AdvertisementAdvertisementBusiness22 Apr 2026 07:33PM (Updated: 22 Apr 2026 07:44PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST April 22 : Chinese tech giants Tencent Holdings and Alibaba Group are in discussions to invest in artificial intelligence startup DeepSeek, The Information reported on Wednesday, citing four people with knowledge of the conversations.DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, is seeking to raise funding at a valuation of more than $20 billion, after its initial discussions with prospective investors generated immense interest, the report said, citing one of the people.Alibaba, Tencent and DeepSeek did not immediately respond to requests for comment. Reuters could not independently verify the report.The Information reported on Friday that DeepSeek started talks to raise outside capital for the first time, targeting to raise at least $300 million at a valuation of at least $10 billion.The potential fundraise underscores the intense capital requirements for developing and running top-of-the line AI models amid the rise of advanced reasoning and agentic bots.The talks are still underway and both the valuation and the amount of capital to be raised could still change, according to the report.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST