TREE NEWS update: DeepSeek’s latest funding round exceeded expectations, topping RMB 80 billion, with Tencent and CATL (Contemporary Amperex Technology) leading the investment. The deal marks one of the largest private raises for a Chinese AI company. Separately, Moonshot AI completed a round and aims to list in Hong Kong as early as next Q1, while Kling AI plans to raise at least $1 billion.
DeepSeek Raises Over RMB 80B, Led by Tencent and CATL
AI take
The participation of Tencent and CATL signals that capital for Chinese AI is increasingly coming from strategic industrial and platform players rather than pure financial investors, which matters for how these companies are capitalized and governed. The simultaneous activity at Moonshot and Kling suggests a broader funding and listing window opening for the sector, not a single outlier deal. Whether that momentum holds — and how the Hong Kong listing path develops — is the open question.
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