foreign media: DeepSeek's valuation before a new funding round is approximately $71 billion, with ARR reaching about $500 million last month

Odaily Planet Daily News According to sources familiar with the matter, DeepSeek is conducting a new funding round, with a pre-money valuation of approximately $71 billion. Due to limited direct investment quota, multiple layers of special purpose vehicles (SPVs) have emerged in the market to provide exposure to DeepSeek equity. Some lower-tier SPVs charge upfront fees exceeding 15%, with performance-based carry reaching as high as 40%. Additionally, DeepSeek's ARR reached approximately $500 million last month, and its AI infrastructure spending so far this year has reached $1.6 billion, nearly 10 times its full-year level in 2025. (Financial Times)