DeepSeek is reported to have completed approximately RMB 100 billion in financing, making it one of the largest financing transactions in China's history. According to people familiar with the matter, DeepSeek raised its financing target at least twice during negotiations with investors. It was initially 50 billion yuan, then raised to 80 billion yuan, and eventually reached about 100 billion yuan. Ningde Times and Tencent are among the biggest investors in this round of financing.

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