Business
China’s chip ‘Big Fund’ said to be in pole position to lead DeepSeek’s first outside raise near a $45 billion tag
Financial Times–sourced reporting summarized in trade press puts the China Integrated Circuit Industry Investment Fund in talks to anchor a maiden external round for the Hangzhou lab, with Tencent and Alibaba still circling co-investor slots while Reuters-style wires floated a higher $50 billion ceiling.
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