A closer look at the quantitative hedge fund whose profits paved the way for DeepSeek.
Liang Wenfeng, founder of DeepSeek, delivers the keynote speech during the 10th China Private Equity Golden Bull Awards, August 30, 2019, in Shanghai, China. Credit: VCG via Getty Images
The sudden emergence of DeepSeek as a global leader in artificial intelligence has been one of the surprises of 2025 so far. Just as remarkable is the path the Chinese firm has taken from high finance to high tech in less than ten years.
High-Flyer Quant's official website.
DeepSeek is not the first Chinese company to successfully pivot from one industry to another, moves often made to reflect Beijing’s policy preferences. In DeepSeek’s case, that meant blossoming from the stem of High
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
If Xi Jinping is becoming more preoccupied with internal politics, it could lead to a period of relative calm in China’s relations with the United States.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
