Liang Wenfeng
Overview
- Source of Wealth
- AI, hedge fund
- Industry
- Technology
- Residence
- Hangzhou
- Education
- Zhejiang University (Bachelor of Engineering)Zhejiang University (Master of Science in Engineering)
Biography
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.
About
Liang met with Chinese president Xi Jinping at a meeting with Chinese tech entrepreneurs in Beijing in February 2025.