DeepSeek financing details exposed: valuation approximately 615.5 billion yuan, nearly 30 investors participated

According to The Information, details of DeepSeek's second round of financing have emerged. This round of financing amounts to 105.5 billion yuan (approximately 15.8 billion USD), attracting nearly 30 investors, corresponding to a company valuation of about 615.5 billion yuan. Tencent Holdings and Contemporary Amperex Technology Co., Ltd. remain the two main funding sources: Tencent contributed 10 billion yuan in both rounds; Contemporary Amperex Technology and its chairman Zeng Yuqun contributed 5 billion yuan and 10 billion yuan in the two rounds, respectively.

Industrial capital from Changxin Memory Technologies, Semiconductor Manufacturing International Corporation, vivo, Meituan, Geely Automobile, Midea Group, Luxshare Precision, Trip.com, and Xiaohongshu also participated, with some single contributions ranging from 1 billion to 3 billion yuan. The participation of state-owned capital has significantly increased. The National Artificial Intelligence Industry Investment Fund of China contributed another 1 billion yuan in this round, the same as in the first round. Institutions such as China Mobile, China Telecom, CICC, CITIC Securities, and China Life also participated in the investment, with individual contributions ranging from 2 billion to 8 billion yuan.

Informed sources stated that the continuous rise in prices of high-end chips from NVIDIA and concerns about the AI industry bubble are the reasons why DeepSeek decided to double its fundraising scale midway. Previously, Bloomberg reported that DeepSeek had completed approximately 100 billion yuan in financing, led by Contemporary Amperex Technology and Tencent.