MiniMax loses 80% of its market value, DeepSeek plans 100-billion-yuan funding: Who takes the risks of the AI large-model IPO boom?

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  "signal_type": "news",
  "signal_subtype": "receives_financing",
  "detected_at": "2026-10-09T16:33:00+00:00",
  "company": {
    "name": "DeepSeek",
    "domain": "deepseek.com"
  },
  "data": {
    "url": "https://eu.36kr.com/de/p/4019328250171529",
    "title": "MiniMax loses 80% of its market value, DeepSeek plans 100-billion-yuan funding: Who takes the risks of the AI large-model IPO boom? - 36Kr",
    "excerpt": "The AI large-model industry shows two different prices in two markets. Prices in the secondary market fell again last week, while prices in the primary market continue to rise. On the surface, the disagreement lies in differing views, but behind it is the fact that the group of price-setters has been completely replaced. On October 8, MINIMAX's stock closed down more than 13% on the Hong Kong Stock Exchange, Zhipu fell over 7%, and the Hang Seng Tech Index closed at 4073 points, its lowest level since September 2024. In the same week, Bloomberg successively confirmed two primary market transactions. DeepSeek is about to close a new funding round of at least 800 billion yuan and up to nearly 1000 billion yuan; Moonshot has completed its last private placement before the IPO, with a valuation of 50 billion US dollars. At the same time, it is reported that Kuaishou's Lingke will go public on the Hong Kong Stock Exchange next year at the earliest. Measured by the capital increase price from the end of August, the valuation is about 1228 billion yuan. The secondary market's answer is sell, the primary market's answer is price increase. Pricing power for large AI models is changing hands. The secondary market is already valuing based on revenue structure, while the primary market is still bidding based on scarcity. The reason both prices can exist simultaneously is: The primary...",
    "summary": "DeepSeek is set to close a new funding round of between 800 billion yuan and nearly 1,000 billion yuan.",
    "planning": true,
    "image_url": "https://img.36krcdn.com/hsossms/20261010/v2_2d6319d0ffd04d1b80bdb7a789a2338f@5091053@ai_oswg894761oswg1053oswg495_img_png~tplv-1marlgjv7f-ai-v3:600:400:600:400:q70.jpg",
    "confidence": 0.85,
    "published_at": "2026-10-09T16:33:00Z",
    "article_sentence": "DeepSeek is about to close a new funding round of at least 800 billion yuan and up to nearly 1000 billion yuan; Moonshot has completed its last private placement before the IPO, with a valuation of 50 billion US dollars.",
    "financing_type_tags": [
      "equity"
    ]
  }
}

curl https://signals.autobound.ai/v1/signals/b42f5f03-2c75-db5f-0374-31158f2bea52 \
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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"deepseek.com","limit":20}'