DeepSeek Closes 105.5 Billion Yuan Round as State Investors Raise Stake
According to a November 4 report, DeepSeek raised 105.5 billion yuan (about 15.8 billion US dollars) in a second funding round, with Tencent and CATL as lead investors an…
According to a November 4 report, DeepSeek raised 105.5 billion yuan (about 15.8 billion US dollars) in a second funding round, with Tencent and CATL as lead investors and state-backed investors taking roughly 27%, up from about 2% in the first round. The round was enlarged mid-process on concerns over rising Nvidia chip prices and to guard against an AI bubble. The capital will support DeepSeek's model development and open-source roadmap as Chinese foundational models attract unprecedented domestic funding.
Source: The Information, Nov 4, 2026 | 2026-11-04
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