DeepSeek and the company owned by Liang Wenfeng, founder of Magic Square Quantification, appeared on Changxin Technology's “Breaking New List.” According to Changxin Technology's Science and Technology Innovation Board listing announcement, 153 funds under Ningbo Huanfang Quantitative Investment Management Partnership and 41 funds under Zhejiang Jiuzhang Asset Management Co., Ltd. appeared in the investor quotation information statistics table. According to Tianyan Research, Liang Wenfeng holds 85% of Zhejiang Jiuzhang Asset Management Co., Ltd., and holds more than 75% of the shares in Ningbo Huanfang Quantitative Investment Management Partnership.

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