DeepSeek nears a $7.4B round at a $74B pre-money valuation, aiming at a 2027 Shanghai STAR Market listing
Tech Startups·medium signal
Reported 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.