DeepSeek Founder's Fund Slumps 16% as AI Rout Hits China Quants

Liang Wenfeng's Zhejiang High-Flyer Asset Management, a Chinese quantitative hedge fund, suffered a 15.7% loss in the week ending July 17, 2026. The decline is attributed to a broader rout in AI-related stocks, intensifying concerns about a potential bubble in the sector. The sharp drawdowns highlight the vulnerability of Chinese quantitative funds to wild swings in AI stocks. The article, published by The Business Times on July 20, 2026, underscores the impact of market volatility on AI-focused investment strategies in China.

First published Aug 4, 01:55 PM UTCUpdated Jul 20, 10:00 AM UTC1 reports · 1 sources

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Opened from WirecurrentJul 20, 10:00 AM UTC

DeepSeek Founder's Fund Slumps 16% as AI Rout Hits China Quants

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DeepSeek Founder's Fund Slumps 16% as AI Rout Hits China QuantsThe Business TimesRegionalJul 20, 10:00 AM UTC

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