DeepSeek's $7.1 billion Series B financing round begins today with a $710 million minimum investment threshold.

According to Beating Monitoring, DeepSeek’s second round of financing has entered the contract signing phase. The first group of investors is expected to sign in Hangzhou as early as today. This round aims to raise 50 billion yuan, with a target valuation of 500 billion yuan. DeepSeek has set a minimum investment threshold of 5 billion yuan for most interested investors. This financing round was previously paused. In mid-July, DeepSeek began engaging with new investors, but progress was temporarily halted after internal communications leaked online. Financing resumed in early August. DeepSeek completed its first financing round only in June, raising over 50 billion yuan. Based on current disclosures, its valuation has increased by more than 40% in just over a month. The new funds will primarily be directed toward computing power, including building its own data centers, while also reserving capital for future model development and potential domestic listing. Several state-backed funds and industry chain companies have already secured allocations in this round, with the earliest closing date set for August 30. Some funds will go directly to DeepSeek’s main entity, while others will still flow through the limited partnership platform controlled by Liang Wenheng.