# DeepSeek advances second funding round, seeks USD 7.5 billion, exceeds USD 1 billion annualized revenue

On 2026/9/24, 36Kr reported that China’s DeepSeek was advancing its second funding round, seeking CNY 50 billion, approximately USD 7.5 billion, at a target valuation of CNY 500 billion, with completion planned before the end of month 10. CEO Liang Wenfeng disclosed annualized revenue exceeding USD 1 billion at an investor meeting.



Canonical: https://uniquebase.ai/news/c787f80c-ea11-4862-99f2-f3090aebedee
Stable identifier: c787f80c-ea11-4862-99f2-f3090aebedee
Snapshot captured: 2026-10-15T14:23:27.067Z
English updated: 2026-10-16T00:03:31.132Z

## Connected profiles

- [DeepSeek](/companies/shenduqiusuo)

## Sources

- https://pitchhub.36kr.com/financing-flash