DeepSeek, a developer of large AI models, is set to complete a new financing round of about 100 billion yuan, sources familiar with the deal said. The planned raise doubled from an earlier 50 billion yuan within roughly two weeks; this is DeepSeek’s second funding round. Existing and new investors are each expected to provide roughly half of the capital. Pre-money valuation remains around 500 billion yuan. New entrants are mainly strategic industry investors, including Shixi Capital, Zhongxin Ju

北约最高指挥官格林凯维奇：乌克兰人度过这个冬天后，将展现出更坚定的决心和更强的战斗意志。

After a low open, China's major indices recovered intraday but ended lower at midday. Shanghai Composite fell 0.27%; Shenzhen Composite Index down 0.78%; ChiNext Index down 0.95%. Electronic components led gains, with Xiehe Electronics, Junya Technology and Aohong Electronics hitting daily limits. Snow-economy names rallied—Jingxue Energy hit the limit, Snowman Group, Dalian Shengya and Bingshan Refrigeration also reached limit-up. Retail strengthened; Zhongxing Commercial and Dongbai Group hit limits. Other notable advancers included helium, travel & hotels, building materials, non-bank financials, CPO and coal sectors. Lagging sectors included solid-state batteries, power equipment, PV equipment, innovative drugs and brain‑computer interface plays. Combined turnover on the Shanghai and Shenzhen markets was about 1.01 tln yuan at midday, down roughly 5.2 bln yuan versus the same period yesterday; roughly 1,800 stocks rose and 3,200 fell.