Legend Capital, affiliated with Lenovo, participates in DeepSeek's new funding round
According to The Wall Street Journal, citing people familiar with the matter, DeepSeek's new funding round brought in industrial and financial investors including Legend Capital, Stone Creek Capital and Geely, among which Legend Capital and Lenovo Group both belong to the Legend Holdings system. DeepSeek has engaged CITIC Securities to provide advisory services for its IPO and brought in a new chief financial officer in September this year, and may advance its IPO as early as early 2027.
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The report discloses the composition of investors in DeepSeek's new funding round and the progress of its IPO preparations, allowing readers to understand developments at the capital level.
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On October 23, according to The Wall Street Journal citing people familiar with the matter, DeepSeek's new round of financing brought in a number of industrial and financial investors, including Legend Capital, Shixi Capital, which focuses on the semiconductor sector, and Geely. At the same time, DeepSeek has engaged CITIC Securities to provide advisory services for its IPO and brought in a new chief financial officer in September this year. The Wall Street Journal reported that DeepSeek may advance its IPO as early as early 2027.
It is understood that Legend Capital and Lenovo Group both belong to the Legend Holdings system. Lenovo Group is a core industrial company under Legend Holdings, while Legend Capital is an important investment platform of the group. Legend Capital's participation in this DeepSeek financing also means that Legend-affiliated capital has formally entered DeepSeek's shareholder ranks. (Dingxi)