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China's DeepSeek hires dealmaker as CFO ahead of possible IPO
The Chinese AI startup plans to hire Yan Wentao, a partner at venture-capital firm GL Ventures, as its first chief financial officer. DeepSeek is preparing for a potential listing on Shanghai's technology-focused STAR Market. Yan's appointment is seen as a significant step in DeepSeek's transformation from a research-focused lab into a more conventional corporate structure. The company was valued at about 500 billion yuan ($74 billion) in an ongoing fundraising round in July, following a $7.4 billion raise in June at a post-money valuation of over $50 billion.
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