The Zhitong Finance App learned that, according to media reports, DeepSeek has reportedly completed about 100 billion yuan (15 billion US dollars) of financing, which is one of the largest financing transactions in China's history. This funding will also pave the way for DeepSeek's IPO plans. Earlier, it was reported that DeepSeek will submit a listing application as soon as this year.
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.
While financing is advancing, DeepSeek is speeding up the pace of IPOs. Since late August 2026, the company has contacted a number of investment banks to prepare for listing on the Science and Technology Innovation Board and has hired CITIC Securities. It plans to submit the forms at the end of 2026 as soon as possible and officially list in 2027. In addition, Yan Wentao, a former partner of Gao Lin Venture Capital, joined DeepSeek as CFO in late September 2026. Currently, CITIC Securities is assisting the company in carrying out an investor background review and adjusting the relevant fund filing format to meet the requirements for the number of IPO shareholders.
According to previous analysts, based on DeepSeek's current valuation of 500 billion yuan, the overall market capitalization range is expected to fall between 1.5 trillion yuan and 2.5 trillion yuan after listing. Second, DeepSeek plans to release the V4.1 Flash model today. The performance indicators may have completely surpassed the V4 Pro.