Business Brief (April 23): Tencent, Alibaba Reportedly in Talks to Invest in DeepSeek

Published: Apr. 23, 2026 6:23 p.m. GMT+8

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Tencent and Alibaba eye DeepSeek investment

Tencent and Alibaba are reportedly in discussions to invest in DeepSeek at a valuation of more than $20 billion, marking the artificial intelligence (AI) startup’s first external funding round since its inception.

Tesla to integrate Doubao AI model

Tesla will integrate the Doubao large language model into its in-car voice services in China.

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Tencent and Alibaba discuss investing in DeepSeek at >$20B valuation, its first external funding round.
Tesla to integrate Doubao LLM into in-car voice services in China.
15 Chinese govt departments issue guidelines for childcare subsidies, birth-support policies linked to housing/transport/consumption, marriage guidance, and young talent attraction.

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Tencent: Tencent and Alibaba are reportedly in discussions to invest in AI startup DeepSeek at a valuation exceeding $20 billion, its first external funding round.

Alibaba: Alibaba is reportedly in discussions with Tencent to invest in AI startup DeepSeek at a valuation exceeding $20 billion, its first external funding round.

DeepSeek: Tencent and Alibaba are in discussions to invest in DeepSeek, an AI startup, at a valuation over $20 billion—its first external funding round.