Alibaba Group News - April 17, 2026

DeepSeek seeks $300M at $10B valuation, building war chest for AI

Chinese AI startup DeepSeek is negotiating its first external funding round. The company aims to raise at least $300 million. This round targets a valuation...

Alibaba, Meituan, PDD Fined $527M, Citing Unsanitary Ghost Shops

China’s State Administration for Market Regulation (SAMR) fined seven e-commerce platforms for food safety violations. The total corporate penalty reached 3.6...