Paving Way for 2027 STAR Market IPO
According to multiple media outlets citing insiders, Chinese AI unicorn DeepSeek's latest funding round is nearing completion, with raised capital expected to reach at least RMB 80 billion (approximately $12 billion USD), significantly exceeding the initial target of around RMB 50 billion. Tencent and CATL are participating as lead investors, with both new and existing industrial capital actively joining — the final round may approach RMB 100 billion. This financing lays a solid foundation for DeepSeek's planned IPO on the Shanghai STAR Market in early 2027. DeepSeek's recently released AI models have gained strong market recognition, driving investor enthusiasm well beyond expectations. This round not only sets a new funding record for Chinese AI startups but also signals that China's foundation model industry has entered a new phase of all-around competition across capital, compute, and scenarios, forming a trans-Pacific capital rivalry with American giants like Anthropic and OpenAI.
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