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

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. The round is close to closing but not yet shut, with a pre-money valuation of about 500bn yuan, and a listing could start as early as next year.

1. 22 Oct 202602:34 UTC

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

   DeepSeek raised about RMB 100bn ($15bn) in one of China's largest funding rounds, after raising its target twice from RMB 50bn to RMB 80bn and then that amount, with CATL and Tencent among the biggest investors. The Hangzhou company will use the funds to compete globally with US AI firms such as Anthropic and OpenAI.

   AIPANewsAINeutral

2. 23 Oct 202605:59 UTC

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

   DeepSeek's second funding round is close to closing but not yet shut, with the size raised from an initial 50bn yuan to nearly 100bn yuan and a pre-money valuation of about 500bn yuan, Tencent Technology reported. The company could start a listing as early as next year.

   AIChainCatcherAINeutral