DeepSeek said to raise RMB 100B at RMB 500B valuation, far above plan
teortaxesTex · x · 2026-10-13
Citing @tphuang, DeepSeek has just closed a RMB 100B ($15B) funding round at a RMB 500B valuation — far above the originally planned RMB 50B raise — signaling strong investor interest and serious compute demand. The reposter notes dilution looks somewhat steep but hopes the capital funds new GPU clusters amid scarcity, adding that unlike other Chinese labs DeepSeek also runs a hugely popular consumer app. Unconfirmed.
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