# EDGAR Filing Document

**Accession Number:** 0001969302
**File Stem:** 0000929638-25-004221
**Filing Date:** 2025-11
**Character Count:** 39487
**Document Hash:** 9b745fe0c23ff4e620b0f8d7b1bc6ca4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-25-004221.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0000929638-25-004221

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pony AI Inc.
- **CENTRAL INDEX KEY:** 0001969302
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94844
- **FILM NUMBER:** 251468762

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 PEARL DEVELOPMENT BUILDING 1
- **STREET 2:** MINGZHU 1ST ST, HENGLI TWN, NANSHA DIST
- **CITY:** GUANGZHOU
- **STATE:** F4
- **ZIP:** 511458
- **BUSINESS PHONE:** 86 020-3466 7656

**MAIL ADDRESS:**
- **STREET 1:** 1301 PEARL DEVELOPMENT BUILDING 1
- **STREET 2:** MINGZHU 1ST ST, HENGLI TWN, NANSHA DIST
- **CITY:** GUANGZHOU
- **STATE:** F4
- **ZIP:** 511458
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ho Chi Sing
- **CENTRAL INDEX KEY:** 0001545806

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT 1509, THE CENTER
- **STREET 2:** 99 QUEEN'S ROAD, CENTRAL
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** F4

## Exhibit 99.1

#### Exhibit 99.1

#### Joint Filing Agreement

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree (i) to the joint filing, on behalf of each of them, of a statement on Schedule 13G (including amendments thereto) with respect to Class A ordinary shares, par value US$0.0005 per share, of Pony AI Inc.; and (ii) that this joint filing agreement may be included as an Exhibit to such joint filing. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others.

---

| |
|:---|
| **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 |
| **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 |
| **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 |
| **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 |
| **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 |

---

------

---

| |
|:---|
| **IDG China Venture Capital Fund GP IV Associates Ltd.** |
| **Signature:** /s/ Quan Zhou |
| **Name/Title:** Quan Zhou / Authorized Signatory |
| **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 |
| **IDG China Capital Fund GP III Associates Ltd.** |
| **Signature:** /s/ Quan Zhou |
| **Name/Title:** Quan Zhou / Authorized Signatory |
| **Quan Zhou** |
| **Signature:** /s/ Quan Zhou |
| **Name/Title:** Quan Zhou |
| **Ho Chi Sing** |
| **Signature:** /s/ Chi Sing Ho |
| **Name/Title:** Chi Sing Ho |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Pony AI Inc.

**Title of Class of Securities:** Class A ordinary shares, par value US$0.0005 per share

**CUSIP Number:** 732908108

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>IDG China Venture Capital Fund IV L.P. | Names of Reporting Persons<br>IDG China Venture Capital Fund IV L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>9288115 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5985813 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>9288115 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5985813 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents 9,288,115 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) 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P., (ii) 4,570,712 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iii) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>IDG China IV Investors L.P. | Names of Reporting Persons<br>IDG China IV Investors L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>1189180 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>14084748 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>1189180 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>14084748 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P.

(2) The value in rows 6 and 8 represents (i) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 4,570,712 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iii) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>IDG China Capital Fund III L.P. | Names of Reporting Persons<br>IDG China Capital Fund III L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>4570712 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>10703216 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>4570712 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>10703216 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents 4,570,712 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) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P., and (iii) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>IDG China Capital III Investors L.P. | Names of Reporting Persons<br>IDG China Capital III Investors L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>225921 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>15048007 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>225921 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>15048007 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents 225,921 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) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P., and (iii) 4,570,712 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>IDG China Venture Capital Fund IV Associates L.P. | Names of Reporting Persons<br>IDG China Venture Capital Fund IV Associates L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>9288115 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5985813 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>9288115 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5985813 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents 9,288,115 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) 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P., (ii) 4,570,712 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iii) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>IDG China Venture Capital Fund GP IV Associates Ltd. | Names of Reporting Persons<br>IDG China Venture Capital Fund GP IV Associates Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>10477295 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4796633 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>10477295 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4796633 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents (i) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., and (ii) 1,189,180 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) 4,570,712 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (ii) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>IDG China Capital Fund III Associates L.P. | Names of Reporting Persons<br>IDG China Capital Fund III Associates L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>4570712 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>10703216 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>4570712 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>10703216 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents 4,570,712 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) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P., and (iii) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>IDG China Capital Fund GP III Associates Ltd. | Names of Reporting Persons<br>IDG China Capital Fund GP III Associates Ltd. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>4796633 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>10477295 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>4796633 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>10477295 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** (1) The value in rows 5 and 7 represents (i) 4,570,712 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (ii) 225,921 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) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., and (ii) 1,189,180 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>Zhou Quan | Names of Reporting Persons<br>Zhou Quan |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>15273928 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>15273928 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** (1) The value in rows 6 and 8 represents (i) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P., (iii) 4,570,712 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iv) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

| 1. | Names of Reporting Persons<br>Ho Chi Sing | Names of Reporting Persons<br>Ho Chi Sing |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>Z4 | Citizenship or Place of Organization<br>Z4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>15273928 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>15273928 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15273928 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.3% | Percent of Class Represented by Amount in Row (9)<br>4.3% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** (1) The value in rows 6 and 8 represents (i) 9,288,115 Class A ordinary shares held of record by IDG China Venture Capital Fund IV L.P., (ii) 1,189,180 Class A ordinary shares held of record by IDG China IV Investors L.P., (iii) 4,570,712 Class A ordinary shares held of record by IDG China Capital Fund III L.P., and (iv) 225,921 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 352,452,783 Class A ordinary shares outstanding as of November 10, 2025 as informed by the Issuer.

---

**Item 1(a). Name of Issuer:**
Pony AI Inc.

**Item 1(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

**Item 2(b). Address of Principal Business Office:**
For all reporting persons:

c/o IDG Capital Management (HK) Limited
Unit 5505, The Center
99 Queen's Road Central
Hong Kong

**Item 2(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.

**Item 2(d). Title of Class of Securities:**
Class A ordinary shares, par value US$0.0005 per share

**Item 2(e). CUSIP Number:**
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).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(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);

(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:**

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 Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

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. Certification:**

—

### 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.**

**Date:** 11/12/2025

**By:** /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

**IDG China IV Investors L.P.**

**Date:** 11/12/2025

**By:** /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

**IDG China Capital Fund III L.P.**

**Date:** 11/12/2025

**By:** /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

**IDG China Capital III Investors L.P.**

**Date:** 11/12/2025

**By:** /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

**IDG China Venture Capital Fund IV Associates L.P.**

**Date:** 11/12/2025

**By:** /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

**IDG China Venture Capital Fund GP IV Associates Ltd.**

**Date:** 11/12/2025

**By:** /s/ Quan Zhou

**Name & Title:** Quan Zhou / Authorized Signatory

**IDG China Capital Fund III Associates L.P.**

**Date:** 11/12/2025

**By:** /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

**IDG China Capital Fund GP III Associates Ltd.**

**Date:** 11/12/2025

**By:** /s/ Quan Zhou

**Name & Title:** Quan Zhou / Authorized Signatory

**Zhou Quan**

**Date:** 11/12/2025

**By:** /s/ Quan Zhou

**Name & Title:** Quan Zhou

**Ho Chi Sing**

**Date:** 11/12/2025

**By:** /s/ Chi Sing Ho

**Name & Title:** Chi Sing Ho