Chinese AI (artificial intelligence) company DeepSeek has officially completed its first round of financing, raising over 50 billion yuan. Founder Liang Wenfeng retained controlling equity through a special financing structure; however, the Chinese Communist Party (CCP) is using "golden shares" to grant voting rights.
DeepSeek completed its first round of external equity financing on June 16th, bringing the Hangzhou-based company's valuation to…
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.
Chinese AI (artificial intelligence) company DeepSeek has officially completed its first round of financing, raising over 50 billion yuan. Founder Liang Wenfeng retained controlling equity through a special financing structure; however, the Chinese Communist Party (CCP) is using "golden shares" to grant voting rights.
DeepSeek completed its first round of external equity financing on June 16th, bringing the Hangzhou-based company's valuation to…