DeepSeek has raised about $15 billion, roughly 100 billion yuan, in one of China’s largest funding rounds, Bloomberg reported, according to TechCrunch on October 22. Potential investors include CATL and Tencent.

An earlier Bloomberg report on October 6 had put the round at about $12 billion, ahead of an IPO planned for early 2027. DeepSeek has not publicly confirmed the figures.

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