China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO
The plan comes just weeks after the Hangzhou-based company, which drew global attention with its low-cost AI models in 2025, raised about $7.4 billion in June at a post-money valuation of about 450 billion yuan, the people said. Filings by two Chinese investors later suggested DeepSeek was valued at 350.88 billion yuan, or around $52 billion.
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