The Paper cited a post that Yan Qiao, a vice president at Alibaba, made on her personal WeChat moments feed where she said “as a fellow Chinese and Hangzhou company, we applaud DeepSeek, but news circulating that Alibaba will invest in DeepSeek is ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/fake-news” target=”_blank”>fake news.”
Earlier on Friday, other Chinese media outlets said there were rumours that Alibaba planned to invest $1 billion into DeepSeek.

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