Deepseek and Alibaba Funding Negotiations Reportedly Break Down: Alibaba Did Not Participate in Talks

Odaily reported that in April, DeepSeek launched a rare massive fundraising plan, attracting major players Tencent and Alibaba. Earlier, media sources claimed that negotiations between Alibaba and DeepSeek had collapsed. In response, a market source exclusively told reporters on May 9 that Alibaba likely did not participate in any talks. (National Business Daily)