# DeepSeek reportedly nears funding of at least 80 billion yuan

_Published Tuesday, October 6, 2026 at 5:45 AM EDT · AI, Capital · Latest · Tier 1 — Major_

![DeepSeek reportedly nears funding of at least 80 billion yuan — Primary](https://media.thenextweb.com/2026/04/DeepSeek.jpg)

DeepSeek is close to raising at least 80 billion yuan in a new funding round, Bloomberg reported Tuesday, with Tencent and CATL committing some of the largest sums. The AI lab initially sought about 50 billion yuan; demand increased after its latest model launch, and the total could approach 100 billion yuan.

The proposed round would exceed DeepSeek's first outside financing earlier this year, which raised about 50 billion yuan at a valuation of $52bn to $59bn. DeepSeek has not announced the new round.

## Sources

- [The Next Web](https://thenextweb.com/news/deepseek-12bn-funding-round-tencent-catl)

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Canonical: https://techandbusiness.org/newswire/5XvtFZU8t4XN5R3tGDA2Lg
Published: 2026-10-06T09:45:41.407Z
Story chronology: 2026-10-06T08:29:35.000Z
Retrieved: 2026-10-06T11:50:46.953Z
Publisher: Tech & Business (techandbusiness.org)