DeepSeek Fundraising Frenzy Spawns Shadow Market with Rising Fees and Five-Year Lock-Ups

pstAsiatech · x · 2026-09-09

Per the Financial Times, DeepSeek's new funding round has triggered a rush of investment vehicles, spawning a shadow market with escalating fees and five-year lock-up periods.

The frenzy shows demand for DeepSeek exposure far exceeds supply, with intermediaries profiting from scarcity — a signal of overheated secondary-market sentiment.

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