DeepSeek to soon close first external fundraising in US$50b valuation: sources
SCMP Tech / 5/8/2026
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Key Points
- DeepSeek is reportedly set to close its first external fundraising round soon, targeting a valuation of up to $50 billion, according to sources.
- The financing round is expected to include state-linked investors, with participation from AI-focused affiliates connected to China’s Integrated Circuit Industry Investment Fund (third phase).
- The deal is described as supporting DeepSeek’s position as a national technology champion backed by major state-associated capital.
- The report frames the fundraising as a step that could significantly strengthen DeepSeek’s scale and influence in China’s AI ecosystem.
Chinese artificial intelligence high-flier DeepSeek is expected to close its first external financing round soon, boosting its valuation to up to US$50 billion, according to three people familiar with the matter, as the country’s marquee state-backed investment vehicle joins in bankrolling what is seen as a national technology champion.
The round was being backed by a group of state-linked investors, including AI-focused affiliates under the third phase of the China Integrated Circuit Industry...
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