Hangzhou-based High-Flyer Quant, co-owned by DeepSeek founder Liang Wenfeng, ranked second among China’s 10 top-performing large hedge-fund firms in 2025, posting an impressive 56.6% return, according to Shenzhen PaiPaiWang Investment & Management.

Liang Wenfeng, the 39-year-old founder of Chinese AI startup DeepSeek, has quickly become a key figure in China's tech sector, embodying the nation's hopes of overcoming U.S. export controls.