DeepSeek Reportedly Seeks RMB 50 Billion in First Funding Round with Tencent and CATL
DeepSeek plans to raise about RMB 50 billion in its first funding round, with post-money valuation expected at RMB 350 billion to RMB 400 billion; Liang Wenfeng, Tencent, and CATL plan to invest RMB 20 billion, RMB 10 billion, and RMB 5 billion respectively.
Why it matters: HKR-H/K/R all pass: DeepSeek's rumored RMB 50B first round includes a RMB 350B-400B valuation and named checks from Tencent and CATL. The rumor status keeps it at 88, below confirmed industry-shaking funding news.