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Market Chatter: Alibaba, Tencent Explore Investment in DeepSeek

-- Alibaba (HKG:9988) and Tencent (HKG:0700) are in early-stage talks to back artificial intelligence firm DeepSeek, Reuters reported Wednesday, citing The Information.

The startup, supported by High-Flyer Capital Management, is looking to raise fresh capital at a valuation above $20 billion, the report said.

(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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