As reported by multiple sources, the company aims to raise about 50 billion yuan (around $7.4 billion), which could value DeepSeek between 350 billion yuan and 400 billion yuan ($52–59 billion). This round is anticipated to feature investments from Tencent, a Chinese technology giant, battery manufacturer CATL, and state-backed investment funds. Founder Liang Wenfeng is also expected to invest a considerable portion of the funds himself.
This fundraising represents a notable shift for DeepSeek, which has primarily relied on funding from Liang’s hedge fund and generally avoided outside investments.
DeepSeek has gained attention as one of the most prominent AI companies worldwide, especially following the success of its V3 and R1 models, which demonstrated strong performance at a relatively low cost, challenging existing beliefs about China’s position in the AI sector. The company has been ramping up its initiatives in next-gen AI systems and autonomous AI agents.
The proposed funding comes during a fiercely competitive global landscape among AI companies striving to secure resources for computing infrastructure, talent, and model development. In recent months, significant AI firms such as OpenAI and Anthropic have also raised or sought tens of billions of dollars for their expansion initiatives.
If finalized, this deal would rank among the largest private AI financings globally and may further enhance DeepSeek’s status as China’s leading AI contender, especially as US export restrictions continue to limit Chinese access to advanced AI chips.
