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DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL

Chinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, according to people familiar with the matter – marking a six-fold leap from its US$10 billion valuation in April. The blockbuster round highlights intensifying global competition and a shifting strategy for the AI breakout star, which had previously resisted external capital. Market-oriented investors...

South China Morning Post 7d ago

Pentagon blacklist raises spectre of investment curbs for Chinese tech firms

Pentagon blacklist raises spectre of investment curbs for Chinese tech firms Chinese tech giants including Alibaba and Baidu strongly reject the Pentagon’s characterisation of them as “Chinese military companies” The Pentagon’s expanding blacklist of Chinese companies is increasing reputational risks for some of the country’s biggest technology firms and raising the prospect of future restrictions on access to US investment, according to legal experts. In a Federal Register notice scheduled...

South China Morning Post 1d ago