DeepSeek reportedly raises nearly $15 billion in major China AI round
DeepSeek, a Hangzhou-based AI startup, reportedly secured about 100 billion yuan in a funding round, one of China’s largest. The company initially aimed for 50 billion yuan but later raised its target to 80 billion yuan before finalizing the deal. Investors included CATL, a battery manufacturer, and Tencent, which owns WeChat. The funding reflects DeepSeek’s push to compete globally with top AI…
Key points
- DeepSeek raised about 100 billion yuan in a funding round, per sources
- CATL and Tencent led investments in the Hangzhou-based AI startup
- Funding may support a potential IPO filing this year, reports say
The story so far
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DeepSeek reportedly raises nearly $15 billion in major China AI round
ijr.com · 21 October 2026Loading the full article…
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