About
High-Flyer (幻方量化) is a leading Chinese quant fund that peaked at 100B yuan (~$14B) AUM before pivoting resources to AI research. Founded DeepSeek, the AI lab behind the DeepSeek-R1 model. Serves 10,000+ HNW individuals and institutions, winning China's Golden Bull Award multiple times. Second-best performing Chinese quant fund in 2025 with 56.6% returns. Consistently beat CSI 300 from 2018-2024.
Key Facts
- [1]Employees: Employee count: 51-200.
- [2]Website: Official website: high-flyer.cn.
- [3]AI Technology: Core AI/ML technologies: Reinforcement Learning.
- [4]Region: Region: APAC (CN).
Founder
Liang Wang
Founder
AI Technology
Reinforcement Learning
Reinforcement learning for trading and portfolio optimization
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is High-Flyer?
High-Flyer (幻方量化) is a leading Chinese quant fund that peaked at 100B yuan (~$14B) AUM before pivoting resources to AI research. Founded DeepSeek, the AI lab behind the DeepSeek-R1 model. Serves 10,000+ HNW individuals and institutions, winning China's Golden Bull Award multiple times. Second-best performing Chinese quant fund in 2025 with 56.6% returns. Consistently beat CSI 300 from 2018-2024. High-Flyer is classified in the Trading & Markets segment at the Models layer of the financial AI stack.
Who founded High-Flyer?
High-Flyer was founded by Liang Wang (Founder).
What AI technology does High-Flyer use?
High-Flyer primarily leverages Reinforcement Learning technology. Reinforcement learning for trading and portfolio optimization. Within the Trading & Markets segment, 17 companies use this technology.
What market segment does High-Flyer operate in?
High-Flyer operates in the Trading & Markets market segment. AI-powered trading and markets companies are transforming how financial instruments are bought, sold, and priced across global exchanges. These companies apply machine learning to algorithmic trading, market making, order execution, and quantitative strategy development.
Where is High-Flyer headquartered?
High-Flyer is headquartered in Hangzhou, CN. The company operates in the APAC region. The team consists of 51-200 employees. CN is home to 3 financial AI companies tracked by AIFI Map.
Who are High-Flyer's competitors?
Companies similar to High-Flyer in the Trading & Markets space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does High-Flyer offer?
High-Flyer builds models-layer solutions for the financial services industry. The company's core offering: Chinese AI quant fund. The platform is powered by Reinforcement Learning technology.