Staff reporter and Bloomberg

Chinese artificial intelligence startup DeepSeek has established two private firms in Hong Kong after its AI assistant became one of the top three free applications on Apple's App Store in the United States.

The two companies - DeepSeek Limited and DeepSeek (HK) Limited - were registered in Hong Kong on February 5, Cailianpress reported.

Terence Chong Tai-leung, executive director of the Lau Chor Tak Institute of Global Economics and Finance at Chinese University, said DeepSeek's expansion into Hong Kong will promote the city's fintech development.