DeepSeek — Legal Structure: Private subsidiary of High-Flyer

Note: The source confirms that DeepSeek is a private company owned by High-Flyer and that Liang Wenfeng is the founder and CEO. However, the source does not provide the specific ownership percentages (84% to Liang Wenfeng, remainder to High-Flyer affiliates) or explicitly confirm the absence of external VC funding as of early 2026. The source states DeepSeek is 'owned and funded by' High-Flyer but does not break down the exact ownership structure or address VC funding status. The claim about no external VC funding is unverifiable from this source.