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Market Chatter: Tencent, CATL Among Investors in DeepSeek's Debut Funding Round

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Sources said DeepSeek counts Tencent (HKG:0700) and Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, as investors in its debut external funding round, Reuters reported Wednesday.

The Chinese artificial intelligence startup is set to raise 50 billion yuan, which could value DeepSeek between 350 billion and 400 billion yuan, according to the report.

The fundraising breaks from founder Liang Wenfeng's previous strategy of relying solely on his quant hedge ​fund High-Flyer to back operations, Reuters wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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