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NetEase

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2026-08-30 / thought-leaders-researcherDeepSeek nears a $7.4B round at a $74B pre-money valuation, aiming at a 2027 Shanghai STAR Market listingReported August 28-29, the roughly 50 billion yuan raise is expected to close by end of August, with a syndicate including China's national AI fund, NetEase, JD.com, IDG Capital, Loyal Valley, Shixiang Capital and Monolith Management. Proceeds go to R&D and a major compute buildout, and the company could file as soon as end of 2026 for a 2027 debut. This is the resumption of a round first floated in July, so treat the valuation as reported rather than confirmed until the close.

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INVESTED IN
DeepSeek
NetEase participated in DeepSeek's $7.4 billion funding round.
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