DeepSeek nears ¥80B+ funding round with Tencent and CATL, reportedly paving way for 2027 IPO
智东西 · wechat · 2026-10-06
According to Bloomberg, DeepSeek is finalizing a funding round of at least ¥80 billion RMB ($11B), with Tencent and CATL among the largest committed investors; the total could approach ¥100 billion, paving the way for a planned IPO in early 2027. The round was originally targeted at ¥50 billion but investor demand surged after its latest model release.
Key details:
- DeepSeek hired CITIC Securities in September to prepare a STAR Market IPO on the Shanghai exchange
- The Information reports its annualized revenue has reached $1B, more than double from a few months ago, with prior reports citing a ¥500B valuation target
- Moonshot AI reportedly closed its final private round at a $50B valuation and is pursuing a Hong Kong IPO in Q1 2027
- Current API flagships: DeepSeek-V4-Pro-0813 and lightweight V4.1-Flash; DeepSeekHarness 2.0 preview launched on desktop in late September
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