DeepSeek founder Liang Wenfeng’s quantitative hedge fund generated returns of more than 50% last year, boosting the potential war chest for a company that has already shaken up the global tech landscape despite spending far less than rivals.Zhejiang High-Flyer Asset Management, which oversees more than 70 billion yuan ($10 billion), posted an average return of 56.6% across its funds in 2025, according to data compiled by consultancy Shenzhen PaiPaiWang Investment & Management Co....