# DeepSeek nears $12B round with Tencent, CATL ahead of IPO

> DeepSeek is reportedly finalising a funding round of at least $12 billion before a Hong Kong 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.*

By Bez · FeaturedDaily
Canonical: https://featureddaily.com/news/deepseek-nears-12b-round-with-tencent-catl-ahead-of-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](https://aiweekly.co/alerts/deepseek-nears-12b-round-with-tencent-catl-before-2027-ipo).

**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.

## Key takeaways

- Round is at least $12 billion, or 80 billion yuan
- Tencent and CATL are among the biggest backers
- Hong Kong IPO targeted for Q1 2027

## Sources

- [DeepSeek nears $12B round with Tencent, CATL before 2027 IPO](https://aiweekly.co/alerts/deepseek-nears-12b-round-with-tencent-catl-before-2027-ipo) — AI Weekly (citing Bloomberg), 2026-10-06