| Mobile Web

DeepSeek revenue already nearly 10 times last year; API gross margin 82.9 percent

Chinese AI startup DeepSeek posted revenue of 475 million yuan ($70.7 million) from January to July, nearly 10 times its full-year revenue in 2025, The Information reported. It recorded a net loss of 715 million yuan over the same period. The Information said DeepSeek is discussing a secondary funding round with existing and new investors, targeting 50 billion yuan at a valuation of 500 billion yuan.