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Open Models · first seen 30 October 2026, 01:08 UTC
DeepSeek raises nearly $16B round led by Tencent and CATL
A record-scale round for a leading open-weights lab signals heavy state and tech backing for China's AI champions.
DeepSeek's second funding round raised about RMB105.5 billion at a RMB61.55 billion valuation, with state capital reaching 27% and nearly 30 investors including Tencent and CATL, per The Information.
