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DeepSeek second funding round nears CNY 80 billion, targeting a valuation of approximately CNY 500 billion

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On 2026/10/6, Bloomberg reported, citing people familiar with the matter, that DeepSeek was close to securing at least CNY 80 billion, approximately USD 12 billion, in its latest funding round. This substantially exceeded the initial target of approximately CNY 50 billion, with the final total potentially approaching CNY 100 billion. The target valuation was approximately CNY 500 billion, about USD 74.6 billion. CATL and Tencent had made the largest funding commitments, and the process was nearing completion. This was DeepSeek's second external funding round, following CNY 51 billion raised in month 6 at a post-money valuation near CNY 400 billion. It was preparing for a STAR Market IPO in early 2027.

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  1. www.tmtpost.com ↗Published Oct 6, 2026
Original source text

Names may use phonetic renderings when no English name is supplied. The original wording is retained below.

2026年10月6日,据彭博社援引知情人士消息,DeepSeek接近在最新一轮融资中锁定至少800亿元人民币(约120亿美元),募资规模远超最初设定的约500亿元目标,本轮最终融资总额有望逼近1000亿元,目标估值约5000亿元人民币(约746亿美元)。宁德时代和腾讯是承诺出资金额最高的投资方,融资程序即将收官。此轮为DeepSeek第二轮外部融资,首轮于6月完成510亿元、投后估值近4000亿元。公司正筹备2027年初在科创板IPO。