BlockBeats News, May 9th. Recently, there have been reports that DeepSeek is initiating its first round of financing and has attracted investment discussions from companies including Tencent and Alibaba. However, the negotiations between Alibaba and DeepSeek recently fell through. Today, market sources revealed to a Yicai reporter that Alibaba should not have been in discussions. (Yicai)

BlockBeats reported today that, according to an exclusive article by "Whale Laboratory," the financing negotiations between Alibaba and DeepSeek have collapsed as the two parties failed to reach an agreement on specific terms. Several individuals close to the deal pointed out that the core conflict was Alibaba's desire for ecosystem integration while DeepSeek insisted on independence. Alibaba has been aggressively promoting AI ecosystem integration this year. In March, Alibaba established the Alibaba Token Hub, which includes five major business units such as the Tongyi Lab and Qianwen Division. In May, they also unveiled a unified AI digital persona and integrated the Qianwen assistant into core products like Taobao, Gaode, and Alipay. This demand for ecosystem synergy directly conflicted with DeepSeek's positioning as an independent model company.