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Tencent and Alibaba in Talks to Invest in DeepSeek AI Startup | 2026 Funding Round - News and Statistics
Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are reportedly in discussions to invest in Chinese AI startup DeepSeek’s first funding round. Tencent has proposed acquiring up to a 20% stake, while DeepSeek, valued similarly to rivals like MiniMax Group Inc. (around $40 billion), is hesitant to give up that much control. Both tech giants are already investors in MiniMax and are vying for dominance in China’s AI sector, keen to provide cloud computing services to burgeoning AI startups.