BusinessDeepSeek Nears $12 Billion Tencent-Backed Funding Round
DeepSeek is close to raising over 80 billion yuan ($12 billion) in its latest funding round, surpassing its initial 50 billion yuan target ahead of a planned IPO in early 2027. Major investors include Contemporary Amperex Technology and Tencent Holdings. Interest surged after DeepSeek released its V4 Flash AI model, challenging competitors like Anthropic and OpenAI. The final funding could reach 100 billion yuan.
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