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DeepSeek reportedly raises about $15B, more than double its target, per Reuters

Reuters, citing four people with knowledge, reports DeepSeek raised about 100 billion yuan (roughly $15 billion) at a pre-money valuation of 500 billion yuan, double its 50 billion yuan target. Investors named include CATL, Tencent, Meituan, Geely and Midea. Details could still change, and DeepSeek has not commented.

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Primary source

Reuters via DealStreetAsiadealstreetasia.com/stories/deepseek-raises-15b-from-meituan-geely-others-to-fuel-ai-race-498983/

Coverage · 16 articles, oldest first

Wednesday, October 21, 2026

  1. Bloomberg

    DeepSeek Raises $15 Billion in Challenge to Leading US Labs

Thursday, October 22, 2026

  1. Reuters

    dealstreetasia.com/stories/deepseek-fundraising-ai-498879/

  2. Finimize

    finimize.com/content/deepseeks-fundraising-pulls-in-catl-and-tencent

  3. Crypto Briefing

    cryptobriefing.com/deepseek-ai-funding-china-race/

  4. Reuters

    economictimes.indiatimes.com/tech/artificial-intelligence/deepseek-raises-15-billion-in-challenge-to-leading-us-labs/articleshow/135105489.cms

  5. RuntimeWire

    runtimewire.com/article/deepseek-raises-15-billion-ai-funding

  6. Storyboard18

    storyboard18.com/brand-marketing/deepseek-raises-15-billion-in-funding-as-it-steps-up-ai-competition-with-openai-anthropic-113131.htm

  7. Ventureburn

    ventureburn.com/deepseek-raises-15-billion-challenge-us-ai-labs/

  8. The Wall Street Journal

    wsj.com/tech/ai/chinese-ai-startup-deekseek-raises-15-billion-ahead-of-potential-ipo-f7fe3a49

  9. Quartz

    qz.com/deepseek-15-billion-funding-round-possible-ipo-102226

  10. Reuters

    dealstreetasia.com/stories/deepseek-raises-15b-from-meituan-geely-others-to-fuel-ai-race-498983/

  11. Silicon Republic

    siliconrepublic.com/business/deepseek-reportedly-closes-15bn-raise-in-race-to-ipo

  12. PYMNTS.com

    pymnts.com/news/artificial-intelligence/2026/deepseek-raises-15-billion-ahead-of-planned-shanghai-ipo/

  13. The Tech Portal

    thetechportal.com/2026/10/22/deepseek-raises-15-billion-doubling-its-own-target-days-after-us-restrictions/

  14. The New York Times

    nytimes.com/2026/10/22/business/dealbook/zuckerbergs-big-deal.html

  15. New York Post

    nypost.com/2026/10/22/business/chinese-ai-firm-deepseek-raises-15b-in-latest-challenge-to-openai-anthropic-report/
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