DeepSeek to Raise at Least $12 Billion in Tencent-Backed Funding
DeepSeek is close to securing at least 80 billion yuan ($12 billion) in its latest round of funding, blowing past its own capital-raising target ahead of a landmark initial public offering in early 2027.Battery pioneer Contemporary Amperex Technology Co. Ltd. and WeChat-operator Tencent Holdings Ltd. have committed among the largest amounts in the current financing, which closes soon, people familiar with the matter said. DeepSeek initially sought about 50 billion yuan but interest outstripped e...
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