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DeepSeek Nearly 16000000000 USD Financing details disclosed: Tencent, CATL, and multiple state-owned institutions participate
Beating AI flash news, citing a report by The Information based on people with direct knowledge,DeepSeek has raised 105500000000 yuan CNY(approximately 15800000000 USD), attracting nearly 30 investors. Tencent and CATL remain the principal investors. State-owned investors contributed approximately 27%of this financing round, higher than 2%in the first round.
Regarding specific contributions, Tencent contributed 10000000000 yuan in each of the financing rounds; CATL and its chairman collectively contributed 5000000000 yuan and 10000000000 yuan, respectively, in the first and current rounds. Other investors include CXMT and its chairman Zhu Yiming, SMIC, as well as companies including vivo, Meituan, Geely, Midea, Luxshare Precision, Trip.com, and Xiaohongshu, with the latter each investing 1000000000 to 3000000000 yuan.
Among state-owned investors, the National Artificial Intelligence Development Fund again invested 1000000000 yuan in this round, the same amount as in the first round. Institutions including China Mobile, China Telecom, CICC, CITIC Securities, and China Life also participated, each investing 2000000000 to 8000000000 yuan. Based on cumulative investments across the rounds, technology companies contributed approximately 42%, while state-owned investors accounted for approximately 19%。
VC Among private equity institutions, Lisi Capital invested 3000000000 yuan and 7500000000 yuan in the rounds, respectively;IDG Capital invested a cumulative 6500000000 yuan across the rounds, while Boyu Capital invested 3500000000 yuan in the second round. The report said that DeepSeek used a special structure in its first financing round: other than the National Artificial Intelligence Development Fund, other investors were required to invest funds in an entity held by Liang Wenfeng, relinquish voting rights, and commit to lock up their shares for 5 years, unless the company went public earlier.
The expanded financing was mainly related to rising chip procurement costs and the need to build up cash reserves. During the 4-month financing period, the price of a server equipped with 8 NVIDIA B300 chips rose from approximately 15000000 yuan to 19000000 yuan. People familiar with the matter said that DeepSeek doubled the fundraising target midway through the financing and also sought to build up funds in advance to address the risk that the AI industry bubble could burst.
Original link https://m.theblockbeats.info/flash/374693