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DeepSeek has completed a new round of financing, raising close to 100 billion yuan. According to a Huxiu report, this round raised a minimum of 80 billion yuan and could ultimately approach 100 billion yuan, with the pre-money valuation maintained at 500 billion yuan; founder Liang Wenfeng personally contributed about 20 billion yuan. The report also noted that in the first seven months of 2026 the company's revenue was 475 million yuan and its net loss was 715 million yuan, with the API business gross margin at 82.9%. The funds are mainly directed to a GW-level intelligent computing center in Ulanqab, Inner Mongolia, where the company plans to deploy 160,000 Huawei Ascend 950DT chips; the company plans to submit its prospectus by the end of 2026 and list on the STAR Market in 2027. No subsequent factual developments have been disclosed so far.
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DeepSeek Completes Nearly 100 Billion Yuan Financing at a Pre-Money Valuation of 500 Billion YuanDevelopments
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Oct 20
Huxiu
DeepSeek Completes Nearly 100 Billion Yuan Financing at a Pre-Money Valuation of 500 Billion Yuan
DeepSeek's new financing round has closed, with fundraising guaranteed at 80 billion yuan and ultimately expected to approach 100 billion yuan, while the pre-money valuation remains at 500 billion yuan; founder Liang Wenfeng personally contributed about 20 billion yuan. In the first seven months of 2026, the company's revenue was 475 million yuan, with a net loss of 715 million yuan, and the API business gross margin was 82.9%. The funds are mainly directed toward a GW-level intelligent computing center in Ulanqab, Inner Mongolia, where the company plans to deploy 160,000 Huawei Ascend 950DT chips; the company plans to submit a prospectus by the end of 2026 and list on the STAR Market in 2027.