DeepSeek and Alibaba funding talks break down follow-up: Alibaba did not proceed with negotiations

Odaily reported that in April, DeepSeek (深度求索) unusually launched a massive fundraising plan, attracting two major companies—Tencent and Alibaba. Previously, there were media reports that Alibaba and DeepSeek had failed to reach an agreement. In response, a market source exclusively told reporters on May 9 that Alibaba likely did not engage in negotiations. (National Business Daily)