DeepSeek slated to draw $7 billion in maiden fundraising

By Reuters

Jun 04, 2026 12:06 am

CHINESE artificial intelligence (AI) startup DeepSeek is set to raise about 50 billion yuan ($7.4 billion) in its first funding round from investors including Tencent Holdings and CATL, people with knowledge of the matter said.

The fundraising could value the company after the investment at between 350 billion yuan and 400 billion yuan, or between $52 billion and $59 billion, the people said, declining to be identified because the information is confidential.

DEBUT The logo of Chinese startup DeepSeek is seen on a display at a shopping mall in Hangzhou, in China’s eastern Zhejiang province, on April 23, 2026. DeepSeek is looking to raise $7.4 billion in its first fundraising, which has Tencent and CATL among the investors. AFP PHOTO

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