DeepSeek nears pre-IPO funding round as 2027 market debut takes shape: sources
Landmark round to lift Chinese start-up’s valuation to US$74 billion and set the stage for a Shanghai Star Market listing, sources say
The company was seeking to raise about 50 billion yuan in the round, which was expected to close before the end of August, according to one person.
Investors included incumbents from the company’s last fundraising round, such as local venture funds Monolith and Shixiang Capital, and Chinese battery giant Contemporary Amperex Technology Ltd (CATL), another source said.
The sources requested anonymity as they were discussing private information.
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