Alibaba Denies DeepSeek Investment Rumors

An Alibaba executive has denied rumors that the company is planning to invest in DeepSeek. Yan Qiao, a vice president at Alibaba, clarified on her WeChat that the circulating news of Alibaba's $1 billion investment in DeepSeek is fake, despite applauding their fellow Hangzhou-based company.

An Alibaba executive has firmly denied rumors that the prominent Chinese e-commerce company plans to invest in DeepSeek. Reports had suggested a substantial $1 billion investment by Alibaba into the entity.

The denial came after Yan Qiao, a vice president at Alibaba, addressed the matter directly on her personal WeChat moments. She refuted the claims, emphasizing they were false.

While acknowledging DeepSeek as a fellow Chinese and Hangzhou-based company, Qiao dismissed the circulating news as fake, despite extending praise to DeepSeek's achievements.