Foreign media report DeepSeek's second round of financing at 105.5 billion yuan
According to a report by The Information, DeepSeek has completed its second round of financing, raising 105.5 billion yuan (approximately $15.8 billion) and attracting nearly 30 investors. Phoenix Technology, citing the report, said Tencent and CATL each contributed 10 billion yuan, and that ChangXin Memory Technologies, SMIC, Meituan, vivo, Xiaohongshu and others were also among the investors; state-owned investors contributed about 27% of the amount in this round, far higher than the 2% in the first round, with China Mobile, China Telecom, CICC, CITIC Securities and China Life among those participating. The report also said that, affected by rising prices of Nvidia's high-end chips and precautions against an AI bubble, DeepSeek doubled the size of its fundraising midway through the round. East Money, citing The Information's report the same day, gave the same total fundraising amount and the same proportion of state capital, and said CATL and its chairman Zeng Yuqun contributed 5 billion yuan and 10 billion yuan in the two rounds respectively. There is currently no official response from DeepSeek.
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