DeepSeek Valued at RMB 500 Billion, Plans RMB 50 Billion Second-Round Fundraise
DeepSeek, the Chinese AI startup, reported revenue of about RMB 475 million in the first seven months of 2026, roughly ten times its full-year 2025 revenue. Its AI infrastructure spending reached about RMB 11 billion in the same period, up from RMB 1.2 billion in 2025. The company is planning a second funding round to raise RMB 50 billion at a valuation of approximately RMB 500 billion.
In the first seven months of 2026, DeepSeek generated revenue of approximately RMB 475 million, about ten times its total revenue for 2025. During the same period, the company's spending on AI infrastructure reached roughly RMB 11 billion, compared with about RMB 1.2 billion in 2025. These expenditures include leasing servers equipped with AI chips, purchasing chips, and other computing equipment. As revenue and AI infrastructure spending are distinct financial metrics, the two figures cannot be directly used to determine DeepSeek's specific scale of losses.
According to people involved in the transaction, DeepSeek's latest valuation is approximately RMB 500 billion, and it plans to raise RMB 50 billion in a second round of financing. The company has not responded to the financing and valuation reports. Despite the sustained high computing costs associated with large-model development, investment institutions are still competing for a share of DeepSeek's funding round.
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The event has a measured impact on 1 industry. The strongest current signal is positive for Artificial Intelligence, with intensity 70/100 and 70% confidence over a short term horizon.
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