China’s Big Fund is now leading the DeepSeek round, and the price has more than doubled in two weeks
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May 6, 2026, 3:33 am74 ptsTrending
The Next Web
What started in mid-April as a $300m raise at a $10bn valuation, with Alibaba and Tencent talking, is now an FT-reported deal at $45bn led by the China Integrated Circuit Industry Investment Fund. The strategic logic has changed substantially. There is, in venture-capital pricing, a particular kind of ascent…
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