DeepSeek is set to complete a 100 billion yuan financing round.
54 minutes ago
Multiple sources familiar with the matter told Caijing Magazine that large language model startup DeepSeek will soon close its latest funding round, with the total capital raised rising from the previously planned 50 billion yuan to around 100 billion yuan. This marks DeepSeek’s second financing round, where the planned investment amount has doubled in less than half a month. New and existing shareholders will each account for roughly half of the total funding. Despite the doubling in financing scale, DeepSeek’s pre-money valuation remains unchanged at approximately 500 billion yuan. New investors in this round include Shixi Capital, SMIC Pi Capital, CPE Source Capital, Legend Capital, and Geely, among others, with industrial investors forming the majority of the new backers. (Caijing Magazine)
A long-dormant Bitcoin whale has transferred 4,582 BTC, worth approximately $377.58 million, after years of inactivity.
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Bitget upgrades leverage for CFD gold (XAUUSD), now supporting up to 2000x leverage.
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