Alibaba and Tencent Compete to Invest in DeepSeek, Driving Its Valuation to $20 Billion. DeepSeek v4 and Huan Yuan 3.0 to Be Released Soon
Tencent and Alibaba are competing to invest in the new round of financing for domestic large model company DeepSeek, pushing its valuation target from $10 billion to over $20 billion. Previously, DeepSeek sought to raise $300 million at a $1 billion valuation, and the market's premium expectations for leading independent model vendors have significantly increased. The company is expected to release its new generation model, DeepSeek v4, this month.