DeepSeek closes 105.5B yuan Series B at a 615.5B yuan valuation
10/30/2026 — 10/30, 15:20·3 sources (all)·3 reports (all)
Key takeaways
- According to The Information, DeepSeek has closed its second funding round with about 105.5 billion yuan raised and a post-money valuation o…
Background & analysis
On October 22, 2026 (local time), The Information was the first to report that DeepSeek had completed a Series B funding round, raising about $15 billion (roughly 100.153 billion CNY at then-current rates), with Tencent and CATL rejoining after backing the previous round. It was not until October 30 that the publication revealed the round's specific terms: the company had raised about 105.5 billion CNY (about $15.8 billion) from nearly 30 investors, at a valuation of approximately 615.5 billion CNY.
Tencent and CATL remained the two anchor investors. Tencent committed 10 billion CNY this round, the same amount it put in the first round, bringing its two-round total to 20 billion CNY. CATL and its chairman Zeng Yuqun jointly committed 10 billion CNY this round, up from 5 billion CNY in the first round. Industrial investors joining or expanding the list included CXMT, SMIC, vivo, Meituan, Geely Auto, Midea Group, Luxshare Precision, Trip.com, and Xiaohongshu, with some of these companies investing 1–3 billion CNY each. CXMT and Zhu Yiming, plus SMIC, were reported as new participants in this round, spanning chip manufacturing, consumer electronics, and internet services.
On the capital composition side, state-backed Chinese investors accounted for roughly 27% of the round, a sharp increase from the 2% share in the first round. China's National AI Industry Investment Fund committed another 1 billion CNY, matching its first-round contribution. China Mobile, China Telecom, CICC, CITIC Securities, and China Life also participated, each investing between 2 and 8 billion CNY. The reports differ on the headline raise: the October 22 piece cited $15 billion, while the October 30 details put it at 105.5 billion CNY (about $15.8 billion), and the materials do not explain the discrepancy. Tencent had not responded to funding questions as of the East Money report's publication.
AI-generated from 3 reports · updated 42 minutes ago
Latest turnDeepSeek has closed a second funding round of about RMB 105.5 billion at a valuation of RMB 615.5 billion, according to The Information. Nearly 30 investors took part, with Tencent and CATL remaining lead backers and CXMT, SMIC, Meituan, vivo and Xiaohongshu among new names on the list.
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DeepSeek has closed a second funding round of about RMB 105.5 billion at a valuation of RMB 615.5 billion, according to The Information. Nearly 30 investors took part, with Tencent and CATL remaining lead backers and CXMT, SMIC, Meituan, vivo and Xiaohongshu among new names on the list.
IT之家AI score 75DeepSeek has raised 105.5 billion yuan (about $15.8 billion) in a second funding round with nearly 30 investors, The Information reported, with state-backed funds rising to about 27% of the total from 2% in the first round. Tencent put in 10 billion yuan in each round, while CATL and its chairman Robin Zeng contributed 5 billion and 10 billion yuan respectively, alongside CXMT, SMIC, vivo, Meituan and others.
东方财富AI score 69The Information reported that DeepSeek has raised 105.5 billion yuan in its second funding round from nearly 30 investors, with Tencent among the leaders and Chinese state investors accounting for roughly 27%. The report, relayed by cnBeta, gives the first detailed picture of the round's size and shareholder mix.
cnBetaAI score 67
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