DeepSeek's R2 round reportedly drew state funds: Tencent and CATL top investor list
teortaxesTex · x · 2026-10-30
Citing The Information reporting (via Jing Yang), DeepSeek has closed a second funding round with a RMB 1B check from China's National AI Fund, alongside state-backed investors including China Mobile, China Telecom, CICC, Citic Securities and China Life.
Top investors after both rounds (RMB 1B ≈ $150M):
- Tencent: 10B yuan in each round, the largest backer
- CATL and its chairman: 5B yuan in round one, 10B in round two
- Monolith Management: 3B yuan, then 7.5B yuan
- China Mobile: newly in with 8B yuan
- Citic Securities: newly in with 8B yuan
The poster quips about appliance maker Midea also appearing among investors. Unverified media reporting — DeepSeek has not officially confirmed.
Related event: DeepSeek's Second Funding Round Draws China Tech Giants and State Capital(3 posts)→
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