Zijing Wu(@zijing_wu):DeepSeek’s fundraise might be the most bizarre in tech history: * No CFO, no roadshow, and 1 email to submit commitments * No voting rights, no board seats, and 5Y lockup * Cleaning up shady SPVs charging 15–40 fees ahead of IPO Absolute founder mode.

Zijing Wu

@zijing_wu

Technology and all things interesting @FT in HK. Returning to journalism (ex BBG) after a decade as investor/entrepreneur. Still an idealist. Opinions mine.

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Zijing Wu@zijing_wu

2026.09.09 02:18

DeepSeek’s fundraise might be the most bizarre in tech history: * No CFO, no roadshow, and 1 email to submit commitments * No voting rights, no board seats, and 5Y lockup * Cleaning up shady SPVs charging 15–40 fees ahead of IPO Absolute founder mode.