DeepSeek completed a financing of 100 billion yuan, setting a new record in the AI industry

DeepSeek recently completed approximately 100 billion yuan (about 15 billion USD) in financing, setting a new record for a single round of financing in China's AI industry. The target for this round of financing was raised from 80 billion yuan to 100 billion yuan, with major investors including Contemporary Amperex Technology Co., Tencent Holdings, IDG Capital, and others continuing to invest, while many new investors are primarily industrial capital.