Business · 8h ago
DeepSeek targets $74B valuation in new funding round ahead of IPO
Chinese AI startup DeepSeek is raising fresh capital at a $74 billion valuation, sources say, ahead of an onshore IPO. The back-to-back fundraising plans highlight strong investor demand for one of China's most closely watched AI companies. DeepSeek's rapid growth underscores the competitive AI landscape in China.
Meridian48 take
The $74B valuation reflects frothy AI hype, but DeepSeek's IPO will test whether the company can justify its lofty price tag with real revenue.
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China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO, sources say →
Express Tribune
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