DeepSeek
DeepSeek nears $12B round with Tencent, CATL ahead of IPO
Bloomberg reports the Chinese AI lab is finalising a raise of at least 80 billion yuan, with a Hong Kong listing targeted for early 2027.
The answer
DeepSeek is reportedly finalising a funding round of at least $12 billion before a Hong Kong IPO.
What happened: DeepSeek is finalising a funding round of at least $12 billion, Bloomberg reported on 6 October. The report was relayed by AI Weekly.
The numbers: The round is at least 80 billion yuan. The final total could approach 100 billion yuan.
Who's affected: Tencent and battery maker CATL are among the biggest backers, according to the report.
Why it matters: The raise comes as DeepSeek prepares to go public. The company is targeting a Hong Kong IPO in the first quarter of 2027.
The catch: None of this is confirmed. All details come from Bloomberg's report as relayed by AI Weekly, and no company confirmation was found.
What's next: The round is still being finalised, and the Hong Kong listing is targeted for Q1 2027.
Sources
- DeepSeek nears $12B round with Tencent, CATL before 2027 IPO — AI Weekly (citing Bloomberg), 6 October 2026