Chinese AI startup DeepSeek is finalizing a funding round of about 100 billion yuan (US$14.98 billion) from existing and new investors, including Tencent and CATL, according to Reuters citing sources. The round values the company at 500 billion yuan (about $74.9 billion) before the new capital, and its size is double the initial target of 50 billion yuan. Other participants include Midea, Meituan, Geely and GigaDevice, with more than 15 investors in total. The terms and investor list are not final and the deal is expected to close within days, while DeepSeek, CATL and Tencent have not commented. The move follows DeepSeek's hiring of CITIC Securities in September to prepare a potential IPO on China's STAR Market.
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Original headline: DeepSeek hoàn tất vòng gọi vốn gần 15 tỷ USD, lớn nhất từ trước tới nay tại Trung Quốc
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DeepSeekartificial intelligenceChinaIPO
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| Market | US stocks |
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| Industry | Semiconductors |
| Market cap | $5.2T |
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