Inside China's buzzing AI scene year after DeepSeek shock
Published on: Jan. 20, 2026, 9:04 a.m. | Source: The Economic Times
Before DeepSeek shook up the tech world and put Chinese artificial intelligence on the map, Wu Chenglin's own startup had nearly folded three times -- but in the past year it has raised $30 million. But as excitement around DeepSeek fuelled a boom in spending, Wu raised 220 million yuan in two funding rounds.
