BUSINESSSCMP WORLD
AI investor mania: China’s DeepSeek chases US$70 billion valuation in fresh round
Chinese AI start-up DeepSeek is seeking a US$70 billion valuation in a new funding round following its recently closed Series A round, which raised US$7 billion and valued the company at nearly US$60 billion.
Related Signal
Adjacent reporting
- DeepSeek reportedly weighs IPO amid zeal for Chinese low-cost tech
- DeepSeek weighs new fundraising a month after closing first round
- DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL
- Anthropic valued at close to a trillion dollars in new funding round
- Zhipu AI bucks Hong Kong tech rout