Chinese language AI corporate DeepSeek made world headlines for serving to spark an enormous sell-off in U.S. tech shares on Monday, with Nvidia shedding nearly 20%.
In China, the hype round DeepSeek has despatched stocks of a few public corporations with intended ties to it hovering. The issue: There’s no proof those corporations ever invested in or cooperated with DeepSeek first of all.
Rumored DeepSeek buyers Huajin Capital and Zhejiang Orient popped via 10% on Monday, whilst a study corporate known as Chic China Data jumped 20% for supposedly cooperating with DeepSeek on its AI fashions. (The ones are the prison most day by day features in Chinese language exchanges.)
On the other hand, Chic China Data denied cooperating with DeepSeek in a disclosure, and Huajin Capital denied to a Chinese language trade information outlet that it ever disclosed a DeepSeek funding. Funding corporate Zhejiang Orient hasn’t replied to a request for remark from techmim, however there’s no public proof that they’re an investor in DeepSeek, both.
The rumors seem to have originated from unsubstantiated Chinese language lists — that have long past viral — of more than a few publicly-traded corporations supposedly tied to DeepSeek.
DeepSeek, a personal corporate, hasn’t ever publicly introduced any VC investments, whilst Chinese language company data make no point out of VC corporations on DeepSeek’s cap desk. As an alternative, its founder Liang Wenfeng is indexed because the really useful proprietor of all 3 entities that shape DeepSeek. DeepSeek is funded via the quant company Prime-Flyer (which Wenfeng is CEO of) and has no plans to fundraise, Wenfeng advised Chinese language media outlet Waves final yr.
In a 2023 interview with the similar outlet, Wenfeng stated he had discussions with other investment resources, however VCs “appeared hesitant” about making an investment in a research-focused corporate, prioritizing commercialization as a substitute.
DeepSeek didn’t reply to techmim’s remark request.
China inventory marketplace,deepseek,Investment,inventory marketplace,VC
Supply hyperlink
