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DeepSeek to Raise at Least $12 Billion in Tencent-Backed Funding, Bloomberg News Reports
The round has drawn large commitments from CATL and Tencent as investor demand surged after DeepSeek’s latest AI model release.
- On Tuesday, October 6, 2026, DeepSeek neared securing at least 80 billion yuan in funding, exceeding its initial capital-raising target ahead of a landmark IPO planned for early 2027.
- Battery pioneer Contemporary Amperex Technology and WeChat-operator Tencent Holdings committed major capital to the financing round, with investor interest outstripping the company's original goal of about 50 billion yuan.
- Building on earlier support including a 10 billion yuan investment from Tencent, DeepSeek plans to deploy at least 160,000 Huawei Technologies accelerators at a data center in Inner Mongolia.
- Following the close of this funding round, the startup expects to restructure the company to prepare for its upcoming public market debut, according to people familiar with the matter.
- Founder Liang Wenfeng aims to push artificial intelligence boundaries, positioning the company to compete against Silicon Valley leaders like OpenAI and Anthropic with open-source models.
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With its financing round, the Chinese AI company clearly exceeds its own goal. The capital injection is considered an important step on the way to a possible IPO in early 2027.
·Düsseldorf, Germany
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DeepSeek Nears $12B Tencent-Backed Funding Round After AI Model Success, Bloomberg Reports
Chinese AI startup DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News reported on Tuesday, citing people familiar with the matter.Here are more details:Chinese battery maker CATL and Tencent Holdings have committed among the largest amounts in the current funding round, the report said.DeepSeek initially sought about 50 billion yuan but investor demand exceeded expectations f…
·Dubai, United Arab Emirates (the)
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Participation from major "players", such as CATL and Tencent.
Coverage Details
Total News Sources14
Leaning Left0Leaning Right5Center4Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
C 44%
R 56%
Factuality
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