DeepSeek reportedly plans to raise about USD 7 billion in its first funding round at a valuation of up to USD 59 billion. Tencent and CATL are expecte…

The fundraising could value the company after the investment at between 350 billion yuan and 400 billion yuan, or between $52 billion and $59 billion.

Tencent, CATL are set to become the largest external investors, sources say. Read more at straitstimes.com. Read more at straitstimes.com.