DeepSeek's First Financing Lands, Raises Over 50 Billion Yuan, Valuation Exceeds 330 Billion Yuan
DeepSeek has completed its first external financing, raising over 50 billion yuan (approximately 7.4 billion USD), with a valuation exceeding 5 billion USD (approximately 338 billion yuan), setting a record for the largest single financing in China's AI industry. The transaction structure is unique: funds must be invested into a limited partnership managed by Liang Wenfeng, and external investors' shares are locked for five years with no voting rights; the National AI Industry Investment Fund is an exception, directly investing 1 billion yuan. Liang Wenfeng contributed 20 billion yuan personally, with Tencent, CATL, and others participating in the investment.
DeepSeek has completed its first external financing, raising over 50 billion yuan (approximately 7.4 billion USD), with a valuation exceeding 5 billion USD (approximately 338 billion yuan), setting a record for the largest single financing in China's AI industry. The transaction structure is unique: funds must be invested into a limited partnership managed by Liang Wenfeng, and external investors' shares are locked for five years with no voting rights; the National AI Industry Investment Fund is an exception, directly investing 1 billion yuan. Liang Wenfeng contributed 20 billion yuan personally, with Tencent, CATL, and others participating in the investment.
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