DeepSeek raises 105.5 billion yuan in latest funding round
Chinese AI developer DeepSeek has secured 105.5 billion yuan in new funding, bringing the company's valuation to 615.5 billion yuan.
Artificial intelligence firm DeepSeek has successfully closed a funding round totaling 105.5 billion yuan. This latest injection of capital brings the company's total valuation to 615.5 billion yuan, underscoring significant investor interest in China's growing AI sector.
The investment round drew nearly 30 participants, including major corporations such as Tencent, vivo, CATL, and semiconductor manufacturer SMIC. The funding reflects a diverse range of industrial backers, with state-backed investors contributing approximately 27% of the total amount, a notable increase from the 2% stake they held during the company's initial funding phase.
DeepSeek is reportedly preparing for a potential initial public offering on the Shanghai Stock Exchange's STAR Market. While the company has reportedly engaged CITIC Securities to advise on the process, no official timeline or final offering size has been disclosed.