The influx of 100 billion yuan includes backing from industrial heavyweights such as battery manufacturer CATL and tech giant Tencent. This latest round dwarfs the company's previous capital gains, which included a $7 billion raise in June that valued the firm at $50 billion. Founder Liang Wenfeng, a former co-founder of the hedge fund High-Flyer, remains the dominant stakeholder with an estimated 81.6% interest in the entity, according to WireScreen data.
In section Startups & Technology
DeepSeek Secures $15 Billion Amid U.S. Security Crackdown
Barely 48 hours after federal civilian agencies were ordered to purge DeepSeek technology from their systems, the Hangzhou-based laboratory has secured approximately $15 billion in new funding. This capital injection stands as one of the largest private investment rounds in Chinese history, signaling a defiant expansion despite intensifying international friction.
DeepSeek intends to channel these funds into aggressive infrastructure development and the refinement of its open-weight reasoning models. This strategy aims to solidify its presence in both domestic and international markets, directly challenging the hegemony of American AI firms. The move echoes broader trends in the Chinese tech sector, where rivals like Moonshot AI, Zhipu AI, and MiniMax have also commanded multi-billion dollar valuations. Despite the geopolitical pressure, the startup continues to push toward a projected IPO in China as early as next year.
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