NextFin News — DeepSeek completed its first external financing round raising more than 50 billion RMB (about $7.4 billion), according to reports on Wednesday, with founder Liang Wenfeng committing 20 billion RMB as the largest investor.
Tencent invested 10 billion RMB, CATL 5 billion RMB, JD.com, NetEase and IDG Capital each contributed 3 billion RMB, and the National Artificial Intelligence Industry Investment Fund participated with 1 billion RMB. The round values the Chinese Mainland AI company above $50 billion and will primarily support compute infrastructure expansion, talent hiring and large language model development through structured equity instruments that maintain founder control.
The record raise highlights intensified capital allocation toward domestic foundational AI capabilities in the Chinese Mainland. It signals strong investor confidence in local model development and potential shifts in competitive dynamics, valuation benchmarks and funding patterns across China’s artificial intelligence sector.
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