TLDR Tech / Opinion
DeepSeek Secures Funding at July Valuation
DeepSeek is reportedly close to finalizing an extended second funding round of approximately Rmb 100 billion ($15 billion), maintaining its pre-money valuation at roughly Rmb 500 billion, according to sources speaking with Caijing. The fundraising target increased from an initial Rmb 50 billion in less than two weeks, with Reuters indicating an October completion and plans for a STAR Market IPO in 2027. The author suggests the unchanged valuation indicates an effort to fill the shareholder registry before an IPO rather than a response to investor interest.
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