Sept 14 (Reuters) - DeepSeek plans to hire Yan Wentao, a partner at venture-capital firm GL Ventures, as its first chief financial officer, two people with knowledge of the matter said, as the Chinese AI startup prepares for a potential initial public offering.
Reuters reported last week that Hangzhou-based DeepSeek had hired Chinese brokerage CITIC Securities to prepare for a possible listing on Shanghai's technology-focused STAR Market.
A CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure processes required for a listing.
The appointment of Yan, who has dealmaking experience, to the role would be a significant step in DeepSeek's transformation from a research-focused lab bankrolled by its founder's hedge fund into a more conventional corporate structure.
The sources on his planned appointment could not be named because they were not authorised to speak publicly on the issue.
#reuters #capital #role #sept
Reuters reported last week that Hangzhou-based DeepSeek had hired Chinese brokerage CITIC Securities to prepare for a possible listing on Shanghai's technology-focused STAR Market.
A CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure processes required for a listing.
The appointment of Yan, who has dealmaking experience, to the role would be a significant step in DeepSeek's transformation from a research-focused lab bankrolled by its founder's hedge fund into a more conventional corporate structure.
The sources on his planned appointment could not be named because they were not authorised to speak publicly on the issue.
#reuters #capital #role #sept
15 hours ago
