Tuesday, 6 October 2026Updated 16m ago
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DeepSeek nears $12 billion Tencent-backed funding round

3 sources · first seen 10:54 6 Oct · updated 11:41 6 Oct

The brief

Written from 3 reports · check the source before you trade
  • The round is nearing 80 billion yuan, or $11.93 billion
  • DeepSeek is backed by Tencent and CATL and is targeting a 2027 IPO

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DeepSeek1 todayTencent1 todayAI115 todayChina13 todayStartup funding13 todayStartups and VC20 today

Linked by the tag DeepSeek

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All DeepSeek stories →
Part of a developing story2 updates over 7 days

DeepSeek partners with Huawei on tools for Ascend AI chips

Tuesday, 6 October

  1. 3 sourcesYou are here
    DeepSeek nears $12 billion Tencent-backed funding round

Wednesday, 30 September

  1. 6 sources
    DeepSeek partners with Huawei on tools for Ascend AI chips

Follow the full storyline →

Read the reports

3 reports · earliest 10:54
MoneycontrolDeepSeek to raise at least $12 billion in Tencent-backed funding10:54CNBC-TV18China's DeepSeek to raise $12 billion in Tencent-backed funding11:29Economic TimesDeepSeek to raise at least $12 billion in Tencent-backed funding11:41