DeepSeek nears pre-IPO funding round as 2027 market debut takes shape: sources

DeepSeek is nearing the closure of a new funding round valued at approximately 500 billion yuan (US$74 billion) before investment, as the Chinese AI start-up moves closer to a potential listing on Shanghai's Star Market. The company aimed to raise around 50 billion yuan in this round, expected to close before the end of August, according to sources familiar with the matter. The list of investors includes existing stakeholders participating in this round. This funding round is a strategic step to enhance DeepSeek's market position, potentially facilitating its stock market listing and strengthening its competitive edge in the AI sector.