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TENCENT, BABA-W In Talks to Invest in DeepSeek at Valuation Exceeding USD20B: Wire
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TENCENT (00700.HK) and BABA-W (09988.HK) are in preliminary discussions on investing in an AI startup DeepSeek, according to US tech web The Information, citing multiple sources. DeepSeek has raised its target valuation for this funding round to over USD20 billion, and the fundraising size may be further expanded. However, negotiations are still ongoing, and both the final valuation and fundraising scale remain subject to change. Auto-translated by AI AASTOCKS Financial News |
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