DeepSeek Secures Second Round of Financing, Plans to Raise 50 Billion Yuan

DeepSeek has entered the signing phase for its second round of financing, with the first batch of investors expected to sign in Hangzhou as early as today. This round aims to raise 50 billion yuan, targeting a valuation of 500 billion yuan, with a minimum investment threshold set at 5 billion yuan per investor. Previous financing was temporarily halted, and discussions with new investors resumed in mid-July, but were delayed due to leaks of internal communications. Financing restarted in early August. DeepSeek's first round of financing was completed in June, raising over 50 billion yuan, with its valuation increasing by more than 40% within a month. The new funds will primarily be used for computing power construction, including data center development and subsequent model research and preparations for a potential domestic listing. State-owned funds and companies in the industry chain have already secured their shares, with the earliest delivery deadline set for August 30. Some funds will go directly into DeepSeek's main company, while others will enter through a limited partnership platform controlled by Liang Wenfeng.

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