High-Flyer Quant, co-owned by DeepSeek founder and CEO Liang Wenfeng, recorded a return of 56.6% last year, reports the South China Morning Post. This ranks it second among China’s 10 top-performing large hedge-fund firms. According to the ranking published on Monday by data provider Shenzhen PaiPaiWang Investment & Management, High-Flyer only trailed behind Lingjun Investment, which posted a return of 73.5% […]
Category: Investment
Aridge, the flying car unit of XPeng, has tapped investment banks to prepare for an initial public offering in Hong Kong, reports Caixin, citing people familiar with the matter. The company declined to comment, however speculation about a possible listing began in June 2025, when Aridge appointed Du Chao as CFO. Du, a veteran with nearly […]
China’s industry regulator has pledged to provide more fiscal support for small-scale innovative firms in specialised industries, reports the South China Morning Post. The support for firms referred to as the country’s “little giants” are part of a range of measures designed to boost the country’s technological self-reliance and upgrade key industries. Li Lecheng, the head of China’s […]
X Square Robot, a China-based startup specializing in humanoid robotics, has raised RMB 1 billion yuan ($143 million) in a new funding round led by TikTok owner ByteDance and venture capital firm HongShan Capital Group, reports Caixin. The investment marks the latest sign of investor enthusiasm for China’s fast-evolving “embodied AI” sector—artificial intelligence systems capable of […]
Shanghai has announced a slew of new investments worth RMB 70 billion ($10 billion) in hi-tech industries ranging from chips to artificial intelligence and aviation, reports the South China Morning Post. Shanghai is the latest Chinese city to unveil ambitious plans to boost local innovation amid an intensifying US-China tech race. The city’s Pudong district unveiled […]