DeepSeek set to raise at least $12B in Tencent, CATL-led round ahead of 2027 IPO

DeepSeek is reportedly nearing at least $12 billion (80 billion yuan) in new funding, above its initial target of roughly $7.5 billion, in a round led by Tencent and CATL ahead of a planned 2027 IPO. The company is considering doubling the round to $14.9 billion as state-backed funds and corporate investors seek stakes; strong demand could push the final raise higher.

Detected & updated continuously · Source: Nebula