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DeepSeek Reportedly Secures TENCENT, CATL in First-Round Financing; Post-Money Valuation Up to RMB400B
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DeepSeek plans to raise approximately RMB50 billion in its first-round financing, Reuters reported, citing people with the knowledge of the matter. With investors including TENCENT (00700.HK) and CATL (03750.HK), the company's post-money valuation is estimated to range between RMB350 billion and RMB400 billion. DeepSeek founder Liang Wenfeng has reportedly committed RMB20 billion of his own funds. TENCENT is also considering investing RMB10 billion, while CATL is evaluating a potential investment of RMB5 billion. Meanwhile, China National AI Industry Investment Fund (also known as Guozhi Investment), NTES-S (09999.HK) and JD-SW (09618.HK) are also in talks to participate in the financing. The final investor lineup is expected to comprise no more than 10 parties. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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