China's DeepSeek hires dealmaker as CFO ahead of possible IPO

DeepSeek, a Chinese AI startup, is reportedly preparing for a potential initial public offering. The company plans to hire Yan Wentao, a partner at venture-capital firm GL Ventures, as its first chief financial officer, according to Yahoo Finance.

A CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure processes required for a listing, as noted by both Economic Times Tech and Yahoo Finance.

Yan, who has dealmaking experience, will help DeepSeek transform from a research-focused lab into a more conventional corporate structure ahead of a possible listing on Shanghai's technology-focused STAR Market, for which it has hired Chinese brokerage CITIC Securities, per Yahoo Finance.

Brief written by urgent.news from Economic Times Tech, Yahoo Finance — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.