DeepSeek's latest fundraising commitments exceed 80 billion yuan, with a target valuation around 500 billion yuan

What changed

Reuters reported on October 6, citing people familiar with the matter, that commitments to DeepSeek's latest fundraising round had exceeded 80 billion yuan and could grow further. DeepSeek had been targeting a valuation of about 500 billion yuan and is expected to complete the round in October. Reuters says Tencent and CATL are among the major participants, while DeepSeek, Tencent and CATL did not immediately comment. Because the report is source-based and the round is not yet described as closed, this entry treats it as an expected fundraising outcome rather than a completed transaction.