China's DeepSeek hits $48 billion valuation as firms reveal stakes

Chinese AI company DeepSeek is now valued between 325 billion and 350 billion yuan. On July 16, Kailei Stock announced it indirectly invested 40 million yuan in DeepSeek through a fund, holding 0.0114%. TCM Healthcare also disclosed a 0.04% stake worth 130 million yuan via the same fund. According to the Financial Times on July 14, DeepSeek raised about $7 billion in its first external funding round in May, including $3 billion from founder Liang Wenfeng, reaching a post-investment valuation of $52 billion. The company plans to raise more funds at a pre-investment valuation of $71 billion.