DeepSeek raises ~100 billion yuan in record funding

Briefing by News4U · First published 2026-10-22 03:06:03 UTC

Sina Finance reports DeepSeek completed ~100 billion yuan ($15 billion) financing, with CATL and Tencent among top investors.

Sina Finance reports DeepSeek completed about 100 billion yuan ($15 billion) in funding, one of China’s largest-ever financing rounds. [1]

The AI firm twice raised its target during talks, from 50 billion yuan to 80 billion yuan and finally to about 100 billion yuan. [1]

CATL and Tencent were among the largest investors; the round is expected to pave the way for a planned IPO. [1]

Sources