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China's DeepSeek closes over $7 billion funding with unusual deal structure, the Information reports

  • DeepSeek, a Chinese AI lab, raised about $7 billion in its first external funding round with a valuation between $52 billion and $59 billion, mainly funded by founder Liang Wenfeng's 20 billion yuan contribution to maintain control.
  • Before this round, DeepSeek was funded solely by High-Flyer, a hedge fund founded by Liang Wenfeng, and had not accepted external venture capital.
  • Tencent and battery maker CATL are major outside investors, contributing roughly 10 billion yuan and 5 billion yuan respectively, demonstrating broad corporate interest in DeepSeek.
  • DeepSeek's funding and valuation reflect its strategic importance in China and its status as a state-supported project with national significance, aiming for advances in artificial general intelligence.
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DeepSeek reportedly now most valuable Chinese AI startup company

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Seeking Alpha broke the news in United States on Tuesday, June 16, 2026.
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