Economy
Chinese AI company DeepSeek on track to raise at least 12 billion dollars
DeepSeek is on track to raise at least 80 billion yuan (12 billion dollars) and is targeting a valuation of approximately 500 billion yuan (75 billion dollars). The round will exceed the company's own capital-raising targets, and Tencent and CATL (Contemporary Amperex Technology) have committed to investing the largest amounts in it. DeepSeek is preparing for an initial public offering in early 2027.
· Source: TheMarker. Photo illustration as published in article
Chinese AI company DeepSeek is targeting a valuation of approximately 75 billion dollars in a fundraising round of at least 12 billion dollars, which will exceed its own capital-raising targets, ahead of an initial public offering in early 2027.
Chinese AI company DeepSeek is on track to raise 80 billion yuan (at least 12 billion dollars), according to a Bloomberg report. The company is targeting a valuation of approximately 500 billion yuan (75 billion dollars).
According to the report, this fundraising round will exceed DeepSeek's own capital-raising targets. Tencent and CATL (Contemporary Amperex Technology) have committed to investing the largest amounts in the current round.
The fundraising comes ahead of an initial public offering. According to the report, DeepSeek is preparing for an IPO in early 2027.
Source: TheMarker
