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DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports

DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports

FILE PHOTO: The Deepseek logo is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

06 Oct 2026 01:27PM (Updated: 06 Oct 2026 01:32PM)

Oct 6 : DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Battery pioneer Contemporary Amperex Technology and Tencent Holdings have committed among the largest amounts in the current funding round, the report added.

Reuters could not immediately verify the report.

($1 = 6.7045 Chinese yuan)

Source: Reuters
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