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AI CURATED HOT STORY · 10/30/2026

DeepSeek Raises $14.5B in Second Round, Valuation Hits $85B

1 reports archived1 independent sourcesupdated 10/30/2026, 14:59:59
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According to The Information, DeepSeek has completed a second funding round raising approximately 105.5 billion RMB, pushing its valuation past 615.5 billion RMB. The round attracted nearly 30 investors including Tencent, CATL, and SMIC, with state-backed entities accounting for 27% of the capital. The company has also engaged CITIC Securities to prepare for a potential STAR Market IPO.

LATEST/According to The Information, DeepSeek has completed a second funding round raising approximately 105.5 billion RMB, pushing its valuation past 615.5 billion RMB. The round attracted nearly 30 investors including Tencent, CATL, and SMIC, with state-backed entities accounting for 27% of the capital. The company has also engaged CITIC Securities to prepare for a potential STAR Market IPO.

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  1. IT之家 · IT业界T2·85 pts

    DeepSeek Raises $14.5B in Second Round, Valuation Hits $85B

    • DeepSeek raised ~105.5 billion RMB in its second round, with a valuation exceeding 615.5 billion RMB.
    • Investors include tech giants like Tencent, industrial leaders like CATL and SMIC, plus major telecom operators and financial institutions.
    • State-backed investors contributed ~27% of the capital, a significant jump from 2% in the first round, indicating stronger policy support.
    • The company has hired CITIC Securities to prepare for a potential IPO on the Shanghai Stock Exchange's STAR Market.