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DeepSeek Seeks Up to $7.35B in First-Round Financing, Drawing Tencent, Alibaba, and State Fund Bidding War
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DeepSeek Seeks Up to $7.35B in First-Round Financing, Drawing Tencent, Alibaba, and State Fund Bidding War
DeepSeek is seeking to raise up to 50 billion RMB (approximately $7.35 billion) in its first-ever financing round, a sum that would shatter records for a single funding round by any Chinese AI company. The deal has drawn intense interest from Tencent, Alibaba, and a consortium of state-backed funds, according to multiple reports citing sources familiar with the matter. The fundraising comes less than a year after DeepSeek shocked the global AI c…
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