Sources: DeepSeek is fundraising to keep its researchers, some of whom have left for rivals whose valuations have soared; it is targeting a $20B valuation Financial Times 2026-04-23 Zijing Wu DeepSeek Related Coverage Tencent, Alibaba in Talks to Invest in DeepSeek at $20 billion-Plus Valuation The Information · Jing Yang Beijing's auto bash and Coupang under scrutiny Nikkei Asia China's DeepSeek Holds First Funding Round Silicon UK · Matthew Broersma Tencent, Alibaba circle DeepSeek in US$20 billion AI deal talks DigiTimes Tencent, Alibaba to back DeepSeek at $20B+ valuation: report Tech Funding News · Sofia Chesnokova Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation, The Information reports Reuters · Jaspreet Singh Why China's cash-rich AI firm DeepSeek is still shopping for funding: sources South China Morning Post DeepSeek Seeks $20 Billion Valuation as Tech Giants Weigh Investment PYMNTS.com Tencent, Alibaba in Talks to Back DeepSeek at $20 Billion Valuation, Report Says Implicator.ai · Maria Garcia Tencent joins Alibaba in pursuit of DeepSeek stake at $20 billion-plus valuation Crypto Briefing · Vivian Nguyen Sources: Tencent and Alibaba are in talks to invest in DeepSeek at a $20B+ valuation, partly benchmarked against Moonshot's pending round at an $18B valuation The Information