DeepSeek reportedly hiring heavily as new round may hit RMB 100B

According to a report by Ifeng Technology on October 27, 2026, multiple people with knowledge of the matter said DeepSeek is aggressively expanding its team. A person close to the company said DeepSeek is laying out a new growth path for investors, with offices mainly in Beijing and Hangzhou; founder Liang Wenfeng has long lived in a rented apartment in Beijing. The report also said DeepSeek is close to closing a new funding round of roughly CNY 100 billion. The planned size of this round was raised from an initial CNY 50 billion to CNY 80 billion and then to about CNY 100 billion. Adding the first round of about CNY 51 billion in June this year, DeepSeek's cumulative funding within half a year could reach about CNY 150 billion. The exact amount and the investor list remain to be disclosed by the company.

Earlier, DeepSeek had already signaled a hiring push: on June 25 this year it posted a recruitment notice proposing to at least double the size of every department and opening 33 positions across technical R&D, compute infrastructure, product implementation, frontier algorithm research, and general functions, including roles in Ulanqab.