DeepSeek reported near close of at least RMB 80B round, with Tencent and CATL participating

DeepSeek 据报道接近完成至少 800 亿元融资，腾讯与宁德时代参与

Bloomberg, citing people familiar with the matter, reports DeepSeek is close to finishing a round of at least RMB 80 billion (about USD 12 billion), above its original target of roughly RMB 50 billion. Tencent and CATL are among the largest investors. The round is expected to close soon, and DeepSeek plans an IPO in early 2027. Details may still change.

Why it matters: The reported round is at least RMB 30 billion above DeepSeek's original target, with Tencent and CATL among the largest backers.