Bloomberg: DeepSeek completes second-round financing of 100 billion yuan, with Tencent and CATL as the top investors.

Beating AI Express (Dongcha) reports: Bloomberg’s latest report states that DeepSeek has completed its second round of financing worth 100 billion yuan, with Tencent and CATL being among the largest investors. The round was initially targeted to raise 50 billion yuan, but its fundraising goal was raised twice afterward. Despite the financing scale doubling, DeepSeek’s pre-money valuation remains at around 500 billion yuan. At the end of June this year, DeepSeek just closed its first round of financing of approximately 51 billion yuan, with founder Liang Wenfeng contributing around 20 billion yuan personally. Calculated based on the reported scale of this round, the total financing of the two rounds amounts to roughly 150 billion yuan. In this round, new and existing shareholders will each contribute about half of the total planned investment. CATL will add around 10 billion yuan, while Tencent will also continue to invest approximately 10 billion yuan. New investors include Stone Capital, SMIC Holdings, CPE Source Capital, Legend Capital, and Geely, among others. Perfect World announced on October 22 that two funds managed by entities related to Lisi Capital and Shixiang Capital have completed fundraising, with sizes of 7.52 billion yuan and 3.65 billion yuan respectively. Perfect World has subscribed to a total of 150 million yuan, and Century Huatong has previously disclosed its participation in the investment. Both funds participated in DeepSeek’s current financing round, but the specific investment amounts have not been made public. DeepSeek is also preparing for an IPO on China’s STAR Market, planning to submit its listing application as early as the end of this year and aiming to go public in 2027.