DeepSeek's 100 Billion Yuan Round Nears Close at ~500B Valuation
On October 13, 2026, multiple outlets reported DeepSeek is closing a ~100 billion yuan (~$14B) round — the largest single AI financing in China.
Key Numbers
- Round size doubled from 50B to 100B yuan within two weeks
- Pre-money valuation ~500B yuan; Bloomberg earlier reported at least $12B with oversubscription
- IPO filing possible by end of 2026, listing in early 2027; funds go to model training and compute
The round advances in parallel with DeepSeek's embodied-intelligence push.