DeepSeek Raises Over $70 Billion, Valued at $490 Billion, with 12 Investors Including NetEase, JD.com, Tencent, and CATL

On July 16, Kairun Co., Ltd. (SZSE: 300577) announced that DeepSeek, indirectly held by its wholly-owned subsidiary Ningbo Purun, has completed a new round of financing. Following this round, DeepSeek’s post-money valuation reached RMB 350.877 billion, an increase of approximately RMB 50 billion from its pre-money valuation of RMB 300 billion. Ningbo Purun holds a 0.0114% stake in DeepSeek. A total of 12 institutional investors participated in this financing round, including NetEase, JD.com, Tencent, and Contemporary Amperex Technology (CATL). After the announcement, Kairun’s share price surged by 19.98% in early trading.