DeepSeek reportedly reopens talks on a RMB50 billion second funding round

DeepSeek has reportedly reopened talks for a second funding round targeting RMB50 billion, potentially valuing the Chinese AI company at about RMB500 billion before the financing. The talks could lead to an agreement in late August, but the terms and timing have not been finalized.

The development is a reported financing discussion, not a completed fundraising round. DeepSeek’s earlier round raised more than RMB50 billion at a valuation above RMB350 billion, according to earlier reports. [IT Home, in Chinese]