Alibaba executive says reports that it plans to invest in DeepSeek are untrue: Report

February 7, 2025

, By Team SNFYI

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An ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/alibaba” target=”_blank”>Alibaba executive has denied reports that the Chinese ecommerce giant intends to invest in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/deepseek” target=”_blank”>DeepSeek, Chinese news outlet The Paper reported on Friday.

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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Alibaba executive says reports that it plans to invest in DeepSeek are untrue: Report

February 7, 2025

, Published By Team SNFYI

An ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/alibaba” target=”_blank”>Alibaba executive has denied reports that the Chinese ecommerce giant intends to invest in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/deepseek” target=”_blank”>DeepSeek, Chinese news outlet The Paper reported on Friday.

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.

Discover the…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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startups funding: ETtech deals digest: Startups raise $198 million this week, up 65% on-year

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Delhivery Q3 Profit Jumps 114% To INR 25 Cr

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