DeepSeek triggered a wild, baseless rally for some Chinese stocks

Chinese AI Agency DIPSEC has headlined worldwide Spark assistance A huge sales off on US Tech Stocks on Monday Nvidia dropping About 20%.

In China, the hype surrounding the DEPSEC has sent some government agencies to the relations related to further enhancement. Problem: There is no evidence that these companies have ever invested or cooperated to start the DEPS.

Rumor dipsec investors And the capital And Zeziang Orient Monday has been popped by 10%, while a research agency called Sublime China information Its AI models jumped 20% to cooperate with DIPSC. (These are legal maximum daily profits in Chinese exchanges))

However, China has refused to cooperate with the China information DIPSC RevealAnd the capital of Huazin Has been refused It has ever revealed deeply investing in a Chinese business newslet. The investment agency Jhiziang did not respond to any request to comment from Orient TechCrunch, but there is no public evidence that they are not even investing in any DEPS.

Rumors seem to have derived from unsupported Chinese List -Is that have gone viral-various public-business companies are bound to DEPSEC.

DIPSEC, a private company, never publicly announced any VC investment, while the Chinese corporate Record Don’t mention any of the VC companies in the capsic cap table. Instead of, it Founder Liang Wenfeng Listed as the beneficial owner of the three entities that form DIPSEC. DIPSEC is funded by Quant Farm High-Flair (which is the CEO of Wenfeng) and Wenfeng, there is no plan to raise funds Stated Chinese media outlet waves last year.

A 2023 at Interview The same, including the same outlet, said that he discussed the sources of various funds, but the VCS seemed “hesitant” about investment in a research-centric company, instead of commercialization.

DIPSEC did not respond to TechCrunch’s comment request.