DeepSeek slated to draw $9.5 billion in first fund raising, sources say

DeepSeek slated to draw $7 billion in maiden fundraising, sources say - The Economic Times

DeepSeek closes $7.4 billion Series A at $52–59 billion valuation from Tencent, CATL and China's national AI fund, cementing China's foundation-model leadership. The deal consolidates China's AI stack vertically—from foundation models to power infrastructure—while CATL pivots to datacentres and Tencent battles Alibaba for domestic AI platform dominance.