Chinese AI firm DeepSeek seeks up to 50 billion yuan in fresh capital before a potential Shanghai IPO this year.
DeepSeek is preparing a new fundraising round at a valuation of about 500 billion yuan ($74 billion), just weeks after raising $7.4 billion at a 450 billion yuan post-money valuation. The move highlights investor demand for the company, which gained attention for its cost-efficient AI models in 2025.
The startup aims to secure up to 50 billion yuan in the latest round, reflecting the high costs of competing in AI, including computing power and data-center investments. Early discussions are underway for a potential IPO on Shanghai’s STAR Market, with an internal target to file this year.
Terms and timelines remain fluid, as the plans are in preliminary stages. The company has not commented on the reports.