DeepSeek's equity structure is multi - tiered, ensuring founder control, isolating risks, and reserving space for future financing and employee shareholding. Here are the details:
1. Direct Shareholder Level: The operating entity of DeepSeek is Hangzhou Depth Seeker Artificial Intelligence Basic Technology Research Co., Ltd., with Ningbo Chengen Enterprise Management Consulting Partnership holding 99% and Liang Wenfeng holding 1%.
2. Ningbo Chengen Level: Its equity structure:
- Ningbo Chengxin Ruozhao Enterprise Management Consulting Partnership holds 49.8% of Ningbo Chengen;
- Liang Wenfeng, as an LP, holds 50.1% of Ningbo Chengen;
- o Ningbo Chengpu Business Consulting Co., Ltd., as a GP, holds 0.1% of Ningbo Chengen.
3. Ningbo Chengxin Level: Its equity structure:
- Ningbo Chengpu, as a GP, holds 0.1% of Ningbo Chengxin;
- Liang Wenfeng, Li Huan, Zheng Dawei, and Chen Zhe, as LPs, hold 68.14%, 12.03%, 12.03%, and 7.7% of Ningbo Chengxin respectively.
4. Ningbo Chengpu Level: Its equity structure:
- Liang Wenfeng is the major shareholder, holding 68.21% of Ningbo Chengpu;
- The other three shareholders, Li Huan, Zheng Dawei, and Chen Zhe, hold 12.04%, 12.04%, and 7.71% of Ningbo Chengpu respectively.
5. Control and Risk Isolation:
- Centralized Control: Through the multi - tiered structure, Liang Wenfeng directly and indirectly holds about 84.29% of DeepSeek, giving him absolute control.
- Risk Isolation: By setting up holding platforms like Ningbo Chengen and Ningbo Chengxin, DeepSeek avoids being a one - person company, isolating personal and company assets.
6. Business Subsidiary Level: DeepSeek wholly owns Beijing Depth Seeker Artificial Intelligence Basic Technology Research Co., Ltd., forming a "firewall company + business subsidiary" structure. This limits business risks to the subsidiary and allows indirect business control.