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Sina TechUpdated Oct 24 23:31

DeepSeek Reportedly Completes About 100 Billion Yuan Financing, with CATL and Tencent as Major Investors

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According to domestic technology media reports, DeepSeek recently completed about 100 billion yuan (equivalent to 15 billion US dollars) in financing, with CATL and Tencent among the largest strategic investors in this round. The report said that during negotiations, DeepSeek raised its financing target at least twice, from the initial 50 billion yuan to 80 billion yuan, and ultimately settled at about 100 billion yuan. These funds will support its competition with Anthropic, OpenAI and other companies in the global large-model market.

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The scale of the financing and the composition of investors can serve as a concrete sample for observing the capital competition landscape among domestic large-model companies.

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Fast Technology, October 22 news: According to the latest report from a domestic tech media outlet, leading Chinese large-model company DeepSeek has just recently completed a massive funding round of considerable scale.

Details disclosed in the report show that the total scale of this funding round completed by DeepSeek is reportedly about 100 billion yuan, equivalent to 15 billion US dollars, making it one of the largest financing transactions in the history of China's tech industry. The arrival of these funds also clearly shows that this startup has ample confidence to directly compete head-on with international leading players such as Anthropic and OpenAI in the global large-model market in the future.

According to people familiar with the matter who participated in this funding round, DeepSeek proactively raised its financing target at least twice during negotiations with various investors.

The initial planned financing amount was only 50 billion yuan. Later, as enthusiasm for investment in the large-model sector continued to rise on the industry side, the company successively raised the target to 80 billion yuan, and the actual financing scale finally finalized reached about 100 billion yuan.

CATL and Tencent are among the largest strategic investors in this funding round. The entry of these two industrial giants, which have deep accumulated strengths in new-energy computing power support and the consumer internet ecosystem respectively, can also bring strong synergistic support to DeepSeek's subsequent technology implementation and scenario expansion.

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