AI & Enterprise
DeepSeek pushes for Shanghai STAR Market listing, plans to start process this year
Chinese AI startup DeepSeek is preparing to list on the Shanghai Stock Exchange\'s STAR Market and has hired CITIC Securities as an adviser, Reuters reported on Sept. 9, citing two sources. DeepSeek plans to begin an IPO process this year, the report said. The timing, fundraising target and valuation have not been decided, sources said. Reuters previously reported DeepSeek was seeking investment at a valuation of 500 billion yuan, or $75 billion.