DeepSeek's second funding round of about 100 billion yuan nears completion as Liang Wenfeng builds out embodied intelligence

Bloomberg reported on October 22 that DeepSeek's current funding round is set at about 100 billion yuan, with a pre-money valuation of about 500 billion yuan. The company initially planned to raise 50 billion yuan, doubling it to the 100 billion level after two increases. Existing shareholders Tencent and CATL each added about 10 billion yuan to become cornerstone investors, while new participants include Shixi Capital, SMIC Capital, CPE Yuanfeng, Legend Capital and Geely. Combined with the 51 billion yuan first round in late June, the company has raised more than 150 billion yuan in just over 100 days.