DeepSeek Plans $14 Billion Funding Round at $70 Billion Valuation

DeepSeek is planning to complete a roughly $14 billion financing round at a valuation of about $70 billion. The planned financing would be DeepSeek’s second round. Its target increased from about $7 billion to $14 billion in less than two weeks, while the company’s pre-money valuation remained near 500 billion yuan, or about $70 billion. New and existing shareholders are expected to contribute roughly equal portions of the financing. The incoming investors are primarily industrial investment firms. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost