Liang Wenfeng

About Liang Wenfeng

Liang Wenfeng is the founder of Hangzhou, China-based AI firm DeepSeek and quantitative trading firm High-Flyer Capital Management.

DeepSeek took the world by storm when it released its R1 model in January 2025, claiming to rival the performance of OpenAI's ChatGPT at a lower cost.

Liang launched DeepSeek in 2023 and funded it in part with proceeds from High-Flyer, the hedge fund he founded in 2015 with two college classmates.

Liang used math and AI techniques to build High-Flyer, and by 2019 it was one of the largest and best-performing quantitative trading firms in China.

High-Flyer reached a peak of $14 billion in assets under management in 2021. The firm's performance then declined and assets fell to around $6 billion.