV Associates L.P. is the general partner of IDG China Venture Capital Fund IV L.P. By virtue of such relationship, IDG China Venture Capital Fund IV Associates L.P. may be deemed to have sole voting and dispositive power with respect to these shares. (2) The value in rows 6 and 8 represents (i) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P., (ii) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iii) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. The general partner of IDG China Venture Capital Fund IV Associates L.P. and the general partner or ultimate general partner of these entities have the same directors. By virtue of such relationship, IDG China Venture Capital Fund IV Associates L.P. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China Venture Capital Fund GP IV Associates Ltd.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    11,396,137.00
    6Shared Voting Power

    6,852,334.00
    7Sole Dispositive Power

    11,396,137.00
    8Shared Dispositive Power

    6,852,334.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    CO

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., and (ii) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P. IDG China Venture Capital Fund GP IV Associates Ltd. is the ultimate general partner of IDG China Venture Capital Fund IV L.P. and the general partner of IDG China IV Investors L.P. By virtue of such relationship, IDG China Venture Capital Fund GP IV Associates Ltd. may be deemed to have sole voting and dispositive power with respect to these shares. (2) The value in rows 6 and 8 represents (i) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (ii) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. IDG China Venture Capital Fund GP IV Associates Ltd. and the general partner or ultimate general partner of these entities have the same directors. By virtue of such relationship, IDG China Venture Capital Fund GP IV Associates Ltd. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China Capital Fund III Associates L.P.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    6,529,589.00
    6Shared Voting Power

    11,718,882.00
    7Sole Dispositive Power

    6,529,589.00
    8Shared Dispositive Power

    11,718,882.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P. IDG China Capital Fund III Associates L.P. is the general partner of IDG China Capital Fund III L.P. By virtue of such relationship, IDG China Capital Fund III Associates L.P. may be deemed to have sole voting and dispositive power with respect to these shares. (2) The value in rows 6 and 8 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P., and (iii) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. The general partner of IDG China Capital Fund III Associates L.P. and the general partner or ultimate general partner of these entities have the same directors. By virtue of such relationship, IDG China Capital Fund III Associates L.P. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    IDG China Capital Fund GP III Associates Ltd.
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CAYMAN ISLANDS
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    6,852,334.00
    6Shared Voting Power

    11,396,137.00
    7Sole Dispositive Power

    6,852,334.00
    8Shared Dispositive Power

    11,396,137.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    CO

    Comment for Type of Reporting Person:  (1) The value in rows 5 and 7 represents (i) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (ii) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. IDG China Capital Fund GP III Associates Ltd. is the ultimate general partner of IDG China Capital Fund III L.P. and the general partner of IDG China Capital III Investors L.P. By virtue of such relationship, IDG China Capital Fund GP III Associates Ltd. may be deemed to have sole voting and dispositive power with respect to these shares. (2) The value in rows 6 and 8 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., and (ii) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P. IDG China Capital Fund GP III Associates Ltd. and the general partner or ultimate general partner of these entities have the same directors. By virtue of such relationship, IDG China Capital Fund GP III Associates Ltd. may be deemed to have shared the voting and dispositive power with respect to these shares. (3) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    Zhou Quan
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    18,248,471.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    18,248,471.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    IN

    Comment for Type of Reporting Person:  (1) The value in rows 6 and 8 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P., (iii) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iv) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. Quan Zhou and Chi Sing Ho are the two directors of the general partner or ultimate general partner of such entities. By virtue of such relationship, Quan Zhou may be deemed to have shared voting and dispositive power with respect to these shares. (2) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    CUSIP No.
    732908108


    1Names of Reporting Persons

    Ho Chi Sing
    2Check the appropriate box if a member of a Group (see instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3Sec Use Only
    4Citizenship or Place of Organization

    CANADA (FEDERAL LEVEL)
    Number of Shares Beneficially Owned by Each Reporting Person With:
    5Sole Voting Power

    0.00
    6Shared Voting Power

    18,248,471.00
    7Sole Dispositive Power

    0.00
    8Shared Dispositive Power

    18,248,471.00
    9Aggregate Amount Beneficially Owned by Each Reporting Person

    18,248,471.00
    10Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

    Checkbox not checked
    11Percent of class represented by amount in row (9)

    6.7 %
    12Type of Reporting Person (See Instructions)

    IN

    Comment for Type of Reporting Person:  (1) The value in rows 6 and 8 represents (i) 10,102,665 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,293,472 Class A ordinary shares held of record by IDG China IV Investors L.P., (iii) 6,529,589 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iv) 322,745 Class A ordinary shares held of record by IDG China Capital III Investors L.P. Quan Zhou and Chi Sing Ho are the two directors of the general partner or ultimate general partner of such entities. By virtue of such relationship, Chi Sing Ho may be deemed to have shared voting and dispositive power with respect to these shares. (2) Percent of class represented by amount in row (9) is calculated based on an aggregate of 274,203,783 Class A ordinary shares outstanding as of April 10, 2025, as reported in the Issuer's Form 20-F filed with the U.S. Securities and Exchange Commission on April 25, 2025.


    SCHEDULE 13G

    Item 1. 
    (a)Name of issuer:

    Pony AI Inc.
    (b)Address of issuer's principal executive offices:

    1301 PEARL DEVELOPMENT BUILDING 1, MINGZHU 1ST ST, HENGLI TWN, NANSHA DIST, GUANGZHOU, China, 511458
    Item 2. 
    (a)Name of person filing:

    1. IDG China Venture Capital Fund IV L.P. 2. IDG China IV Investors L.P. 3. IDG China Capital Fund III L.P. 4. IDG China Capital III Investors L.P. 5. IDG China Venture Capital Fund IV Associates L.P. 6. IDG China Venture Capital Fund GP IV Associates Ltd. 7. IDG China Capital Fund III Associates L.P. 8. IDG China Capital Fund GP III Associates Ltd. 9. Quan Zhou 10. Chi Sing Ho
    (b)Address or principal business office or, if none, residence:

    For all reporting persons: c/o IDG Capital Management (HK) Limited Unit 5505, The Center 99 Queen's Road Central Hong Kong
    (c)Citizenship:

    Quan Zhou is a citizen of the United States of America. Chi Sing Ho is a citizen of Canada. Each of IDG China Venture Capital Fund IV L.P., IDG China IV Investors L.P., IDG China Capital Fund III L.P., IDG China Capital III Investors L.P., IDG China Venture Capital Fund IV Associates L.P., IDG China Venture Capital Fund GP IV Associates Ltd., IDG China Capital Fund III Associates L.P. and IDG China Capital Fund GP III Associates Ltd. is organized under the laws of the Cayman Islands.
    (d)Title of class of securities:

    Class A ordinary shares, par value US$0.0005 per share
    (e)CUSIP No.:

    732908108
    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
    (a)Checkbox not checked   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
    (b)Checkbox not checked   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)Checkbox not checked   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)Checkbox not checked   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
    (e)Checkbox not checked   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
    (f)Checkbox not checked   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
    (g)Checkbox not checked   A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
    (h)Checkbox not checked   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)Checkbox not checked   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)Checkbox not checked   A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
           please specify the type of institution:
    (k)Checkbox not checked   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
     
    Item 4.Ownership
    (a)Amount beneficially owned:

    The information for each reporting person contained in Items 5-9 of the cover pages is incorporated herein by reference. Each of the reporting persons disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest in such securities.
    (b)Percent of class:

    The information for each reporting person contained in Item 11 of the cover pages is incorporated herein by reference.
    (c)Number of shares as to which the person has:
     (i) Sole power to vote or to direct the vote:

    The information for each reporting person contained in Item 5 of the cover pages is incorporated herein by reference.

     (ii) Shared power to vote or to direct the vote:

    The information for each reporting person contained in Item 6 of the cover pages is incorporated herein by reference.

     (iii) Sole power to dispose or to direct the disposition of:

    The information for each reporting person contained in Item 7 of the cover pages is incorporated herein by reference.

     (iv) Shared power to dispose or to direct the disposition of:

    The information for each reporting person contained in Item 8 of the cover pages is incorporated herein by reference.

    Item 5.Ownership of 5 Percent or Less of a Class.
     
    Item 6.Ownership of more than 5 Percent on Behalf of Another Person.
     
    Not Applicable
    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
     
    Not Applicable
    Item 8.Identification and Classification of Members of the Group.
     
    Not Applicable
    Item 9.Notice of Dissolution of Group.
     
    Not Applicable

    Item 10.Certifications:
     
    Not Applicable

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    IDG China Venture Capital Fund IV L.P.
     
    Signature:/s/ Quan Zhou on behalf of IDG China Venture Capital Fund GP IV Associates Ltd., ultimate General Partner of IDG China Venture Capital Fund IV L.P.
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    IDG China IV Investors L.P.
     
    Signature:/s/ Quan Zhou on behalf of IDG China Venture Capital Fund GP IV Associates Ltd., General Partner of IDG China IV Investors L.P.
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    IDG China Capital Fund III L.P.
     
    Signature:/s/ Quan Zhou on behalf of IDG China Capital Fund GP III Associates Ltd., ultimate General Partner of IDG China Capital Fund III L.P.
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    IDG China Capital III Investors L.P.
     
    Signature:/s/ Quan Zhou on behalf of IDG China Capital Fund GP III Associates Ltd., General Partner of IDG China Capital III Investors L.P.
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    IDG China Venture Capital Fund IV Associates L.P.
     
    Signature:/s/ Quan Zhou on behalf of IDG China Venture Capital Fund GP IV Associates Ltd., General Partner of IDG China Venture Capital Fund IV Associates L.P.
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    IDG China Venture Capital Fund GP IV Associates Ltd.
     
    Signature:/s/ Quan Zhou
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    IDG China Capital Fund III Associates L.P.
     
    Signature:/s/ Quan Zhou on behalf of IDG China Capital Fund GP III Associates Ltd., General Partner of IDG China Capital Fund III Associates L.P.
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    IDG China Capital Fund GP III Associates Ltd.
     
    Signature:/s/ Quan Zhou
    Name/Title:Quan Zhou / Authorized Signatory
    Date:05/29/2025
     
    Zhou Quan
     
    Signature:/s/ Quan Zhou
    Name/Title:Quan Zhou
    Date:05/29/2025
     
    Ho Chi Sing
     
    Signature:/s/ Chi Sing Ho
    Name/Title:Chi Sing Ho
    Date:05/29/2025
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