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

According to a source close to DeepSeek, Alibaba and DeepSeek failed to agree on specific financing terms. On one hand, Alibaba's own ecosystem does not align highly with DeepSeek. On the other hand, DeepSeek does not lack external candidate shareholders for capital injection and hopes to minimize term constraints as much as possible.

Additionally, DeepSeek and potential shareholders are currently engaged in negotiations at the table. Citing informed sources, Bloomberg reported that Tencent has proposed subscribing to up to 20% of DeepSeek's shares in this financing round, but DeepSeek is unwilling to cede a large proportion of control. According to earlier reports, DeepSeek is valued at as much as 300 billion and plans to raise 50 billion, of which 20 billion will be internal capital increases and 30 billion will be external fundraising. This valuation has been confirmed by DeepSeek's internal employees. (Beluga Lab)