DeepSeek has reportedly raised about 100 billion yuan ($14.98 billion), double its original target, from more than 15 investors. The company was valued at 500 billion yuan before the new capital and is moving closer to a domestic IPO.
Chinese AI startup DeepSeek has raised about 100 billion yuan ($14.98 billion) from investors including GigaDevice, Meituan and Geely, according to people familiar with the matter. Existing shareholders CATL and Tencent were among the biggest investors; Midea, NetEase, Boyu Capital, CPE, Legend Capital and IDG Capital also participated. One person said the investor count exceeded 15.
The fundraising, expected to be completed in the coming days, doubles DeepSeek’s original 50 billion yuan target. The company is valued at 500 billion yuan before the new capital is injected. In September, the company aimed to begin its IPO process this year and hired CITIC Securities to prepare for a potential STAR Market listing.
