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The Information disclosed that DeepSeek's second round of financing amounted to 105.5 billion yuan, with a post-investment valuation of 615.5 billion yuan. Nearly 30 investors participated, and Xiaohongshu appeared on the list of investors. The report stated that the proportion of state-owned capital contributions in this round rose from 2% in the first round to 27%; Tencent invested 10 billion yuan, unchanged from the first round; CATL and Zeng Yuqun together contributed 10 billion yuan. Previously, Xiaohongshu had already participated in Kimi's over 1 billion US dollar financing and appeared among the strategic investors in MiniMax before its listing. At present, these financing details were disclosed by The Information and relayed by media outlets such as 36Kr AI.
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China Mobile and China Telecom Participate in DeepSeek's Second Round of 105.5 Billion Yuan FinancingDevelopments
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Nov 3
Electronic Technology Application
China Mobile and China Telecom Participate in DeepSeek's Second Round of 105.5 Billion Yuan Financing
The Information disclosed that DeepSeek's second financing round was 105.5 billion yuan, with a post-investment valuation of 615.5 billion yuan. Among nearly 30 investors, China Mobile plans to contribute 8 billion yuan, and China Telecom is also on the list. In this round, state-owned capital accounted for about 27%, compared with only 2% in the first round. DeepSeek required interested parties to explain in writing the data support and business synergies they could provide, while the operators used intelligent computing scale and model delivery capabilities as their bargaining chips.
Nov 2
36Kr · AI
Xiaohongshu Participates in DeepSeek's Second Round of 105.5 Billion Yuan Financing
The Information disclosed that DeepSeek's second financing round amounted to 105.5 billion yuan, with a valuation of 615.5 billion yuan, and nearly 30 investors participating, with Xiaohongshu appearing on the list. In this round, the proportion of state-owned capital investment rose from 2% in the first round to 27%; Tencent invested 10 billion yuan, unchanged from the first round; CATL and Zeng Yuqun together invested 10 billion yuan. Previously, Xiaohongshu had already participated in Kimi's financing of over 1 billion US dollars and appeared among the strategic investors ahead of MiniMax's listing.
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Details of DeepSeek's second funding round of 105.5 billion yuan revealed, with vivo, Meituan, Xiaohongshu and others among investors
DeepSeek's second funding round has raised 105.5 billion yuan (approximately US$15.8 billion), attracting nearly 30 investors, with state-owned capital contributing about 27%, a sharp increase from 2% in the first round. Tencent Holdings and CATL remain the two major investors; Tencent contributed 10 billion yuan in each of the two rounds, while CATL and its chairman Zeng Yuqun contributed 5 billion yuan and 10 billion yuan in the two rounds respectively. Other industrial investors also include ChangXin Memory Technologies, SMIC, vivo, Meituan, Geely Automobile, Midea Group, Luxshare Precision, Ctrip and Xiaohongshu, among others, with some companies investing between 1 billion and 3 billion yuan each.