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DeepSeek weighs doubling funding round to up to 100 billion yuan, with Tencent among largest backers
DeepSeek is considering expanding its latest funding round to as much as 100 billion yuan ($14.9 billion), double its earlier target, people familiar with the matter told CNBC. Bloomberg reported that DeepSeek is close to securing at least 80 billion yuan with Tencent and CATL among the largest backers, and is eyeing an IPO in early 2027.
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Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Key Points DeepSeek is considering expanding its latest funding round to as much as 100 billion yuan, twice its earlier target, sources told CNBC. State-backed funds and corporate investors have shown heavy interest, while DeepSeek is restricting participation by individual investors, people familiar with the talks said. The fundraising comes as DeepSeek faces rising AI capital needs and prepares for a possible Shanghai listing next year. The DeepSeek Chinese AI company logo is…