DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL
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What Happened
Chinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, according to people familiar with the matter – marking a six-fol...
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Why It Matters
Tencent and CATL’s backing ties DeepSeek’s AI directly to EV supply chains, forcing rivals to match capital or lose tech leverage.
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Who's Affected
DeepSeek
Tencent
CATL