Chinese filing implies DeepSeek valuation of around $52 billion
A filing shows the startup’s maiden external fundraising and gives rare public evidence of the investor lineup behind the round.
- On Thursday, Chinese luggage maker Anhui Korrun disclosed that a fund it invested in acquired an indirect stake in DeepSeek, implying the private AI startup was valued at $52 billion.
- DeepSeek previously rejected outside capital, relying on founder Liang Wenfeng's quantitative hedge fund, High-Flyer, but reversed this strategy to finance heavy costs for computing capacity and talent.
- Anhui Korrun's subsidiary invested 40 million yuan via a 2.9 billion yuan fund, while Jiuan Medical deployed 750 million yuan. These filings offer rare public evidence of DeepSeek's maiden fundraising.
- DeepSeek has begun preparations for a Shanghai STAR Market listing this year and is reportedly planning another funding round of up to 50 billion yuan weeks after closing its first.
- Goldman Sachs analysts wrote that Chinese AI is shifting from the 'DeepSeek moment' to the 'Zhipu moment,' while rivals Zhipu and MiniMax have successfully tapped public markets despite recent tech-stock volatility.
15 Articles
15 Articles
A luggage maker’s filing just pinned DeepSeek at $52bn
The most precise figure yet attached to DeepSeek’s worth did not come from the lab, its bankers or its founder. It surfaced in a stock-exchange filing by Anhui Korrun, a Chinese luggage maker, which discloses a stake small enough to imply the Hangzhou AI startup is valued at around $52bn. The arithmetic is narrow but […] This story continues at The Next Web
Chinese filing implies DeepSeek valuation of around $67b
BEIJING — Chinese luggage maker Anhui Korrun said on Thursday (July 16) a fund it invested in deployed 2.9 billion yuan for an indirect 0.8265 per cent stake in DeepSeek, implying the private AI startup was valued at 350.88 billion yuan (S$67 billion).The stock-exchange filing offers rare public evidence about the pricing and investor lineup of DeepSeek's maiden external fundraising,...
The Economic Times
Chinese filing implies DeepSeek valuation of around $52 billion
Anhui Korrun's subsidiary invested 2.90 billion yuan in DeepSeek. This investment secured an indirect 0.8265% stake in the company. The deal implies the artificial intelligence startup was valued at 350.88 billion yuan. This stock-exchange filing offers rare public evidence of DeepSeek's fundraising. The low-profile company has never publicly announced or detailed this valuation.
DeepSeek weighs IPO as Zhipu embraces AGI
DeepSeek could reportedly file for an IPO as soon as this year, joining its rivals in capitalizing on investor enthusiasm for low-cost Chinese AI. The startup is also considering raising new funds from private investors weeks after completing its first financing round that valued the company at $52 billion. DeepSeek upended the AI industry last year with its cheap and effective open-source model, but Chinese AI is moving from the “DeepSeek momen…
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