# DeepSeek raises about 100 billion yuan in funding round

Digest AI · Business & Funding · published 2026-10-22T03:00:46Z

Canonical: https://digestai.news/story/deepseek-raises-about-100-billion-yuan-in-funding-round

## Summary

DeepSeek, a Chinese artificial‑intelligence pioneer, has secured roughly 100 billion yuan, which Bloomberg reported via Techmeme as about $15 billion, in its latest fundraising round. The article says the amount makes the round one of the largest ever raised by an AI company in China.

The round attracted several major investors, with CATL and Tencent identified as two of the biggest contributors. No other investors or valuation details were disclosed. The funding is expected to support DeepSeek’s ongoing development of large‑language models and other AI products, positioning the firm to compete more aggressively both domestically and internationally.

## Key points

- DeepSeek raised roughly 100 billion yuan (about $15 billion) in its latest round.
- The round is among the largest fundraising events ever in China’s AI sector.
- CATL and Tencent are reported as two of the biggest contributors.

## Why it matters

A $15 billion infusion signals strong backing for Chinese AI development, potentially accelerating competition with U.S. labs and shaping the global AI landscape.

## Sources

1. [Sources: DeepSeek raised ~$15B in its latest fundraising round, one of China's largest ever, with CATL and Tencent among the biggest contributors](https://bloomberg.com/news/articles/2026-10-22/deepseek-raises-15-billion-in-challenge-to-leading-us-labs) (bloomberg.com, 2026-10-22)

Part of the developing story: [DeepSeek Secures Massive Funding For AI Expansion](https://digestai.news/thread/deepseek-raises-at-least-12b-with-catl-tencent-backing-v4-flash-model) (4 stories)

## Cite

Digest AI, "DeepSeek raises about 100 billion yuan in funding round", 22 October 2026, https://digestai.news/story/deepseek-raises-about-100-billion-yuan-in-funding-round

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