DeepSeek to Raise Fresh Capital at $74 Billion Valuation Ahead of IPO: Sources
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Chinese artificial intelligence company DeepSeek plans to launch a new funding round with a valuation of around 500 billion yuan (74 billion dollars) ahead of a possible listing in mainland China, two people familiar with the matter said. The plan comes just weeks after the Hangzhou-based company - which garnered global attention in 2025 with its low-cost AI models - raised around 7.4 billion dollars in June at a post-money valuation of about 450 billion yuan, these sources indicated. Documents later filed by two Chinese investors suggested that DeepSeek was valued at 350.88 billion yuan, or about 52 billion dollars.This content was made possible thanks to the support of the El Destape community. Join us. Let's keep making history. SUBSCRIBE TO EL DESTAPEThese plans highlight strong investor interest in one of China's most closely watched AI companies, but also point to the rising costs of competing in the AI sector, which requires large amounts of computing power, data center capacity, and engineering talent.DeepSeek aims to raise up to 50 billion yuan in the new funding round, according to a third person familiar with the matter. It has also begun initial deliberations about a possible listing on Shanghai's STAR Market, a Nasdaq-like board, the three sources and two other people familiar with the plan said. The company has set an internal goal of completing the IPO...
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