80 billion! DeepSeek's new funding revealed, IPO imminent

What happened: Bloomberg reported DeepSeek is close to finalizing a new funding round of at least 80 billion yuan, with Tencent and CATL among the largest committed investors, ahead of a planned IPO. Key numbers: At least 80 billion yuan raised, total may approach 100 billion yuan; initial target was about 50 billion yuan; IPO planned for early 2027; Why it matters: The round exceeds earlier expectations after strong demand following its latest model release. Moonshot AI has completed its final private round at a valuation of about 50 billion USD and is pursuing a Hong Kong IPO in Q1 2027.

Bloomberg reported DeepSeek is close to finalizing a new funding round of at least 80 billion yuan, with Tencent and CATL among the largest committed investors, ahead of a planned IPO.

The round exceeds earlier expectations after strong demand following its latest model release. Moonshot AI has completed its final private round at a valuation of about 50 billion USD and is pursuing a Hong Kong IPO in Q1 2027.