Report: DeepSeek nears large funding round and preps IPO
What happened
On October 6, Bloomberg reported that DeepSeek's new funding round is close to being finalized, raising at least RMB 80 billion, with Tencent and CATL among the largest investors. People familiar said the round originally targeted about RMB 50 billion, and signed term sheets show the final amount could approach RMB 100 billion. The deal is still in final negotiations, details may change, and the funding is not yet complete. After it closes, DeepSeek will start a business restructuring to prepare for an IPO planned for early 2027.
Written by AI from the coverage · updated 2 hours ago
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- AI HOT · IndustryPickDeepSeek said to near at least RMB 80B raise, with Tencent and CATL among backers
Bloomberg reports DeepSeek's new round is close to being finalized at no less than RMB 80 billion, with Tencent and CATL among the largest investors. People familiar said the original target was about RMB 50 billion, and signed term sheets point to a final figure near RMB 100 billion, though terms could still change in last talks. After the round closes, the company will restructure its business ahead of an IPO planned for early 2027.
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