Bloomberg: DeepSeek Completes Second Round of 100 Billion Yuan Financing, with Tencent and CATL Contributing the Most

Beating AI News Flash: Bloomberg's latest report states that DeepSeek has completed a second round of funding worth RMB 100 billion, with Tencent and CATL among the largest investors. The round was initially planned to raise RMB 50 billion, with the target raised twice thereafter. Despite the doubled funding size, the pre-money valuation remains at approximately RMB 500 billion.

At the end of June this year, DeepSeek had just completed a first round of funding worth approximately RMB 51 billion, with founder Liang Wenfeng personally contributing about RMB 20 billion. Based on the scale reported for this round, the two rounds combined total approximately RMB 150 billion. In this round, proposed contributions from new and existing shareholders are roughly equal. CATL added approximately RMB 10 billion, and Tencent also continued to contribute approximately RMB 10 billion. New investors include Shixi Capital, SMIC Juyuan, CPE Yuanfeng, Legend Capital, and Geely, among others.

Perfect World announced on October 22 that two funds managed by managers affiliated with Lisi Capital and Shixiang Capital have completed fundraising, with sizes of RMB 7.52 billion and RMB 3.65 billion, respectively. Perfect World has committed a total of RMB 150 million, and Century Huatong previously disclosed its participation as well. Both funds are participating in this round of DeepSeek's funding, but the specific investment amounts have not yet been disclosed.

DeepSeek is simultaneously preparing for an IPO on the STAR Market, planning to submit its listing application as early as the end of this year and aiming to list in 2027.