DeepSeek's Second Round of Financing: First Batch of Signings Today, with a 5 Billion RMB Minimum Investment Threshold

Odaily News: DeepSeek's main entity, DeepSeek, is currently conducting a second round of financing totaling 50 billion RMB, with the first batch of signings expected to take place in Hangzhou as early as August 10. The target valuation for this round is 500 billion RMB. DeepSeek has already agreed on delivery timelines with some prospective investors, with the earliest deadline set for August 30.

This round of financing has a minimum investment threshold of 5 billion RMB. The funds will primarily be allocated to computing power investments, model research, workforce expansion, and potential preparation for a domestic listing. The capital will flow through two channels: some will go directly into DeepSeek's main entity, while the rest will go into a limited partnership controlled by founder Liang Wenfeng.

Earlier, DeepSeek briefly paused financing discussions at the end of July before resuming them in early August. (IPO Early Know)