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Alibaba, DeepSeek Fail to Agree on Funding Terms as Tencent Considers 20% Stake

2026-05-11 16:25:23

Alibaba and DeepSeek failed to agree on financing terms, while Tencent discussed subscribing to up to 20% of DeepSeek’s shares in the round. Previous reports valued DeepSeek at up to 300 billion and said the company plans to raise 50 billion.

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