Market News: Alibaba and DeepSeek Fail to Reach Agreement on Specific Financing Terms; Tencent May Subscribe for Up to 20% Stake

Odaily Planet Daily News A source close to DeepSeek revealed that Alibaba and DeepSeek were unable to reach an agreement on specific financing terms. On one hand, Alibaba's own ecosystem is not highly compatible with DeepSeek's needs, and DeepSeek is not short of potential external investors, hoping to minimize restrictions in the terms.

Furthermore, DeepSeek and its potential shareholders are currently negotiating. Bloomberg, citing informed sources, reported that Tencent has proposed subscribing for up to a 20% stake in DeepSeek during this financing round, but DeepSeek is unwilling to cede a large degree of control. According to earlier reports, DeepSeek is valued at up to 300 billion yuan and plans to raise 50 billion yuan, of which 20 billion yuan will be an internal capital increase and 30 billion yuan will come from external fundraising. This valuation has been confirmed by DeepSeek's internal employees. (Beluga Lab)