DeepSeek Reportedly Targets RMB 50B First External Round, Valuation Up to RMB 400B
DeepSeek is reportedly in talks to raise around RMB 50 billion ($7 billion) in its first external funding round, implying a post-money valuation of RMB 350–400 billion. The prospective investor group includes Tencent and CATL, with additional discussions said to involve the National AI Industry Investment Fund, NetEase, and JD.com.