Sources: DeepSeek is in talks to raise funds, and the Big Fund, China's biggest state-backed chip fund, is seeking to lead the investment at a ~$45B valuation
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab
Financial Times
Related Coverage
- China's National AI Fund in Talks to Invest in DeepSeek The Information
- DeepSeek nears $45 billion valuation as China's ‘big fund’ leads investment talks, FT reports Reuters
- China's Chip Fund in Talks to Lead DeepSeek Funding, FT Says Bloomberg · Edwin Chan
- China's Big Fund is now leading the DeepSeek round, and the price has more than doubled in two weeks The Next Web · Ana-Maria Stanciuc
- China to Invest in DeepSeek at $50 Billion Valuation Wall Street Journal
- China's Big Fund in talks to lead DeepSeek investment at $45bn valuation Capacity · Saf Malik
- Global investors bullish on AI Semafor · Tom Chivers
- DeepSeek in talks for $45b funding round Tech in Asia · Aiko Gao Ishida
- Deepseek nears $45 billion valuation as China's state chip fund leads round The Decoder · Maximilian Schreiner
- DeepSeek nears $45B valuation from China's Big Fund, Tencent, Alibaba: report Tech Funding News · Abhinaya Prabhu
- DeepSeek could be valued at up to $50 billion in first fundraising: Sources Reuters
Discussion
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@drdomicile
@drdomicile
on x
id be surprised if tencent ends up investing. presumably theyre “still in talks” because they want to negotiate wenfeng's terms. lets see who budges first
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@jukan05
Jukan
on x
FT: DeepSeek is in talks for its first fundraising round at a valuation of around $45 billion. FT: China's largest state-backed semiconductor investment fund, which has invested in YMTC and CXMT, is in talks to lead DeepSeek's fundraising round. [image]
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@zijing_wu
Zijing Wu
on x
@jukan05 He currently has 89.5%. Won't be diluted much. See chart in the story. [image]
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@odysseus0z
George
on x
BTW still cheaper than Cursor
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@teortaxestex
@teortaxestex
on x
Reasonable. DeepSeek is, fundamentally, a semiconductor project as well, most just don't see it yet. By the way, CXMT & YMTC were once put on Pentagon's Section 1260H (seem removed now). The problem will be utilizing this capital, because they sure ain't getting any Hoppers.
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@jukan05
Jukan
on x
@zijing_wu Do you know how much Liang plans to invest? Also, what will happen to Liang's voting rights after this funding round?
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@zijing_wu
Zijing Wu
on x
Scoop: DeepSeek nears $45bn valuation as China's ‘Big Fund’ leads investment talks * Valuation surges vs initial $20+bn * Liang could personally invest * Investors are betting on commercialisation potential ie strong coding despite lack of biz model https://www.ft.com/...
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@teortaxestex
@teortaxestex
on x
Wait, whoa, I didn't know! According to FT, Chen Deli holds ≈2.5% of DeepSeek! I missed it because I've never seen the «Chen Zhe» (陈哲 vs 陈德里) variant. This explains a lot, eg why he gets to vaguepost on XHS about the upcoming roleplay support, and speak for their policy. [image]
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@hsu_steve
Steve Hsu
on x
FT published this ownership diagram for DeepSeek, whose valuation is said to near $50B recent fundraising negotiations. I asked DS v4 who these people are: Based on the ownership structure diagram you shared, the four individuals—Liang Wenfeng, Chen Zhe, Li Huan, and Zheng [image…