DeepSeek is set to raise about 50B yuan, or $7.4B, in its first funding round, per Reuters.
The round could value the Chinese AI startup at $52B-$59B post-money.
Founder Liang Wenfeng is reportedly committing 20B yuan, while Tencent may invest 10B yuan and CATL 5B yuan.
NetEase,
JD.com, China’s national AI fund, IDG, and Monolith are also among prospective investors.