DeepSeek Raises 50 Billion Yuan at $74 Billion Valuation, Begins Preparations for 2027 STAR Market IPO
DeepSeek is close to completing a funding round of approximately 50 billion yuan at a valuation of about 500 billion yuan ($74 billion), expected to close by the end of August. The Hangzhou-based AI company has also initiated preparations for a 2027 STAR Market listing.