China's Whale reportedly raises another $15B, totaling $22.45B in four months
teortaxesTex · x · 2026-10-22
Andrew Curran reports that Whale has raised another $15 billion. teortaxesTex calculates: 150 billion RMB raised over four months ($22.45B, or $19.46B counting only non-Wenfeng capital), plus highly profitable API business — likely the most cash-rich AI startup in China. The author argues that once it acquires physical assets it could even start loaning, concluding "Whale will win." Note: unconfirmed reports.
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