On the evening of July 24, before Cathay Pacific flight CX337 departed, financial professionals were detained

It has been confirmed that this involves Xu Jin, one of the founders of Huanfang Quant, a leading quantitative private investment firm in China

The alleged charges are related to national security, and the case is currently in the detention and review stage

DeepSeek has paused its second round of financing and has verbally informed some potential investors that they will be unable to sign the investment agreement as expected