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DeepSeek’s second round of financing expanded to 105.5 billion yuan, with Tencent and CATL leading the investment. About 30,000 investors entered the market, and state-owned assets, technology and industrial capital increased simultaneously.
participatedeepseek Investors have come forward for the second round of financing. DeepSeek’s latest round of financing has expanded to RMB 105.5 billion. Tencent and CATL led the investment, with a total of about 30 investors participating and the company’s valuation reaching RMB 615.5 billion.
The US media “The Information” reported that the investors participating in DeepSeek’s current round of financing have diverse backgrounds, including industrial capital in various fields such as chips, communications, consumer electronics, Internet and finance, as well as institutional and state-owned investors.
Judging from the information disclosed, Tencent’s investment amount in this round is the same as the first round, both RMB 10 billion, and its cumulative investment amount has reached RMB 20 billion. Ningde Times and its chairman Zeng Yukun invested RMB 10 billion in this round, up from RMB 5 billion in the first round. After two rounds of financing, they are still the two main investors of DeepSeek.
In addition, institutions with state-owned background such as China Telecom, CICC and China Life contributed 27% of funds in the latest round of investment, a significant increase from the 2% proportion in the first round. Among them, China Mobile and CITIC Securities are new investors joining this round, each investing RMB 8 billion.
Professional investment institutions keep increasing their investments. Lisi Capital, founded by former Sequoia China partner Cao Xi and others, invested RMB 7.5 billion in this round, compared with RMB 3 billion in the previous round. IDG Capital invested a total of 6.5 billion RMB in the two rounds, and Boyu Capital invested 3.5 billion RMB.
Veteran investors have also emerged in the chip industry chain. Changxin Storage, which specializes in memory chips, under its chairman Zhu Yiming, and domestic wafer foundry leader SMIC are also reported to have participated in this round of financing, but the specific investment amount of these two companies was not disclosed in the report.
In addition, Vivo, Meituan, Midea, Luxshare Precision, Geely, Ctrip, Xiaohongshu and other companies also appear in the investment list. It is said that the individual investment scale of these companies is approximately between 1 billion to 3 billion RMB.
According to the classification, across the two rounds of financing, technology companies contributed 41.9% of the funds, followed by venture capital and private equity institutions which contributed 26.5%. The state-owned investor, Liang Wenfeng, ranked third and fourth, with investment proportions of 18.8% and 12.8%, respectively.
In addition to companies directly listing investors, some listed companies choose to participate indirectly through special funds. Securities Times reported on the 23rd that A-share listed companies such as Perfect World, Century Huatong and Litong Electronics also participated in the investment through two special funds, Lisi Jingshen and Shixiang Shangxi.
Summary FAQ
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The report reported that DeepSeek’s latest round of financing raised RMB 105.5 billion, and the company’s valuation reached RMB 615.5 billion, indicating that the market is still highly optimistic about its development prospects.
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Tencent and CATL led the investment, with participation from China Telecom, CICC, China Life, China Mobile, CITIC Securities and other state-owned or financial institutions, as well as a number of technology and consumer companies.
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In this period, the sources of wealth are more dispersed, technology companies contribute the most, and the proportion of state-owned assets is also increasing significantly. In addition, Perfect World, Century Huatong, Litong Electronics, etc. also indirectly participated in the investment through special funds.
