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deepseek

DeepSeek's financing negotiations with Alibaba have broken down, with ecological binding and control rights differences becoming the focal point

DeepSeek's financing negotiations with Alibaba have broken down. DeepSeek launched a massive financing round, attracting major companies like Tencent and Alibaba to participate, but the two sides ultimately failed to reach an agreement. The core conflict lies in Alibaba's desire to strengthen its AI ecosystem through investment, while DeepSeek, as an independent model company, insists on minimizing binding terms and maintaining technological independence, unwilling to accept excessive ecosystem ties.DeepSeek founder Liang Wenfeng has long rejected external equity financing. Although this time he has opened the door for the first time, his bottom line remains unchanged, with the most emphasis on offers with "the least additional conditions." DeepSeek's current financing round is valued at approximately 300 billion RMB (about 45 billion USD), with the fundraising focus on supplementing computing power and R&D funds, while also providing a market valuation anchor for employees to retain talent. Tencent had proposed to subscribe for up to 20% of the shares, but this was politely declined by DeepSeek as they did not want to relinquish a large proportion of control. Ultimately, the China National Investment Fund and others may lead the investment, with relatively loose terms that align more closely with DeepSeek's technological idealism.

Hurun Report: The commonly used information platforms for high-net-worth individuals are Xiaohongshu and Douyin, and the commonly used AIs are DeepSeek and Doubao

The Hurun Research Institute today released the "2026 Hurun Quality Life Report for High Net Worth Individuals in China," which states: "The commonly used information platforms are Xiaohongshu and Douyin, the commonly used AIs are DeepSeek and Doubao, and the most followed financial bloggers are Wu Xiaobo Channel, Xiao Lin Says, and Ren Zeping."61% of the surveyed high net worth individuals frequently use Xiaohongshu for information, which is 13 percentage points higher than Douyin. 32% of high net worth individuals frequently watch WeChat Video Accounts, and 24% frequently watch Bilibili. The enthusiasm for Eastmoney and Zhihu exceeds 20%, while Tonghuashun and Wind Info receive 14% enthusiasm.By age group, over 70% of U25 individuals use Xiaohongshu and Douyin as their most common information platforms, while U40 and those over 45 prefer to use Video Accounts. The audience for professional investment software like Eastmoney, Wind Info, and Tonghuashun is mainly U35 and U40.The top three financial bloggers that high net worth individuals most frequently follow are Wu Xiaobo Channel (38%), Xiao Lin Says (23%), and Ren Zeping (17%).The most commonly used AI assistants among the surveyed high net worth individuals are DeepSeek and Doubao. By age group, U25 most frequently uses ChatGPT, while U30, U35, U40, and U45 predominantly use DeepSeek, and respondents over 45 most frequently use Doubao.

DeepSeek founder's Huanfang Quantitative achieved a return of 56.55% last year, with assets under management exceeding 70 billion yuan

According to the latest data from Private Equity排排网 cited by the 21st Century Business Herald, the average return of 56.55% for 2025 from Huansheng Quantitative, founded by Liang Wenfeng of DeepSeek, ranks second in the performance list of quantitative private equity in China with a management scale exceeding 10 billion, only behind Lingjun Investment, which tops the list with an average return of 73.51%. Currently, Huansheng Quantitative's management scale has exceeded 70 billion yuan. According to data from Private Equity排排网, Huansheng Quantitative's average return over the past three years is 85.15%, and the average return over the past five years is 114.35%.Some analysts believe that the substantial performance of Huansheng Quantitative provides ample R&D funding for DeepSeek, led by Liang Wenfeng. Huansheng Quantitative is one of the most well-known quantitative private equity giants in China, founded by Liang Wenfeng in 2008 while studying Information and Communication Engineering at Zhejiang University. It is a hedge fund with genes in mathematics, computation, research, and AI. In 2019, Huansheng Quantitative's management scale surpassed 10 billion yuan, and in 2021, it once broke through 100 billion yuan.Recently, it has been reported that DeepSeek will release its next-generation flagship AI model, DeepSeek V4, in February. This model possesses powerful programming capabilities and is expected to have a significant impact on the current AI competitive landscape.
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