DeepSeek's $16B round draws Tencent, CATL and Chinese state backers

DeepSeek closed its second-ever funding round at nearly $16 billion, The Information reports. Tencent and CATL remain the top two investors, while ChangXin Memory Technologies and its chairman Zhu Yiming joined the round. The three-year-old company raised outside capital for the first time only in April.

• DeepSeek's new round is valued at nearly $16 billion
• Tencent and CATL remain the two largest investors
• ChangXin Memory Technologies joined as a new backer
• It is DeepSeek's second round, after its first in April 2026