Huoxing Finance reports, according to Bloomberg, that DeepSeek raised approximately RMB 100 billion (about $15 billion) in its latest funding round, one of the largest financing deals in China. Sources familiar with the matter said the Hangzhou-based company raised its funding target at least twice during negotiations with investors, first increasing it from RMB 50 billion to RMB 80 billion, before ultimately reaching the aforementioned amount. CATL and Tencent are among the largest investors in this round. The proceeds will be used to support DeepSeek’s global competition with U.S. AI companies such as Anthropic and OpenAI.
DeepSeek Completes a 10 Billion RMB Financing Round Led by CATL and Tencent
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Summary
DeepSeek has secured 100 billion RMB (approximately $15 billion USD) in a major funding round, one of the largest in China. The Hangzhou-based company increased its target from 50 to 80 billion RMB before finalizing the deal. CATL and Tencent are the lead investors. The funding terms in this round reflect strong investor confidence. The capital will enable DeepSeek to compete globally with U.S. AI giants such as Anthropic and OpenAI. This move comes amid shifting market sentiment, with the Fear & Greed Index indicating growing optimism toward AI-driven technology investments.
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