18 July 2026

Sources: China's National AI Industry Investment Fund gained voting rights in DeepSeek by joining its $7.4B round; other investors like Tencent and JD got none (Bloomberg)

Bloomberg:
Sources: China's National AI Industry Investment Fund gained voting rights in DeepSeek by joining its $7.4B round; other investors like Tencent and JD got none  —  On a video conference call from Hangzhou earlier this year, one of China's hottest startups held a four-hour pitch meeting …

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