DeepSeek backer High-Flyer Quant makes a push into China's hot IPO market

High-Flyer Quant, the quantitative trading firm that bankrolled the DeepSeek AI model, is making a push into China's initial public offering market in search of higher returns. The move comes as China's IPO market is experiencing a hot streak, though it remains volatile and unpredictable. The expansion marks a notable strategic shift for a firm previously known primarily for algorithmic trading.