DeepSeek Seeks $12 Billion in Tencent-Backed Funding Round
DeepSeek is close to securing at least 80 billion yuan, equivalent to $12 billion, in its current funding round, according to Bloomberg. Tencent Holdings and Contemporary Amperex Technology Co. Ltd. rank among the leading investors in the round. The raise would mark one of the largest funding efforts tied to a Chinese AI company, with backing from a major technology conglomerate and the world's largest battery manufacturer. The report cites Bloomberg as the source of the funding figures and investor names.
Key facts
- DeepSeek is raising a minimum of 80 billion yuan ($12 billion) in its current funding round.
- Bloomberg reported the funding details.
- Tencent Holdings is among the top investors.
- Contemporary Amperex Technology Co. Ltd. is among the top investors.
- The round is valued at no less than $12 billion.
- The funding target is expressed as 80 billion yuan.
- The report originates from a qz.com article dated 100626.
- The investors named are Tencent Holdings and Contemporary Amperex Technology Co. Ltd.
Entities
Institutions
- DeepSeek
- Tencent Holdings
- Contemporary Amperex Technology Co. Ltd.
- Bloomberg
- qz.com
- NetEase
- JD.com
- Contemporary Amperex Technology Limited (CATL)
- IDG Capital
- Monolith
- Loyal Valley Capital
- Shixiang Tech
Locations
- China
Sources
- Quartz —
- SCMP Lifestyle —