Chinese AI startup DeepSeek is planning to launch a fresh fundraising round at a valuation of about 500 billion yuan (US$74 billion) ahead of a potential mainland initial public offering, two people with knowledge of the matter said.

DeepSeek raised $7.4 billion in its first external round at a $50B+ valuation, with plans to challenge OpenAI and Anthropic on pricing and global expansion.

Chinese AI darling reportedly begins preliminary talks for round valuing it at about $71bn, one month after it concluded first deal

Chinese AI startup DeepSeek is planning to launch a fresh fundraising round at a valuation of about 500 billion yuan (US$74 billion) ahead of a potential mainland initial public…