DeepSeek's round: Chinese state investors supplied 27% of nearly $16 billion
DeepSeek's second funding round, close to $16 billion, drew 27% from Chinese state-owned investors, versus 2% in April, The Information reported.
By GennnAi··1 min read
Secondary reports put the round at about 105.5 billion yuan ($15.8 billion) from nearly 30 investors. Tencent and CATL remain leading backers, joined by hardware and memory players such as SMIC and ChangXin Memory. A first round in April raised over 50 billion yuan. DeepSeek has not publicly confirmed the financing. One summary puts the valuation at about 615.5 billion yuan. The Information published its report on 30 October.
Source: The Information, published on October 30, 2026.