Reports say China's DeepSeek raised about $15 billion
China's DeepSeek has raised about fifteen billion dollars, according to reports.
Evenly newsroomKey facts
- That is about 100 billion yuan, one of China's biggest private AI rounds.
- Tencent and battery maker CATL are among the largest investors.
- DeepSeek has not confirmed the figures.
The Chinese artificial intelligence company DeepSeek has raised about 100 billion yuan, or roughly $15 billion, according to reports by Reuters and Bloomberg on October 22, 2026. Bloomberg called it one of the largest private funding rounds ever in China.
According to Reuters, which cited two people familiar with the matter, the round was expected to close within days and its terms could still change. Bloomberg reported that DeepSeek raised its target at least twice, from 50 billion yuan to 80 billion yuan, before reaching about 100 billion yuan.
The battery maker CATL and the technology group Tencent are reported to be among the biggest investors. Other reports also name the chipmaker GigaDevice and the carmaker Geely.
The Wall Street Journal reported that this is DeepSeek's second private funding round and that the company is working toward a stock market listing in Shanghai.
DeepSeek, based in Hangzhou, has not publicly confirmed the amount or the investors.
- Where
- Hangzhou, China
- When
- Reported Oct 22, 2026
