DeepSeek Nears $15 Billion Fundraising for AI Race

Published On 26 Oct, 2026
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9 News HD: Chinese artificial intelligence company DeepSeek is nearing the completion of a major fundraising round worth around $15 billion, according to reports. The funding is expected to help the company improve its AI technology and compete with leading AI companies in the United States.

According to Reuters, DeepSeek has attracted money from both existing and new investors. Major investors reportedly include Tencent, the company behind WeChat, and CATL, one of China's biggest battery makers. More than 15 investors are said to have taken part in the funding round.

The reported amount is around 100 billion yuan, or nearly $15 billion. This is double DeepSeek's original fundraising target of 50 billion yuan. The strong investor interest highlights China's growing efforts to compete in the global artificial intelligence market.

DeepSeek became widely known for developing AI models that attracted attention for their performance and cost. The company is now looking to strengthen its position as competition grows among AI developers. More funding could help support research, computing systems and the development of new AI models.

The fundraising also comes as DeepSeek prepares for a possible stock market listing in China. Reports say the company has hired CITIC Securities to help prepare for a potential initial public offering. However, the timing and final details of any listing have not been confirmed.

The funding round is expected to be completed in the coming days, although the final figures and list of investors could still change. DeepSeek has not publicly confirmed all the reported details.

The reported $15 billion investment shows how much money is being directed towards artificial intelligence. As companies compete to build more advanced AI tools, DeepSeek's next steps will be closely watched by investors and the wider technology industry.