TREE NEWS reports: DeepSeek completed a 10 billion yuan ($1.4 billion) funding round, with battery maker CATL and Tencent among the investors. The Chinese AI developer’s raise comes as mainland markets fell, with the ChiNext Index down 2.77% at midday and the Hang Seng Tech Index down 4.6%. The round is one of the largest disclosed for a Chinese AI company.
DeepSeek Completes 100 Billion Yuan Funding Round With CATL, Tencent
AI take
The size of this round stands out less than its backers: CATL brings industrial balance-sheet weight and Tencent brings platform reach, a combination that ties a Chinese AI developer to strategic capital rather than pure financial investors. That the raise landed while ChiNext and Hang Seng Tech sold off suggests private conviction in Chinese AI is running ahead of public-market sentiment, a divergence worth tracking. Whether that gap narrows through a broader listings recovery or through further private rounds is the open question.
Generated by AI for reference only.
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