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Jun 3, 2026

DeepSeek raising $7 billion in maiden funding round at up to $59 billion valuation

Chinese AI startup DeepSeek is close to finalizing approximately $7 billion in funding from investors including Tencent Holdings, CATL, NetEase, and JD.com, in one of China's largest startup financings. The round would value the company at between $52-59 billion.

Jun 3, 2026·4 sources
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Top claims

  • ▪Founder Liang Wenfeng stated DeepSeek will prioritize "groundbreaking AI research over short-term commercialization" and continue developing open-source models.
  • ▪The funding round is one of China's largest private technology financings.
  • ▪Tencent Holdings is set to be one of the largest external investors, considering a 10 billion yuan investment.

Topics

China tech & industrial strategyChinaVenture capital fundingAI startupsAI

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