Browsing: China

DeepSeek is closing a $7.4 billion round at a $74 billion valuation ahead of a possible 2027 Shanghai IPO, even as it undercuts AI pricing across the industry. Here is who is funding it, and why the math looks contradictory.

A father in Henan province is suing Tencent, NetEase, miHoYo and 37 Interactive for 10 yuan, roughly $1.50. His son logged 1,868 hours on an account registered with a borrowed ID. The damages are symbolic. What he actually wants is a public trial.