DeepSeek hits $1B annualized revenue, raising $7.5B ahead of Shanghai IPO
创业邦 · wechat · 2026-09-25
DeepSeek's annualized revenue run-rate has reached $1B, up from under $500M months ago, driven by last month's API price increase to 2.3–4.5x. Liang Wenfeng says the hike caused no customer churn.
Key facts:
- Raising a second round and preparing a Shanghai Stock Exchange IPO, targeted to complete by end of October: $7.5B (50B RMB) raise at a 50B RMB valuation
- Over 70% of compute goes to model training; inference uses less than 30%
- Internal tests show lightweight models run stably on gaming GPUs for most everyday tasks
Same-day: Tencent is shutting down QClaw (migrating to WorkBuddy); ByteDance's Doubao denied layoffs (a reorg of an <50-person team, 11 affected, 3 left); Alibaba's DAMO Academy released DAMO EAGLE, an esophageal cancer CT screening model validated on 80k+ cases in 3 countries; JD's Double 11 kicks off Oct 12 with AI seller tools; Anthropic's CEO says AI could cure most major diseases within a decade.
Related event: DeepSeek Hits $1B ARR, Targets $70B Valuation in New Funding Round(11 posts)→
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