Việc tài trợ DeepSeek bao gồm các khoản phí đầu vào và đầu ra cao

The Huoxing Finance report, citing Caixin, states that in relation to DeepSeek’s investment shares, some intermediary channels in the market have set fee conditions of “18% front-end, 35% back-end,” meaning investors contributing 100 million yuan must first pay an 18 million yuan front-end fee and, upon future gains, must further surrender 35%. The report notes that even if investors accept these high fees, they cannot guarantee final allocation of shares. DeepSeek will conduct thorough identity verification on all investors and their underlying limited partners involved in the financing; investments are subject to a five-year lock-up period during which transfers are prohibited. Aside from the National Artificial Intelligence Industry Investment Fund, most external investors do not hold voting rights or board seats and are entitled only to financial returns proportional to their capital contribution. Meanwhile, the market has been plagued by fraudulent shares and intermediary misconduct surrounding DeepSeek’s financing: some institutions claim to hold large investment allocations but ultimately fail to be included on the investor list, while some investors have paid 5 million yuan as a “meeting fee” in an attempt to contact Liang Wenheng, without success.