What DeepSeek’s US$7 billion fundraise means for Hong Kong

South China Morning Post South China Morning Post

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DeepSeek is about to close its first external funding round, securing 50 billion yuan (US$7.4 billion) at a valuation approaching US$60 billion from investors including Tencent and Contemporary Amperex Technology Limited (CATL).
But the most revealing number is the 20 billion...

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