DeepSeek founder Liang Wenfeng nears 100 billion yuan funding round
The gist
DeepSeek, led by founder Liang Wenfeng, is set to close a new round of about 100 billion yuan.
The deal would be China's largest primary-market financing, funding its embodied-intelligence push.
How it unfolded
- Jan 20, 2025DeepSeek R1 made its debut, causing the total market value of leading US AI tech stocks to shrink by about 1 trillion US dollars that day, with NVIDIA alone losing about 590 billion US dollars.
- Apr 2026DeepSeek launched its first funding round at a valuation of 350 billion yuan.
- Jun 2026DeepSeek completed delivery of the first round, over 50 billion yuan.