DeepSeek may double funding round to as much as $15 billion

DeepSeek is considering expanding its latest funding round to as much as 100 billion yuan ($14.9 billion), double its earlier 50 billion yuan target. The company is limiting participation to state-backed and corporate funds and is eyeing a possible Shanghai IPO in 2027 at a valuation of about $75 billion.

• Round could grow from 50 billion to 100 billion yuan ($14.9 billion)
• Valuation sought at about 500 billion yuan ($75 billion)
• Backers include Tencent, CATL and Geely Auto
• DeepSeek is preparing a possible STAR Market listing in Shanghai