Hillhouse Venture Capital partner Yan Wentao is the frontrunner to become DeepSeek’s CFO and is reportedly preparing to leave his firm, Phoenix Tech reports, citing multiple sources. The appointment remains unconfirmed.

Born in 1991, Yan has invested in ByteDance, http://Z.ai and MiniMax.

The potential hire comes as DeepSeek prepares for a STAR Market listing. Reuters reported it hired CITIC Securities and aims to begin the IPO process this year.