DeepSeek Prepares Second Funding Round and IPO
智东西 · wechat · 2026-07-15
Foreign media reports that DeepSeek is preparing for a second funding round, aiming to raise about 50 billion RMB, and is considering filing for an IPO on the STAR Market this year.
The report also states that DeepSeek's recent annualized revenue has reached $400 million to $500 million, primarily from cloud API services. Based on a $500 million annualized revenue and a 500 billion RMB valuation, this corresponds to about 148x revenue. The company is reportedly designing a structure to accept USD investments from foreign investors, particularly seeking Middle Eastern capital, and plans to lower investment barriers through methods like QFLP and SPV. The article also mentioned that the gross margin of DeepSeek's latest flagship model API business remains over 50% due to continuous optimization of its computing infrastructure, processing more requests with fewer chips.
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