Noesion Radarnoesion.ai
Market2026-10-06

DeepSeek is close to raising at least 80 billion yuan. Tencent and CATL are among the investors. The total could approach 100 billion yuan. The round follows a first outside raise in June. DeepSeek hired CITIC Securities for a possible STAR Market listing. The listing timing remains undecided. Tencent previously invested 10 billion yuan in DeepSeek. CATL previously invested 5 billion yuan. DeepSeek released its R1 model in early 2025. It released V4.1-Flash last month. It recently partnered with Huawei on Ascend AI chip tools.

What changed

DeepSeek initially sought 50 billion yuan.

What it unlocks

Building a financial reserve ahead of a potential domestic IPO.

  • 80 billion yuan target
  • 100 billion yuan possible total
  • 50 billion yuan initial target
  • 500 billion yuan valuation

Sources

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