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AI & Enterprise

China\'s DeepSeek nears 11 trillion won funding from Tencent, CATL; valuation seen up to 90 trillion won

Chinese AI startup DeepSeek is nearing the completion of its first external fundraising round since its founding. The funding is expected to exceed 50 billion yuan, while the company has been valued at close to $60 billion, reports said. Participants are said to include Tencent, NetEase, JD.com and battery maker CATL, as well as venture capital firms. Founder and CEO Liang Wenfeng plans to invest about 20 billion yuan of his own money.

AI & Enterprise

DeepSeek founder Liang Wenfeng out of sight for 1 year; who is Chen Deri?

DeepSeek founder and CEO Liang Wenfeng has remained largely out of public view since a televised meeting with President Xi Jinping in February last year, the South China Morning Post reported. Company filings show Liang’s stake rose to 34 percent from 1 percent, while paid-in and registered capital increased. At the same time, senior researcher Chen Deri has increasingly delivered DeepSeek’s external messages, including around the launch of its V4 AI model.