DeepSeek secures RMB 1.65 billion in financing from a group of Zhejiang industrialists

According to a TMTPost report published on November 6, 2026, AI company DeepSeek has recently closed a round of funding totaling 165 million CNY. The investors are described as a group of industrialists from Zhejiang province. TMTPost characterizes the financing as a case of traditional physical-industry capital moving into the AI sector, packaging the money as “a group effort” and framing the investors as buying “a ticket to the AI boat” with some of the most conventional capital in China. At this point, the public record on this round consists of that single report: no announcement has been published on DeepSeek's official channels, no detailed terms have been disclosed, and the identity of the participants, the form of the capital, and any planned use of proceeds remain undisclosed. The report covers only the completion of the financing and the origin of the funds, and subsequent developments have yet to appear in the available material.