❯ DeepSeek’s second round reportedly reaches RMB105.5 billion with nearly 30 investors

More detail on the second roundOn October 30, IT Home’s account of The Information put DeepSeek’s second financing round at approximately RMB105.5 billion, with a valuation around RMB615.5 billion and nearly 30 investors. Earlier reporting had described the round as completed. The latest report provides a more precise round size and a fuller investor list.

A broader industrial investor baseThe reported investors include Tencent, CATL and its chairman Robin Zeng, CXMT, SMIC, Meituan, vivo and Xiaohongshu. Tencent contributed RMB10 billion, while CATL and Zeng together contributed RMB10 billion. State-backed investors supplied about 27% of the capital in this round, up from 2% in the first.

An expanded fundraising targetDeepSeek supplies foundation models and related services, requiring sustained computing resources for development and usage. According to the report, its first round in June raised roughly RMB51 billion. The second-round target increased from approximately RMB50 billion to RMB100 billion before the more precise RMB105.5 billion figure emerged. Investments from chip, consumer-electronics and internet companies connect the model developer with a wider industrial capital base.

▮ SIGNALInvestment from chipmakers, device manufacturers and internet companies broadens the funding base for foundation-model development.