Alibaba Did Not Participate in DeepSeek’s Financing Negotiations; Market Sources Deny Rumors of a “Breakdown” in Talks

According to Yicai, recent reports indicate that DeepSeek is launching its first round of financing, attracting interest from companies including Tencent and Alibaba in discussions regarding equity investment. However, negotiations between Alibaba and DeepSeek recently broke down. Today, a market source told Yicai reporters that Alibaba likely did not engage in such negotiations.