Liang Wenfeng, DeepSeek and High-Flyer
Liang Wenfeng controls DeepSeek, valued at more than $75 billion in October 2026, and co-founded High-Flyer 23.
Full nameLiang Wenfeng
NationalityChina
Known forFounder of DeepSeek; co-founder of High-Flyer
Liang Wenfeng's companies
| Company | Role |
|---|---|
| DeepSeek | Founder, CEO and controlling shareholder; launched May 2023 |
| High-Flyer (Ningbo High-Flyer Quantitative Investment Management) | Co-founder; about 70 billion yuan under management in January 2026 |
DeepSeek
A Hangzhou AI lab that Liang launched in May 2023 from within High-Flyer. Its low-cost R1 model topped the US iOS App Store's free downloads in January 2025, and an October 2026 funding round valued it at more than $75 billion 368.
High-Flyer
The quant fund he co-founded in 2015 with two Zhejiang University classmates. Bloomberg says its returns helped fund DeepSeek's growth 27.
Frequently asked questions
Estimates range from about 78% to 84%, directly and through High-Flyer. DeepSeek is private and ownership is not publicly filed.
A hedge fund he co-founded in 2015. It used AI to trade stocks and helped fund DeepSeek.
Sources✓ Verified 14 Nov 2026
1 Bloomberg, Bloomberg Billionaires Index: Liang Wenfeng, 1 Jan 2026, Controlling stake
2 Forbes Australia, Ranked: China's 100 richest 2026, 4 Nov 2026, $75B valuation
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