DeepSeek nears pre-IPO funding round as 2027 market debut takes shape: sources
DeepSeek is nearing the completion of a new funding round that values the company at about 500 billion yuan (US$74 billion) before investment, as the Chinese artificial intelligence start-up moves closer to a potential listing on Shanghai’s Star Market, according to people familiar with the matter. The company was seeking to raise about 50 billion yuan in the round, which was expected to close…
Chinese AI start-up DeepSeek is nearing the completion of a new funding round valued at approximately 500 billion yuan (US$74 billion), as it prepares to potentially list on Shanghai’s Star Market. The company is seeking to raise about 50 billion yuan in the round, which is expected to close before the end of August. Investors in the round include incumbents from the company's last fundraising round, such as local venture funds Monolith and Shixiang Capital, as well as Chinese battery giant Contemporary Amperex Technology Ltd (CATL) and other new investors like CPE, Legend Capital, and Stony Creek Capital.
DeepSeek is also preparing for a potential IPO on Shanghai’s Nasdaq-like Star Market, with the possibility of filing as early as the end of the year, with a public market debut anticipated in 2027. The company is facing intensifying challenges from local and global competitors and has recently raised prices for access to its application programming interface amid aggressive price competition among Chinese AI companies.
Brief written by urgent.news from SCMP Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
