Why Doesn't DeepSeek Just Get Bank Loans?

teortaxesTex · x · 2026-07-14

Following rumors of a recent $7 billion funding round for DeepSeek, the author questions why the founder doesn't simply seek bank financing.

The core question is: if Chinese banks reportedly offer below-market rates to support industries, why does "one funding round + operating profits" act as a capital ceiling? Is this driven by capital structure, funding channels, or other constraints?

Original post →

More from Venture

Venture channel →