DeepSeek valued at $20 billion

·2026.04.22 23:33

Key point

Tencent and Alibaba are in talks to invest in DeepSeek.

Tencent Holdings and Alibaba Group are discussing participating in DeepSeek's first external investment round.

Reuters, citing a report from The Information, said DeepSeek is seeking to raise funding at a valuation exceeding $20 billion.

The negotiations are still ongoing, and the terms could change.
It's reported that the target valuation has risen compared to earlier discussions as investor interest has grown.
The news shows that competition among Chinese Big Tech in generative AI is expanding into capital markets as well.

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