‘China eats the world’ as DeepSeek shows its strength in high-value sectors: Deutsche Bank

Quick Summary:

DeepSeek’s emergence is a Sputnik moment’ not just for AI, but for China, which is outcompeting the rest of the world’, bank says.

Shares of DeepSeek, founded in the Zhejiang provincial capital of Hangzhou by Liang Wenfeng in 2023, are not publicly traded.

The broader Hang Seng Index also rose about 6 per cent.

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Article Details

Author / Journalist: Cao Li

Category: Technology

Markets: Hong KongChina

Topics: Market Deepseek Launch Country Deutsche “we Technology World Companies World’s Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 10:11:19 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 300 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25952327

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