A hedge fund founded by DeepSeek creator Liang Wenfeng delivered returns exceeding 50% last year, significantly strengthening the financial reserves behind the fast-growing AI company. Zhejiang High-Flyer Asset Management, which oversees about 70 billion yuan ($9.8 billion) in assets, reported an average annual return of 56.6%, placing it among the top-performing quantitative funds in China.
The strong performance has provided additional capital flexibility for DeepSeek, whose neural network models have drawn global attention for achieving competitive results at lower computational and energy costs than many Western rivals. Analysts say the fund’s success highlights the close link between advanced quantitative research and AI development.
Market participants view High-Flyer’s results as further evidence that China’s AI-driven investment strategies are becoming an increasingly influential force in global technology and capital markets.