DeepSeek's First Round Funding Draws Attention: Valuation May Reach $45B, Alibaba Denies Negotiations

Recently, DeepSeek's first round of funding plan has attracted market attention. Reports suggest its target funding size is up to 50 billion yuan, with a potential valuation of $45 billion. If the funding is finalized, it will be the largest financing deal for a Chinese AI company to date.

Market insiders revealed that Alibaba did not participate in financing negotiations with DeepSeek, contradicting earlier rumors. Additionally, the National Integrated Circuit Industry Investment Fund is in talks to lead the funding round.