China’s Big Fund leads DeepSeek round as price doubles in two weeks
▼ Summary
– DeepSeek’s funding round escalated from a $300 million raise at a $10 billion valuation in mid-April to a $45 billion deal led by the China Integrated Circuit Industry Investment Fund.
– Alibaba and Tencent were initially involved in discussions for the earlier funding round.
– The strategic logic behind the investment has changed substantially.
What began in mid-April as a $300 million fundraising effort at a $10 billion valuation, with early interest from Alibaba and Tencent, has now escalated into a reported $45 billion deal. The China Integrated Circuit Industry Investment Fund, commonly known as the Big Fund, is leading the round. The strategic logic behind the investment has shifted dramatically. This kind of rapid valuation growth, doubling in just two weeks, is rare in venture-capital pricing and signals a major pivot in market expectations.
(Source: The Next Web)
