DeepSeek Completes $12 Billion Pre-IPO Financing, Led by Tencent and CATL, to List on STAR Market in 2027
DeepSeek is nearing completion of a Pre-IPO financing of at least RMB 80 billion, with Tencent and CATL as the largest investors, and plans to list on the STAR Market in early 2027. The round may reach or exceed RMB 100 billion and will fund compute infrastructure, AI model development, and team expansion.