Who Owns DeepSeek?
Updated onExplore the ownership hierarchy of DeepSeek. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
DeepSeek
An open-source AI company producing high-performance LLMs (R1/V3 series) and developer tooling for model training and inference.
Starts at $0
High-Flyer
High-Flyer is a Chinese quantitative hedge fund and AI research company that develops large-scale deep learning infrastructure and uses AI-driven strategies for investment.
DeepSeek
An open-source AI company producing high-performance LLMs (R1/V3 series) and developer tooling for model training and inference.
Starts at $0
High-Flyer
High-Flyer is a Chinese quantitative hedge fund and AI research company that develops large-scale deep learning infrastructure and uses AI-driven strategies for investment.
Major Shareholders
DeepSeek
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Ningbo Cheng'en Enterprise Management Consulting Partnership (Limited Partnership) (宁波程恩企业管理咨询合伙企业（有限合伙）) Chinese corporate registry services (Aiqicha and Qichacha) list this limited partnership as holding 99% of the registered capital of Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (DeepSeek). | Corporate | 99.0% | Dec 2025 |
Liang Wenfeng (梁文锋) Founder Liang Wenfeng is recorded in Chinese corporate filings as a direct shareholder with 1% of DeepSeek’s registered capital; he is also identified in multiple analyses as the ultimate controlling shareholder via upstream partnerships, but his only direct stake in this entity is 1%. | Individual | 1.0% | Dec 2025 |
High-Flyer
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Liang Wenfeng Founder and de facto controlling shareholder of High-Flyer (Ningbo High-Flyer Quantitative Investment Management Partnership and related management entities). Chinese corporate registry summaries reported in 2025 indicate he ultimately owns roughly three-quarters of the equity; some English-language reports instead cite a slightly lower majority stake with enhanced voting control. Exact current percentage may vary slightly, but he is widely described as the controlling owner. | Individual | 76.3% | — |
Zheng Dawei Co‑founder and senior executive of High-Flyer. Corporate registry look‑through data cited in 2025 analysis places his beneficial ownership in the low‑teens percentage range, making him the second‑largest individual owner after Liang Wenfeng. | Individual | 11.8% | — |
Other High-Flyer partners and executives Represents the remaining equity in the privately held High-Flyer group, held by other managers, partners, and affiliated vehicles (including entities associated with co‑founder Xu Jin and other early team members). Public sources agree that, aside from Liang Wenfeng and Zheng Dawei, ownership is dispersed among internal executives; detailed individual stakes are not publicly disclosed. The percentage shown is the approximate residual after accounting for the two largest known individual owners. | Other | 11.9% | — |
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