150 Billion Yuan in Financing in Just 6 Months – Technological Idealist Liang Wenfeng Highly Sought After by Capital Markets
Article excerpt
Liang Wenfeng, who once emphasized that "the problem we face is never money," is accelerating DeepSeek's capitalization process. On October 22, media reported that DeepSeek's new funding round was oversubscribed to 1 trillion yuan. Investors include Xiyu Capital, SMIC PE, CPE Yuanfeng, Junlian Capital, Geely, and other players. Existing shareholders CATL, Tencent, IDG Capital, Lisi Capital, and Shixiang Capital continued to participate in the follow-on financing. In April 2026, DeepSeek launched its first external financing round since its inception, which closed at the end of June with a volume of around 510 billion yuan. The post-investment valuation was close to 4 trillion yuan. Founder Liang Wenfeng personally contributed around 200 billion yuan, Tencent around 100 billion yuan, CATL's system around 50 billion yuan, and NetEase, JD, Lisi Capital, and IDG Capital around 30 billion yuan each. The National AI Industry Investment Fund also participated in the first financing round. Once the new financing round is completed, DeepSeek will have raised a total of more than 1.5 trillion yuan in capital within half a year. Nevertheless, media report that despite the doubling of the financing volume, the pre-investment valuation remains at around 5 trillion yuan. This means DeepSeek is not exploiting market popularity to excessively inflate its valuation. Source: AI-generated The...
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On October 20, DeepSeek directly and fully open-sourced the internal inference framework DeepInfer and the production-ready codec components DeepSeek-recipe.
