Bloomberg reports DeepSeek raised about 100B yuan ($15B), China's largest AI raise, after twice lifting its target from 50B to 80B to 100B. CATL ($300750.SZ) and Tencent ($TCEHY) are among the biggest

What happened: Bloomberg reported that DeepSeek raised about 100 billion yuan in its latest funding round, with CATL and Tencent among the largest investors. DeepSeek reportedly raised its target at least twice, from 500 billion yuan to 800 billion yuan and finally to 100 billion yuan. Key numbers: About 100 billion yuan (about $15 billion). Why it matters: The round is described as the largest in China's AI industry and is intended to fund infrastructure, open-source models, and preparation for an IPO, narrowing the funding gap with US labs such as OpenAI and Anthropic.

DeepSeek reportedly secured China's largest AI financing at 100 billion.

DeepSeek reportedly secured China's largest AI financing at 100 billion. — impact context not separately stored; see What changed.