[Market News: Alibaba and DeepSeek fail to reach agreement on specific financing terms, Tencent may subscribe to up to 20% of shares] Odaily Planet Daily reports that a source close to DeepSeek revealed that Alibaba and DeepSeek were unable to agree on specific terms for financing. On one hand, Alibaba's own ecosystem has limited compatibility with DeepSeek, and DeepSeek is not lacking in external investment candidates, aiming to minimize restrictions at the terms level. Additionally, DeepSeek and potential shareholders are engaging in negotiations at the table. Bloomberg, citing informed sources, reported that Tencent proposed subscribing to up to 20% of DeepSeek's shares in this round of financing, but DeepSeek is unwilling to cede a large proportion of control. Furthermore, previous reports indicated that DeepSeek's valuation is as high as 300 billion, with plans to raise 50 billion, of which 20 billion will come from internal capital increases and 30 billion from external fundraising. This valuation has been confirmed by DeepSeek's internal employees. (White Whale Lab)