Report: DeepSeek Completes Approximately RMB 100 Billion Financing Round, With CATL and Tencent Participating
Sina, citing media reports, says DeepSeek has completed approximately RMB 100 billion (about USD 15 billion) in financing, with the target raised during negotiations from RMB 50 billion to RMB 80 billion and then to approximately RMB 100 billion. CATL plans to invest an additional approximately RMB 10 billion, and Tencent is also one of the largest investors in this round; the new investors are mainly industrial institutions such as Shixi Capital, SMIC Capital, Legend Capital, and Geely. DeepSeek is also advancing a STAR Market IPO, planning to file as early as the end of this year with a target listing in 2027, and Yan Wentao took office as CFO in late September.
#Industry news#DeepSeek