According to media quoting people familiar with the matter, DeepSeek's latest round of financing is close to securing an investment of at least RMB 80 billion, which greatly exceeds the company's original financing target and lays the foundation for an initial public offering scheduled for early 2027. People familiar with the matter said that Ningde Times and Tencent are among the leading investors, and the financing is coming to an end. DeepSeek initially sought financing of around RMB 50 billion, but after the successful launch of the latest AI model, investor interest surpassed expectations. According to the signed investment terms and conditions, the final financing scale is likely to be close to 100 billion yuan.

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