# Tencent, Alibaba in talks to invest in DeepSeek at over $20B valuation

- slug: tencent-alibaba-in-talks-to-invest-in-deepseek-at-over-20b-valuation
- date: 2026-04-23
- category: Artificial Intelligence

Tencent and Alibaba are racing to back DeepSeek at a $20B+ valuation. What the bidding war says about China’s AI strategy — and whether US chip restrictions can still slow it down.

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