Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
|
UNDER THE SECURITIES EXCHANGE ACT OF 1934
|
(Amendment No. 1)*
|
Pony AI Inc. (Name of Issuer) |
Class A Ordinary Shares , par value $0.0005 per share (Title of Class of Securities) |
732908108 (CUSIP Number) |
06/30/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
|
| Rule 13d-1(c)
|
 Rule 13d-1(d)
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SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
HSG Venture VI Holdco, Ltd. ("HSG Venture VI Holdco") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
23,100,814.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
8.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 4,982,527 American Depositary Shares. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025.
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
HSG Venture VII Holdco, Ltd. ("HSG Venture VII Holdco") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,360,361.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
1.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 940,470 American Depositary Shares. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025.
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
HongShan Capital Venture Fund VI, L.P. ("HongShan Capital Venture Fund VI") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
23,100,814.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
8.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 4,982,527 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025.
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
HongShan Capital Venture Fund VII, L.P. ("HongShan Capital Venture Fund VII") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,360,361.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
1.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 940,470 American Depositary Shares (together, the "shares"). 4,360,361 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
HSG Venture VI Management, L.P. ("HSG Venture VI Management") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
23,100,814.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
8.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 18,118,287 Class A Ordinary Shares and 4,982,527 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025.
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
HSG Venture VII Management, L.P. ("HSG Venture VII Management") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,360,361.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
1.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 3,419,891 Class A Ordinary Shares and 940,470 American Depositary Shares (together, the "shares"). 4,360,361 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
HSG Holding Limited ("HSG Holding") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
27,461,175.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
10.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025.
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
SNP China Enterprises Limited ("SNP China Enterprises") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
VIRGIN ISLANDS, BRITISH
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
27,461,175.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
10.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025.
SCHEDULE 13G
|
| CUSIP No. | 732908108 |
| 1 | Names of Reporting Persons
Neil Nanpeng Shen ("NS") | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
HONG KONG
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
27,461,175.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
10.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: Row 6, 8 and 9. Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 shares are directly owned by HSG VENTURE VII HOLDCO. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES. Row 11. Based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the 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 Street, Hengli Town, Nansha District, Guangzhou, 511458, People's Republic of China | |
| Item 2. | ||
| (a) | Name of person filing:
HSG Venture VI Holdco, Ltd. HSG Venture VII Holdco, Ltd. HongShan Capital Venture Fund VI, L.P. HongShan Capital Venture Fund VII, L.P. HSG Venture VI Management, L.P. HSG Venture VII Management, L.P. HSG Holding Limited SNP China Enterprises Limited Neil Nanpeng Shen The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The General Partner of HSG VENTURE VI MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES. | |
| (b) | Address or principal business office or, if none, residence:
Suite 3613, 36/F, Two Pacific Place 88 Queensway Hong Kong | |
| (c) | Citizenship:
HSG VENTURE VI HOLDCO, HSG VENTURE VII HOLDCO, HONGSHAN CAPITAL VENTURE FUND VI, HONGSHAN CAPITAL VENTURE FUND VII, HSG VENTURE VI MANAGEMENT, HSG VENTURE VII MANAGEMENT, HSG HOLDING: Cayman Islands; SNP CHINA ENTERPRISES: British Virgin Islands; NS: Hong Kong SAR | |
| (d) | Title of class of securities:
Class A Ordinary Shares , par value $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) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
| |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
| |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
| |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
| |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
| |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
| |
| (i) | 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);
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| (j) | 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) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
| |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
27,461,175 Represented by 21,538,178 Class A Ordinary Shares and 5,922,997 American Depositary Shares (together, the "shares"). 23,100,814 shares are directly owned by HSG VENTURE VI HOLDCO and 4,360,361 shares are directly owned by HSG VENTURE VII HOLDCO.. The sole shareholder of HSG VENTURE VI HOLDCO is HONGSHAN CAPITAL VENTURE FUND VI. The General Partner of HONGSHAN CAPITAL VENTURE FUND VI is HSG VENTURE VI MANAGEMENT. The sole shareholder of HSG VENTURE VII HOLDCO is HONGSHAN CAPITAL VENTURE FUND VII. The General Partner of HONGSHAN CAPITAL VENTURE FUND VII is HSG VENTURE VII MANAGEMENT. The General Partner of each of HSG VENTURE VI MANAGEMENT and HSG VENTURE VII MANAGEMENT is HSG HOLDING. HSG HOLDING is wholly owned by SNP CHINA ENTERPRISES. NS wholly owns SNP CHINA ENTERPRISES. | |
| (b) | Percent of class:
10.0% The percentage is based on a total of 274,203,783 shares of Class A Ordinary Shares outstanding as of April 10, 2025, as reported in the Issuer's 20-F filed with the Securities and Exchange Commission on April 25, 2025. %
| |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
0 | ||
| (ii) Shared power to vote or to direct the vote:
HSG Venture VI Holdco, Ltd.: 23,100,814 HSG Venture VII Holdco, Ltd.: 4,360,361 HongShan Capital Venture Fund VI, L.P.: 23,100,814 HongShan Capital Venture Fund VII, L.P.: 4,360,361 HSG Venture VI Management, L.P.: 23,100,814 HSG Venture VII Management, L.P.: 4,360,361 HSG Holding Limited: 27,461,175 SNP China Enterprises Limited: 27,461,175 Neil Nanpeng Shen: 27,461,175 | ||
| (iii) Sole power to dispose or to direct the disposition of:
0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
HSG Venture VI Holdco, Ltd.: 23,100,814 HSG Venture VII Holdco, Ltd.: 4,360,361 HongShan Capital Venture Fund VI, L.P.: 23,100,814 HongShan Capital Venture Fund VII, L.P.: 4,360,361 HSG Venture VI Management, L.P.: 23,100,814 HSG Venture VII Management, L.P.: 4,360,361 HSG Holding Limited: 27,461,175 SNP China Enterprises Limited: 27,461,175 Neil Nanpeng Shen: 27,461,175 | ||
| 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
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| 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.
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