TREE NEWS reports: DeepSeek has raised more than 80 billion yuan in a funding round led by Tencent and CATL, exceeding earlier expectations, with an IPO window pointing to early next year. Separately, Moonshot AI is said to have completed a round at a $50 billion valuation and could list in Hong Kong as early as Q1 2027, raising up to $5 billion, while Kling AI plans to raise at least $1 billion.
DeepSeek Reportedly Raises Over 80B Yuan, Led by Tencent and CATL
AI take
The scale of this round, with Tencent and CATL anchoring, suggests Chinese AI financing is consolidating around a small set of well-capitalised players rather than spreading broadly. A stated IPO window and parallel listing chatter from peers point to a sector moving from private fundraising toward public markets. The open question is whether these valuations hold once they face disclosure requirements, and whether the capital concentration leaves smaller model developers reliant on a narrowing pool of backers.
Generated by AI for reference only.
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