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Based on reports from technology-focused media outlets, Tencent Holdings and Alibaba Group are presently engaged in talks to invest in the artificial intelligence (AI) startup DeepSeek. Notably, within a mere five-day span, the startup's targeted valuation has skyrocketed from a minimum of $10 billion to an impressive figure exceeding $20 billion. This rapid increase in valuation hints at a possible expansion in the scale of the forthcoming funding round. Sina Technology reached out to all three involved parties for confirmation, but as of the time this article went to press, none of them had issued any response. Since the market opened on April 23, Tencent's stock price has experienced a decline of over 1.5%, while Alibaba's stock price has seen a relatively minor drop of 0.3%.
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