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DeepSeek Said to Double Second-Round Funding Target to About 100 Billion Yuan on Steady $70B Valuation

This story is from 2026-10-17. It is preserved in the archive; the latest stories are on the live feed.

Multiple people involved in the transaction told Chinese media that DeepSeek is close to finalizing its second funding round, with the target having doubled from an initial 50 billion yuan to roughly 100 billion yuan (about $14 billion) in under half a month, while its pre-money valuation reportedl…

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  1. 2026-10-17 05:10 · DEV Community — AI
    DeepSeek Said to Double Second-Round Funding Target to About 100 Billion Yuan on Steady $70B Valuation

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