"According to a report from Securities Times (a Chinese state-owned newspaper), Zhejiang Oriental, a listed company under the Zhejiang Provincial SASAC, participated in the angel round of financing of DeepSeek through its Hangzhou Oriental Jiafu Venture Capital Fund."[1]
"The Zhejiang Provincial State-owned Assets Supervision and Administration Commission (SASAC) is the provincial government agency in Zhejiang, China, responsible for managing, regulating, and overseeing the state-owned assets and enterprises owned by the provincial government." [2]
What does this imply?
A state-owned company in China invested a ton of money into DeepSeek. aka State subsidization.
"The Zhejiang Provincial State-owned Assets Supervision and Administration Commission (SASAC) is the provincial government agency in Zhejiang, China, responsible for managing, regulating, and overseeing the state-owned assets and enterprises owned by the provincial government." [2]
What does this imply? A state-owned company in China invested a ton of money into DeepSeek. aka State subsidization.
[1] https://www.americansecurityproject.org/wp-content/uploads/2... [2] https://www.fitchratings.com/research/corporate-finance/zhej...