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DeepSeek backer Lisi's Xing Shen fund grows to RMB 7.52bn

NewsFeeds update

Lisi Capital, a venture investor in DeepSeek's previous funding round, has again secured a stake in DeepSeek's new round through its Tianjin Lisi Xing Shen fund, whose size rose from RMB 2.64bn to RMB 7.52bn, with capital paid in. Zhihu said on 6 Sept it would commit RMB 1.5bn and By-health RMB 50m.

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The story so far: DeepSeek second funding round

DeepSeek raised about RMB 100bn ($15bn) in one of China's largest funding rounds, with CATL and Tencent among the biggest investors, after raising its target twice. Lisi Capital's Tianjin Lisi Xing Shen fund, which invested in the prior round, grew from RMB 2.64bn to RMB 7.52bn after securing a stake in the new round.

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  1. DeepSeek raises about RMB 100bn with CATL and Tencent among backers

  2. DeepSeek said to near close of second funding round of about 100bn yuan

  3. DeepSeek's second round totals 105.5bn yuan at about 615.5bn yuan valuation

  4. DeepSeek backer Lisi's Xing Shen fund grows to RMB 7.52bn

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