Alibaba denies rumors of investment in AI startup DeepSeek

Yan Qiao, vice president of Alibaba Group, said in his WeChat Moments on February 7 that although both companies are based in Hangzhou, the news that Alibaba invested in AI startup DeepSeek is not true. Previously, there were rumors that Alibaba planned to invest $1 billion at a valuation of $10 billion to acquire 10% of DeepSeek's shares. Currently, the teams of both parties are discussing the specific implementation details.