DeepSeek Closes a ¥100bn ($15bn) Round Led by CATL and Tencent at a ~$74bn Valuation as a Shanghai IPO Comes Into View

DeepSeek has closed one of the largest private funding rounds in Chinese history. Bloomberg, via The Business Times, reports the Hangzhou-based company raised about 100 billion yuan (US$15 billion), citing people familiar with the matter. Battery maker CATL and Tencent were among the biggest investors. When we covered this on 7 October, the headline was that DeepSeek was lining up ...

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