DeepSeek Completes RMB 100 Billion Financing: Funding Target Raised Twice, CATL and Tencent as Major Investors

Odaily reports: Chinese AI company DeepSeek has raised approximately RMB 100 billion (about USD 15 billion) in its latest funding round, one of the largest financings ever completed in China.

According to people familiar with the matter, during negotiations with investors, DeepSeek raised its funding target at least twice, from an initial RMB 50 billion to RMB 80 billion, before finalizing the aforementioned fundraising size. The sources said CATL and Tencent Holdings are the major investors in this round, and the relevant details have not yet been made public. (Bloomberg)