DeepSeek Seeks RMB 50 Billion Raise at $44 Billion Valuation
DeepSeek is seeking a RMB 50 billion capital raise at a pre-money valuation of RMB 300 billion, or about US$44 billion, according to Chinese media reports. The plan would include RMB 20 billion of internal capital and RMB 30 billion from external investors, with participating institutions reportedly required to commit at least RMB 5 billion and with limited partners subject to screening.
Earlier, The Information reported that Tencent and Alibaba were in talks to invest in DeepSeek at a valuation above $20 billion. The latest reported valuation would place DeepSeek above MiniMax's RMB 240 billion valuation and close to Zhipu's RMB 380 billion, according to the Chinese media report.
From the sources (3 posts)
@jukan05Chinese media: DeepSeek seeks RMB 50 billion capital raise at latest valuation of RMB 300 billion (US$44 billion) According to Chinese media reports, DeepSeek’s pre-money valuation is said to be RMB 300 billion, or approximately US$44 bill
@zephyr_z9Seems believable High Flyer's internal fund is very big And Liang Wenfeng is a very rich guy $45B-$50B valuation is sensible And a $7B warchest should be enough
@cointelegraph🇨🇳 BIG: China's Tencent and Alibaba are in talks to invest in DeepSeek at a valuation above $20 billion, The Information reports.