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Sep 9, 2026

Chinese AI startup DeepSeek taps CITIC Securities for Shanghai IPO preparation

DeepSeek has engaged CITIC Securities as an underwriter to prepare for an initial public offering on Shanghai's STAR Market, signaling the AI startup is advancing its domestic listing plans. The Hangzhou-based firm aims to begin the IPO process this year.

Sep 9, 2026·5 sources
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Top claims

  • ▪Claude and Mythos developer Anthropic could be valued at up to $2 trillion in an initial public offering planned for mid-October 2026.
  • ▪The valuation gap between Chinese and United States artificial intelligence developers reflects a sharp revenue disparity and challenges in converting technology into profit.
  • ▪Chinese large language model developers Z.AI and MiniMax both went public in Hong Kong earlier in 2026.

Subtopics

China tech & industrial strategyChinaAI foundation modelsAI startups

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