DeepSeek to raise at least $12 billion in Tencent-backed funding, Bloomberg News reports


FILE PHOTO: A DeepSeek AI sign is seen at a building where the Chinese start-up's office is located in Beijing, China, February 19, 2025. REUTERS/Florence Lo/File Photo

Oct ⁠6 (Reuters) - DeepSeek is ⁠close to securing ‌at least 80 billion yuan ($11.93 billion) ​in its latest ⁠round ⁠of funding, Bloomberg News ⁠reported ‌on Tuesday, citing ⁠people familiar with the ​matter.

Battery ‌pioneer Contemporary Amperex ⁠Technology and ​Tencent Holdings have committed ⁠among the largest ​amounts in the current funding round, the ⁠report added.

Reuters could not immediately verify the ​report.

($1 = ⁠6.7045 Chinese yuan)

(Reporting ​by Abu ‌Sultan in ​Bengaluru; Editing by Subhranshu Sahu)

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