DeepSeek Fails to Reach Financing Terms with Alibaba; Tencent Proposes Up to 20% Stake

According to Odaily, DeepSeek and Alibaba failed to reach consensus on financing terms in recent negotiations. Sources cited low compatibility between Alibaba's ecosystem and DeepSeek's operations, while DeepSeek seeks to minimize contractual constraints given multiple funding options available.

Bloomberg reported that Tencent proposed acquiring up to 20% of DeepSeek in the current funding round, but DeepSeek declined to cede significant control. The AI company is targeting 500 million in external funding at a valuation of 300 billion, with 200 million allocated for internal capital increases.