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DeepSeek nears pre-listing funding round at 500 billion yuan valuation
The AI startup is seeking to raise about 50 billion yuan ahead of a potential Shanghai Star Market listing, with the round expected to close before the end of August.
DeepSeek is nearing completion of a new funding round that values the Chinese artificial intelligence startup at about 500 billion yuan, or US$74 billion, before investment, according to people familiar with the matter, cited by SCMP Economy.
The company is seeking to raise about 50 billion yuan in the round, which is expected to close before the end of August, the outlet reported.
Investors are set to include participants from its prior fundraising round, including local venture funds Monolith and Shixiang Capital, and CATL, Contemporary Amperex Technology Ltd, according to SCMP Economy.