China AI Startup DeepSeek to Raise $7.4 Billion (CNY 50 Billion) at $59 Billion (CNY 400 Billion) Valuation, DeepSeek AI Model Built with $6 Million Funding, Founded in 2023 & Invested Solely by China $14 Billion Quant Hedge Fund High-Flyer Quant, DeepSeek CEO Liang Wenfeng is High-Flyer Quant Co-Founder, High-Flyer Quant Founded in 2015 Relying on Mathematics & AI for Quantitative Investment
4th June 2026 | Hong Kong
China AI startup DeepSeek is raising $7.4 billion (CNY 50 billion) at $59 billion (CNY 400 billion) valuation. In 2026 May, DeepSeek was reported to be raising $4 billion funding at $45 billion to $50 billion valuation. In 2026 April, DeepSeek co-founder Liang Wenfeng increased his share capital in DeepSeek by 50% to $2.2 million (CNY 15 million), with his personal shareholding increasing to 34% from 1% (Total ownership increased to 84.3%) and Cheng’en Enterprise Management Consulting Partnership Enterprise with 66% stake. In 2026 April, DeepSeek was reported to be raising new funding at $20 billion valuation. In 2025 January, China AI startup DeepSeek AI model & ChatGPT competitor was reported to be built with $6 million funding. DeepSeek was founded in 2023, and invested solely by China quant hedge fund High-Flyer Quant ($14 billion AUM). DeepSeek CEO Liang Wenfeng is High-Flyer Quant co-founder. High-Flyer Quant was founded in 2015, relying on Mathematics and AI for quantitative investment. In 2025 August, China quant hedge fund High-Flyer Quant ($14 billion AUM) Head of Market Operations Li Cheng was placed under investigation for illegal kickbacks of brokerage commissions. In 2025 February, United States was reported to be investigating if Nvidia chips had been indirectly exported to China AI startup DeepSeek via Singapore, bypassing United States selling restrictions. Singapore market accounts for 20% of Nvidia revenue. In 2022, High-Flyer donated CNY 221.38 million ($30 million) to employees, with 1 employee (Pingfan Xiaozhu) donating CNY 138 million ($19 million). In 2021, High-Flyer AI spent CNY 1 billion ($137 million) to build an AI high-performance computing platform (AIHPC: Fire-Flyer II), and had spent CNY 200 million ($27 million) to build Fire-Flyer I. In 2016, High-Flyer created the first stock position using AI model (deep learning algorithm model launched for real-time trading on 21/10/16). In 2023, High-Flyer Quant suspended co-founder Xu Jin, citing reputation risk from Xu Jin improper handling of family issue. In 2021, China top quant hedge fund Zhejiang High-Flyer Asset Management apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China. High-Flyer – We bring science to understanding the financial markets, identifying asset mispricing, and investing. Specialized in AI, High-Flyer is an outstanding quant hedge fund both at home and abroad. We have achieved excellent performance for many years in a row by dealing with massive data through neural networks, building natural language processing models to analyze financial and economic behavior.
“ China AI Startup DeepSeek to Raise $7.4 Billion (CNY 50 Billion) at $59 Billion (CNY 400 Billion) Valuation, DeepSeek AI Model Built with $6 Million Funding, Founded in 2023 & Invested Solely by China $14 Billion Quant Hedge Fund High-Flyer Quant, DeepSeek CEO Liang Wenfeng is High-Flyer Quant Co-Founder, High-Flyer Quant Founded in 2015 Relying on Mathematics & AI for Quantitative Investment “
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China AI Startup DeepSeek to Raise $4 Billion at $50 Billion Valuation, DeepSeek AI Model Built with $6 Million Funding, Founded in 2023 & Invested Solely by China $14 Billion Quant Hedge Fund High-Flyer Quant, DeepSeek CEO Liang Wenfeng is High-Flyer Quant Co-Founder, High-Flyer Quant Founded in 2015 Relying on Mathematics & AI for Quantitative Investment
13th May 2026 – China AI startup DeepSeek is reported to be raising $4 billion funding at $45 billion to $50 billion valuation. In 2026 April, DeepSeek co-founder Liang Wenfeng increased his share capital in DeepSeek by 50% to $2.2 million (CNY 15 million), with his personal shareholding increasing to 34% from 1% (Total ownership increased to 84.3%) and Cheng’en Enterprise Management Consulting Partnership Enterprise with 66% stake. In 2026 April, DeepSeek was reported to be raising new funding at $20 billion valuation. In 2025 January, China AI startup DeepSeek AI model & ChatGPT competitor was reported to be built with $6 million funding. DeepSeek was founded in 2023, and invested solely by China quant hedge fund High-Flyer Quant ($14 billion AUM). DeepSeek CEO Liang Wenfeng is High-Flyer Quant co-founder. High-Flyer Quant was founded in 2015, relying on Mathematics and AI for quantitative investment. In 2025 August, China quant hedge fund High-Flyer Quant ($14 billion AUM) Head of Market Operations Li Cheng was placed under investigation for illegal kickbacks of brokerage commissions. In 2025 February, United States was reported to be investigating if Nvidia chips had been indirectly exported to China AI startup DeepSeek via Singapore, bypassing United States selling restrictions. Singapore market accounts for 20% of Nvidia revenue. In 2022, High-Flyer donated CNY 221.38 million ($30 million) to employees, with 1 employee (Pingfan Xiaozhu) donating CNY 138 million ($19 million). In 2021, High-Flyer AI spent CNY 1 billion ($137 million) to build an AI high-performance computing platform (AIHPC: Fire-Flyer II), and had spent CNY 200 million ($27 million) to build Fire-Flyer I. In 2016, High-Flyer created the first stock position using AI model (deep learning algorithm model launched for real-time trading on 21/10/16). In 2023, High-Flyer Quant suspended co-founder Xu Jin, citing reputation risk from Xu Jin improper handling of family issue. In 2021, China top quant hedge fund Zhejiang High-Flyer Asset Management apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China. High-Flyer – We bring science to understanding the financial markets, identifying asset mispricing, and investing. Specialized in AI, High-Flyer is an outstanding quant hedge fund both at home and abroad. We have achieved excellent performance for many years in a row by dealing with massive data through neural networks, building natural language processing models to analyze financial and economic behavior.
China AI Startup DeepSeek to Raise $4 Billion at $45 Billion Valuation, DeepSeek AI Model Built with $6 Million Funding, Founded in 2023 & Invested Solely by China $14 Billion Quant Hedge Fund High-Flyer Quant, DeepSeek CEO Liang Wenfeng is High-Flyer Quant Co-Founder, High-Flyer Quant Founded in 2015 Relying on Mathematics & AI for Quantitative Investment
9th May 2026 – China AI startup DeepSeek is reported to be raising $4 billion funding at $45 billion valuation. In 2026 April, DeepSeek co-founder Liang Wenfeng increased his share capital in DeepSeek by 50% to $2.2 million (CNY 15 million), with his personal shareholding increasing to 34% from 1% (Total ownership increased to 84.3%) and Cheng’en Enterprise Management Consulting Partnership Enterprise with 66% stake. In 2026 April, DeepSeek was reported to be raising new funding at $20 billion valuation. In 2025 January, China AI startup DeepSeek AI model & ChatGPT competitor was reported to be built with $6 million funding. DeepSeek was founded in 2023, and invested solely by China quant hedge fund High-Flyer Quant ($14 billion AUM). DeepSeek CEO Liang Wenfeng is High-Flyer Quant co-founder. High-Flyer Quant was founded in 2015, relying on Mathematics and AI for quantitative investment. In 2025 August, China quant hedge fund High-Flyer Quant ($14 billion AUM) Head of Market Operations Li Cheng was placed under investigation for illegal kickbacks of brokerage commissions. In 2025 February, United States was reported to be investigating if Nvidia chips had been indirectly exported to China AI startup DeepSeek via Singapore, bypassing United States selling restrictions. Singapore market accounts for 20% of Nvidia revenue. In 2022, High-Flyer donated CNY 221.38 million ($30 million) to employees, with 1 employee (Pingfan Xiaozhu) donating CNY 138 million ($19 million). In 2021, High-Flyer AI spent CNY 1 billion ($137 million) to build an AI high-performance computing platform (AIHPC: Fire-Flyer II), and had spent CNY 200 million ($27 million) to build Fire-Flyer I. In 2016, High-Flyer created the first stock position using AI model (deep learning algorithm model launched for real-time trading on 21/10/16). In 2023, High-Flyer Quant suspended co-founder Xu Jin, citing reputation risk from Xu Jin improper handling of family issue. In 2021, China top quant hedge fund Zhejiang High-Flyer Asset Management apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China. High-Flyer – We bring science to understanding the financial markets, identifying asset mispricing, and investing. Specialized in AI, High-Flyer is an outstanding quant hedge fund both at home and abroad. We have achieved excellent performance for many years in a row by dealing with massive data through neural networks, building natural language processing models to analyze financial and economic behavior.
China $20 Billion AI Startup DeepSeek Co-Founder Liang Wenfeng Increased Share Capital by 50% to $2.2 Million (CNY 15 Million) with Personal Shareholding Increasing to 34% from 1% (Total Ownership Increased to 84.3%) and Ningbo Cheng’en Enterprise Management Consulting Partnership Enterprise with 66% Stake, in Talks to Raise New Funding from Alibaba & Tencent at $20 Billion Valuation, DeepSeek AI Model Built with $6 Million Funding, Founded in 2023 & Invested Solely by China $14 Billion Quant Hedge Fund High-Flyer Quant, DeepSeek CEO Liang Wenfeng is High-Flyer Quant Co-Founder, High-Flyer Quant Founded in 2015 Relying on Mathematics & AI for Quantitative Investment
29th April 2026 – China AI startup DeepSeek ($20 billion reported target valuation) co-founder Liang Wenfeng has increased his share capital in DeepSeek by 50% to $2.2 million (CNY 15 million), with his personal shareholding increasing to 34% from 1% (Total ownership increased to 84.3%) and Cheng’en Enterprise Management Consulting Partnership Enterprise with 66% stake. In 2026 April, DeepSeek was reported to be raising new funding at $20 billion valuation. In 2025 January, China AI startup DeepSeek AI model & ChatGPT competitor was reported to be built with $6 million funding. DeepSeek was founded in 2023, and invested solely by China quant hedge fund High-Flyer Quant ($14 billion AUM). DeepSeek CEO Liang Wenfeng is High-Flyer Quant co-founder. High-Flyer Quant was founded in 2015, relying on Mathematics and AI for quantitative investment. In 2025 August, China quant hedge fund High-Flyer Quant ($14 billion AUM) Head of Market Operations Li Cheng was placed under investigation for illegal kickbacks of brokerage commissions. In 2025 February, United States was reported to be investigating if Nvidia chips had been indirectly exported to China AI startup DeepSeek via Singapore, bypassing United States selling restrictions. Singapore market accounts for 20% of Nvidia revenue. In 2022, High-Flyer donated CNY 221.38 million ($30 million) to employees, with 1 employee (Pingfan Xiaozhu) donating CNY 138 million ($19 million). In 2021, High-Flyer AI spent CNY 1 billion ($137 million) to build an AI high-performance computing platform (AIHPC: Fire-Flyer II), and had spent CNY 200 million ($27 million) to build Fire-Flyer I. In 2016, High-Flyer created the first stock position using AI model (deep learning algorithm model launched for real-time trading on 21/10/16). In 2023, High-Flyer Quant suspended co-founder Xu Jin, citing reputation risk from Xu Jin improper handling of family issue. In 2021, China top quant hedge fund Zhejiang High-Flyer Asset Management apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China. High-Flyer – We bring science to understanding the financial markets, identifying asset mispricing, and investing. Specialized in AI, High-Flyer is an outstanding quant hedge fund both at home and abroad. We have achieved excellent performance for many years in a row by dealing with massive data through neural networks, building natural language processing models to analyze financial and economic behavior.
China AI Startup DeepSeek to Raise New Funding at $20 Billion Valuation, DeepSeek AI Model Built with $6 Million Funding, Founded in 2023 & Invested Solely by China $14 Billion Quant Hedge Fund High-Flyer Quant, DeepSeek CEO Liang Wenfeng is High-Flyer Quant Co-Founder, High-Flyer Quant Founded in 2015 Relying on Mathematics & AI for Quantitative Investment
27th April 2026 | Hong Kong – China AI startup DeepSeek is reported to be raising new funding at $20 billion valuation. In 2025 January, China AI startup DeepSeek AI model & ChatGPT competitor was reported to be built with $6 million funding. DeepSeek was founded in 2023, and invested solely by China quant hedge fund High-Flyer Quant ($14 billion AUM). DeepSeek CEO Liang Wenfeng is High-Flyer Quant co-founder. High-Flyer Quant was founded in 2015, relying on Mathematics and AI for quantitative investment. In 2025 August, China quant hedge fund High-Flyer Quant ($14 billion AUM) Head of Market Operations Li Cheng was placed under investigation for illegal kickbacks of brokerage commissions. In 2025 February, United States was reported to be investigating if Nvidia chips had been indirectly exported to China AI startup DeepSeek via Singapore, bypassing United States selling restrictions. Singapore market accounts for 20% of Nvidia revenue. In 2022, High-Flyer donated CNY 221.38 million ($30 million) to employees, with 1 employee (Pingfan Xiaozhu) donating CNY 138 million ($19 million). In 2021, High-Flyer AI spent CNY 1 billion ($137 million) to build an AI high-performance computing platform (AIHPC: Fire-Flyer II), and had spent CNY 200 million ($27 million) to build Fire-Flyer I. In 2016, High-Flyer created the first stock position using AI model (deep learning algorithm model launched for real-time trading on 21/10/16). In 2023, High-Flyer Quant suspended co-founder Xu Jin, citing reputation risk from Xu Jin improper handling of family issue. In 2021, China top quant hedge fund Zhejiang High-Flyer Asset Management apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China. High-Flyer – We bring science to understanding the financial markets, identifying asset mispricing, and investing. Specialized in AI, High-Flyer is an outstanding quant hedge fund both at home and abroad. We have achieved excellent performance for many years in a row by dealing with massive data through neural networks, building natural language processing models to analyze financial and economic behavior.
China AI Startup DeepSeek AI Model & ChatGPT Competitor Built with $6 Million Funding, Founded in 2023 & Invested Solely by China Quant Hedge Fund High-Flyer Quant, DeepSeek CEO Liang Wenfeng Age 39 is High-Flyer Quant Co-Founder, High-Flyer Quant was Founded in 2015 Relying on Mathematics & AI for Quantitative Investment
29th January 2025 – China AI startup DeepSeek AI model & ChatGPT competitor was reported to be built with $6 million funding. DeepSeek was founded in 2023, and is invested solely by China quant hedge fund High-Flyer Quant. DeepSeek CEO Liang Wenfeng (Age 39) is High-Flyer Quant co-founder. High-Flyer Quant was founded in 2015, relying on Mathematics and AI for quantitative investment. In 2022, High-Flyer donated CNY 221.38 million ($30 million) to employees, with 1 employee (Pingfan Xiaozhu) donating CNY 138 million ($19 million). In 2021, High-Flyer AI spent CNY 1 billion ($137 million) to build an AI high-performance computing platform (AIHPC: Fire-Flyer II), and had spent CNY 200 million ($27 million) to build Fire-Flyer I. In 2016, High-Flyer created the first stock position using AI model (deep learning algorithm model launched for real-time trading on 21/10/16). In 2023, High-Flyer Quant suspended co-founder Xu Jin, citing reputation risk from Xu Jin improper handling of family issue. In 2021, China top quant hedge fund Zhejiang High-Flyer Asset Management apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China. High-Flyer – We bring science to understanding the financial markets, identifying asset mispricing, and investing. Specialized in AI, High-Flyer is an outstanding quant hedge fund both at home and abroad. We have achieved excellent performance for many years in a row by dealing with massive data through neural networks, building natural language processing models to analyze financial and economic behavior.
China $5.4 Billion Hedge Fund High-Flyer Quant Suspends Co-Founder Xu Jin, Reputation Risk from Xu Jin Improper Handling of Family Issue
28th October 2023 – China leading $5.4 billion hedge fund High-Flyer Quant has suspended co-founder Xu Jin, citing reputation risk from Xu Jin improper handling of family issue. High-Flyer Quant was established in 2015, relying mathematics and AI for quantitative investment. In 2021, China top quant hedge fund Zhejiang High-Flyer Asset Management apologised to investors for record loss caused by mistimed trades, which is the biggest loss in the hedge fund history. The quant hedge fund posted a statement on Wechat that it was “deeply guilty.” Zhejiang High-Flyer Asset Management manages around $14.1 billion (CNY 90 billion), which is the largest quant hedge fund in China.
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