DeepSeek to Raise at Least $12 Billion in Tencent-Backed Round

DeepSeek is close to securing at least 80 billion yuan ($12 billion) in its latest funding round with Tencent's backing, exceeding its own fundraising target. The round comes ahead of a planned IPO in early 2027.

• Round raised at least 80 billion yuan ($12 billion)
• Amount exceeded the company's original target
• Tencent is participating in the round
• IPO is planned for early 2027