Deepseek's funding round swells past $12 billion with CATL, Tencent backing
Chinese companies CATL and Tencent have joined Deepseek's latest funding round, pushing the total raised to at least $12 billion. The AI startup is reportedly eyeing an IPO in 2027.
Why it matters & sources
Why it matters: The scale of backing signals strong confidence in Deepseek's position within China's AI sector ahead of a planned public listing.
Sources: the-decoder.com