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DeepSeek has completed the most aggressive financing in history, causing Alibaba to withdraw
Valuation of 50 billion USD with domineering terms
1. Invest money but cannot obtain equity. Can only hold shares indirectly through Liang Wenfeng— the only exception is state-owned capital, with only 1 billion yuan in small shares that can be directly held.
2. All shareholders' shares cannot be sold for 5 years.
Tencent led the investment with 10 billion yuan and ecosystem support, CATL invested 5 billion yuan, JD.com, NetEase, and IDG Capital each invested 3 billion yuan.
Alibaba, which likes to give pointers, is no longer investing.