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Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗DeepSeek raises RMB 100 billion in Series D financing
According to 36 Krypton News, DeepSeek will complete the second round of RMB 100 billion financing, a financing plan reported by the media.
DeepSeek to complete CNY 100 billion funding at about CNY 500 billion pre-money valuation
DeepSeek is set to complete CNY 100 billion in funding at approximately CNY 500 billion pre-money valuation, with Shixi Capital, SummitView, CPE, Legend Capital, Geely, CATL, Tencent, IDG Capital and others participating.
DeepSeek second funding round nears CNY 80 billion, targeting a valuation of approximately CNY 500 billion
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.
DeepSeek reaches USD 1 billion in ARR
On 2026/9/25, Thenews reported that DeepSeek disclosed annual recurring revenue (ARR) of USD 1 billion in the AI Core sector.
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.
DeepSeek is closing a second external round of roughly 50 billion yuan ($7.4B)
In late 2026/8, genztech reported that Chinese AI large-model company DeepSeek was nearing completion of its second external funding round, totaling approximately CNY 50 billion, or approximately USD 7.4 billion, at a pre-money valuation of approximately USD 74 billion.
Yushu Technology completes equity financing
On 2026-8-7, according to Xiniu Data, Yushu Technology completed equity financing, raising RMB 1.219 billion. Investors were DeepSeek, China Shiyou Group Kunlun Capital Co., Ltd., Nanfangdianwangchanrong Holdings Group Co., Ltd., Tianyi Capital Holdings Co., Ltd., Shanghai Qishan Investment Co., Ltd., Zhongxin Securities Investment Co., Ltd. and others.
DeepSeek plans second round, seeking CNY 50 billion
On 2026/8/5, IT Home reported claims that China’s DeepSeek had restarted its second funding round, seeking CNY 50 billion, approximately USD 7.405 billion, at a pre-money valuation of approximately CNY 500 billion, approximately USD 74.046 billion. Signing was expected in the latter part of month 8.
DeepSeek completes first external round, raising more than USD 7.4 billion at valuation above USD 50 billion
On 2026/6/16, The Decoder reported that China’s DeepSeek had completed its first external funding round, raising more than CNY 50 billion, approximately USD 7.4 billion, at a valuation exceeding USD 50 billion.